3 Essential Tools for Starting and Maintaining a Small Business

Released on: March 27, 2008, 9:13 pm

Press Release Author: For More Free Resources visit www.oversightsystem.com

Industry: Management

Press Release Summary: We believe that there are 3 factors that drive the success of
small businesses.



Press Release Body: We believe that there are 3 factors that drive the success of
small businesses.


1) Acquiring start-up capital
2) Finding customers
3) Accounting for, budgeting and controlling sales and expenses



The following resources will help your small business achieve these success factors.

Acquiring Start-Up Capital


An adequate supply of capital is essential as many profitable businesses fail
because they don't have enough cash to pay their employees and suppliers. But what
is an adequate supply of capital? The only way to tell is by doing a significant
amount of research on your potential market and formally documenting this in a
business plan. I'm sure you know that a business plan is a very important document
that is crucial to convincing your banker to lend you money.


There are two ways to obtain a business plan.


1) Do it yourself by amending a business plan template, or
2) Hire a professional to do it for you.


Obviously obtain 1) will be a great deal cheaper.


Our research led to a website that has over 60 high quality and free business plan
templates. We also found a directory that you can use to easily find a business plan
writer in your city - where ever you live in the world.


Finding Customers


Finding customers is a difficult and expensive task for service business owners such
as accountants, lawyers and plumbers. We believe that a cost effective marketing
strategy for service business owners is to simply give all their personal contacts a
few business cards.


Our research led to a few websites that have pre-designed business card templates.
We felt that the diversity and quality of these designs was outstanding. In
addition, we found that you can obtain a significant saving by finding a printing
service on the Internet. We found that you could get 2,000 full color business cards
for as little as US $150.


Accounting For, Budgeting and Controlling Revenue and Expenses


Accurate accounting is very important for small business owners. It's essential that
you have timely access to information that could make or break your business. If
stocks are running low - you need to know about it. If a large proportion of your
debtors haven't paid - you need to know about it. If you do not react to these
situations quickly you may have a situation where you don't have enough money to pay
your employees - or worse still someone is stealing cash out the till.


Our research led to a website that compares and reviews top accounting software for
small businesses. The cheapest software cost US $89.99 and the most expensive
software cost US $1,499. It was interesting to note that the top 3 ranked websites
were not the most expensive and cost between US $250 - US $300.


Hopefully you now have an idea of some of the tools that you can use to grow and
maintain your small business. If you would like to benefit from our research please
visit our website. We do not charge for this research and offer the content freely
on our website.


Web Site: http://www.oversightsystem.com

Contact Details: H.No. 333 Sec-3 Panchkula ,09217286991,
sonkum2@gmail.com

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