Author: hans raj.

Buying on eBay can be very rewarding, either in terms of being able to pick up items cheaply or for hunting for hard to find items. Although generally the experience is good, there are instances where things can go badly wrong. These tips, based on experience over the last seven years, should help to avoid some of the potential pitfalls.

1. Make use of the various tools provided on eBay to ascertain the target price of items you are interested in. A simple way to do this is to ’search’ for completed items.

2. Always check that there are no hidden costs associated with your potential bargain. These may include unspecified postage costs, or PayPal fees chargeable to the buyers. If in doubt e-mail the buyer and if you don’t get a response then don’t bid. Remember that when buying from overseas postage costs can be significant compared to the price of the item and also for more expensive items you may be liable to customs fees.

3. Check out the seller’s feedback. You should be aiming to buy from sellers with feedback of at least 98 per cent - if it is less and you are interested in an item read the feedback comments to satisfy yourself that the buyer provides a good service. In particular, read the neutral and negative feedback posts to try to work out what may have gone wrong with previous transactions.

4. Don’t get carried away and end up bidding more than need or want to. Some items appear very frequently on eBay and it may be worth setting yourself a limit and waiting for the next one to come along.

5. If you find you are often being outbid at the last moment, consider using sniping software which you can use to automatically submit a bid in the last few seconds of the auctions.

6. Where possible, use PayPal to pay for items on eBay. The sellers get their payment quickly, and there is a degree of protection for buyers if things go wrong. eBay (via My eBay) provides a number of tools for monitoring progress on your transaction

About the Author:
My self hansraj.
Details :
Name : Hansraj
Address : SCF-113, Phase XI, Mohali.
City : Mohali
State : Punjab
Country : India
E_Mail ID : genhansraj@gmail.com

Author: annaya rana.

Positioning is another one of those marketing jargon words that everybody throws around and is important to understand. It’s also important to understand how positioning specifically applies to your small business marketing.

Basically a marketing position describes your unique place in the market. The key word here is unique. What makes you different from your competitors? What features and benefits do you offer your target market that the other players don’t?

Here are a few things that may go into your positioning:

-Price Point - This doesn’t necessarily mean you have the lowest price. You may be the most expensive in town, and that’s OK if you convince your customers you’re worth it.

-Service - Almost every business claims they have great service. If you can provide exceptional service compared to your competitors, your customers will remember you. I’ll never forget calling a surly plumber to try to get him to my house for an emergency on a weekend. He acted like he didn’t want my business and then told me it was going to be $200 for him just to show up, no thanks. I called roto-router who gave me amazing service, a guarantee, and the whole bill was less than $200. I now use them for all my plumbing.

-Features and Benefits - Positioning is not just about what makes you different, it’s also about what you emphasize. Folgers announces to the world that it’s “mountain grown coffee” ( a feature). Guess what? All coffee is mountain grown. Folgers just claimed this feature first. What’s something that none of your competitors are talking about?

-Credibility - Legal Seafood’s clam chowder is served at every presidential inauguration. Many products get celebrity endorsements. Many companies tout how long they’ve been in business. All of these things build trust in the mind of the consumer. What trust-building factors do you have that the competition does not?

-Negative Features - Is there something you don’t have that annoys customers of your competitors? I’m not saying use negative advertising, but just mention the feature and tie it to a benefit. I’m annoyed when I have to pay for parking to go shopping at Mall. Instead of touting free parking, a mall that wants to speak to me might declare, “You’ll never have to pay for parking”. This drives home the pain of shopping with a competitor without going negative.

-Anything Else - Literally anything that differentiates you from your competitors can be part of your positioning strategy - your location, your hours of operation, the way your office smells. Small business owners need to think creatively here.

In a great article by John Jantsch he states that a positioning strategy must answer the question, “why should I buy from you?” This is brilliant in its simplicity; it cuts through all the strategic junk that complicates marketing. If you can’t answer this question, your customer is not going to do the work to figure out an answer on his own.

About the Author:
i am 21 yeras old and i am a student.

Author: Anil kumar yadav.

If you think that your employees’ poor performance on their designated jobs is costing you a whole lot of loss profits, then instead of just doing a total overhaul of your employee roster, why not try to do some employee motivation tactics to get them to actually come around and be able to save your company from looming bankruptcy. It really is fairly easy and simple to rouse some employee motivation; you just have to take these techniques to heart:

People nowadays are concerned of the lack of importance that is being put into health care plans. Is your company one of those companies who does not provide their employees with the health benefits that they should be entitled too? This is a possible reason why your employees’ morale is down. You need to reassess the situation and try to give them the health benefits that will ensure them that they will be protected by the company that they have been loyal even in their times of sickness. Always remember that a happy worker is a satisfied worker so make sure to use this employee motivation tool in order to give your employees morale a much needed boost.

Remember, companies are usually employed with some women who will, most often than not, become mothers. So it is highly important that you know their needs especially during the time when they would want to avail of their maternity leave. It is important that your company, no matter what kind of product or service you offer, is always sensitive to your employees needs, no matter what gender.

When it comes to having a good health plan for your employees, you must be sure that your health plan is actually of any good or else it would not really do any good to your employees’
morale. Make sure that the health plan will be able to cover all their basic needs and it wouldn’t really hurt if you throw in some added kicks.

Basic health care plans that you can use for employee motivation actually covers the following: full coverage for any basic illness or injury, coverage of hospital payments in case the employee has to be checked in at the hospital or if there are some minor surgeries that need to be done.

Added benefits to further boost employee motivation through a health care plan is through having their dental health covered as well as their optical needs, eyeglass subsidies as well as free dental cleaning and check-ups will be a good treat for your employees and will surely be a great added employee motivation move.

Apart from having a good health care plan for your employee motivation tactics, you must also be able to provide for them some other additional care such as an insurance plan which they can rely on in case something bad happens to them and they are still of service to your company. Even if this employee motivation move will not be availed by the employee’s family during the time of his or her service, your employee can still choose to continue on paying for the premiums of the insurance plan even after he or she has retired from your company. Unfortunately for your employees, once they resign
from a job position at you company they said insurance plan will be revoked since the company will not be able to play for your insurance premiums anymore (remember, all the payments from these employee motivation tactics will actually come from the employee’s salary).

Another great employee motivation move for loyal employees of your company is to have a car loan ready for them; employees who have already served some considerable amount of years in the company should be entitled to a car plan wherein deductions from their salary will be used to pay for their vehicle of choice. This is a great employee motivation move since those who are not able to afford a car (a brand new car at that!) would actually want to continue staying in your company because of this added employee motivation benefit.

From time to time, especially during special occasions, you need to be able to give your employees some added morale boost by organizing events or parties that will foster camaraderie among your employees. A little good time certainly wouldn’t hurt anyone and this will all be in the spirit of good ole’ company fun. Employee motivation directed events such as Christmas parties and company picnics are surely a welcome treat to your seemingly overworked and over fatigue employees.

You must also remember to give your employees some time to unwind like providing your regular employees the benefit of having a two-week paid vacation leave. That’s the least you can do for your employees who you have held captive for the majority of the year in your office.

These are really simple and easy employee motivation tactics that you can do in order to boost your employees’ morale and be able to ensure a good upkeep of your

About the Author:
I AM WEBSITE PROMOTER

Author: mohan mittal.

 have decided to write this article as a result of numerous emails. It seems more and more people are falling victim to bad SEO. The main complaint is that they are paying entirely too much for little or no results. Additionally, many fall prey to bad SEO practices. If you plan to hire an SEO pro in the future, I suggest you use this article as a set of guidelines.

Before going with any SEO firm or individual, do the following:

A) Find out how established and experienced an SEO firm is before you negotiate.
Do they have a sizeable client list under their belt?
Are they published?

B) Scrutinize their portfolio.
What kind of results have they achieved?
Contact a few of their clients. Were they satisfied with the work performed?

C) Consider and confirm their methods?
How will they optimize your site to reach your keywords?
Do they use organic methods? Some individuals or companies use doorway pages, hide text in the background, utilize re-directs and other blacklisted methods. Stay away from these.

D) Get a least three proposals from different SEO firms.
Look at each one carefully. Are there similarities? Proposals will help you see which companies are honest and which are trying to sell you something you don’t need.
What is the cost? The cheapest isn’t always the best; however, the highest price may not be attached to a comprehensive and viable course of action. Try to find an individual or organization that will give you what you want within your SEO budget.

E) Contract, Contract, Contract.
Get everything in writing. Look over the document carefully. Be sure it covers everything you have discussed, including methods of achieving your desired results. Have the copies signed by both parties. If the job is a large one you may want to consult a lawyer.

F) Clearly state the terms of payment.
While most SEO firms will not do any work for free or agree to a results based pay scale, many competent SEO professionals will not shy away from a base plus performance incentive package. I am not a firm believer in prepaid contracts… Most SEO professionals will abide by the 50% up front, 50% upon completion standard. Make sure all financial terms are as clearly defined in your contract as the actual scope of work. This will protect all parties involved in the event that expectations are not met.

All in all, try to do your best to educate yourself on SEO. Have a basic understanding of SEO terminology and SEO methodology. Anyone offering SEO services should not have a problem explaining how they intend to get you results. If they fail gain your confidence or raise a red flag for any reason whatsoever, keep searching. You will eventually find someone who will help you reach your goals for a fair price. Happy hunting.

About the Author:
i am 24 year old.

Author: Jim Mcdonald.

Gone are the days of when all you had to do to sell a business or property was to place an ad in the local paper. With new businesses added to the business for sale market every day giving potential buyers more businesses to choose from, I don’t have to tell you that is a very competitive market and making your business stand out from the rest is important. It is vital that you market your business in the most effective way to generate genuine quality leads and obtain the best sale price.

Utilizing the services of a business for sale website is the first and most important step you need to take when marketing your business for sale. News paper classifieds can be helpful, however almost 96% of searches for a business for sale starts online. There is at least 2 or 3 quality business for sale website available to use in Australia. Make sure you shop around for the best price available when listing your business with a website. You can expect all of the online enquiries to be contacting you directly, because when you upload your listing you will be required to supply your phone number and email so all enquiries are directed to you. This is perfect because after all, who better to sell your business than you.

Make your business as attractive as possible while maintaining a fair and realistic price. Overpricing the business will scare off any potential buyers. If you can not justify your asking price, the buyer will be suspicious and almost certainly take their business elsewhere.

Making sure all of your outstanding loans, expenses, leases, contract etc are up to date is vital. Not being up to date may slow down the buying process, not to mention the embarrassment.

Here are more important points to consider:

• Always seek legal advise from your solicitor or Lawyer
• Always seek financial advice from your accountant
• If you choose to use a business broker remember they will charge agent fee or broker commissions up to 10%

Selling a business can be a stressful time if you are not prepared. After you and your family have made the decision to sell your business, the next thing to do is make sure you are fully prepared. Making sure you have the basics covered will insure the selling process is a smooth one.

 

Author: gurpreet singh.

I only have a small business, I don’t need a budget.”

“I don’t have enough money to budget.”

For many small business owners, the word “budget” is something for the bigger company - maybe they’ll have one when their business “grows up.”

What is a Budget?

The simple explanation is a budget is a plan for how you will manage all financial resources and all expenses for your business. The basic equation that you want to demonstrate in a budget is as follows:

(estimated) Sales minus (estimated) Expenses = Profit (or loss)

How to create a Budget

If this is your first time to work on a budget for your small business, you might work from the perspective of having to list cost of goods or services plus all of your operating expenses to start the process.

How much does it take to operate your phone line? What is the cost of other utilities? How about the cost of a company vehicle, or what is the cost of transportation if you’re using your personal vehicle to also serve as a company vehicle. Do you need any supplies or inventory to operate your business? How about any employee payroll, payroll taxes or independent product or service providers? Remember to include everything you spend money on to operate your business even if you allocate some of the expenses to “petty cash” expenses, such as parking or bridge tolls while traveling to see clients.

I recommend that you create annual budget, as opposed to a monthly budget, so you can identify any expenses that you may have that come up only once or twice a year such as insurance and include them in your list of expenses. This allows you to amortize or spread the cost of this out over several months so that you can plan ahead for the expense.

As you work on your list of expenses keep in mind that these are the expenses that are necessary to operate your business. These should not be your “wish list” unless you want to budget in some expansion or growth. You may want to create a budget with just the necessities and another version of your budget with expansion expenses listed so that you can see the cost of both separately.

With a dollar figure to work with of your total expenses you are able to set the standard for or evaluate your sales figures. If you are new to your business you may need to use the dollar amount of your expenses to help you determine what your sales need to be in order to cover all costs and show a profit. If you have been in business for a while you can evaluate whether or not you are producing a profit by looking at historical sales figures.

As you conduct business during your budget year you should compare your actual income and spending with what you estimated. This will allow you to manage your spending so that you don’t over spend and cut into or eliminate your profits. You will also be able to see if sales have met expectations in order to cover expenses and still remain profitable.

Who should Budget?

Every small business owner should budget, no matter the size of business. I have heard some small business owners say their business is too small to budget, but that is not true. If you don’t have a written plan for what your financial obligations are and how your revenue will cover those obligations and leave some money unspent, then your business will never grow. In fact, you may out-spend your revenue and put yourself out of business.

Why Budget?

Budgeting for your small business gives you control over your finances. By looking ahead to what you know or can reasonably estimate what your expenses will be, you can then make financial decisions that will keep you from over-spending, or give you the freedom to invest in the growth of your business.

When Budget?

Every small business owner should have a budget to start their business and then review it annually. I recommend that small business owners review their budget several months before the end of their fiscal year. When I say review the budget I’m talking about comparing projected budget with actual. In the comparison you can see if your estimates were realistic. You and your CPA can also plan for last minute tax strategies, or plan to implement strategies in the upcoming year’s budget.

The Goal in Budgeting

Remember, the goal of having a budget is to stay in control of your finances in advance. Setting the standard for your spending and revenue and having a tool to compare with actual will give you the control that you need to stay profitable. At the very least it will give you an indication of whether or not your business is actually profitable and not just busy.

Resource

Throw away all your receipts!
Yes, you can throw them all away after you’ve scanned them into Neat Receipts. This handy tool is operated by scanning all of your receipts using a portable scanner into your computer or laptop. The software can produce expense reports or you can import the information from the receipts into your accounting software such as Quicken or QuickBooks. Once the receipt has been scanned into your computer you have a digital copy so you can through the receipt away.
I only have a small business, I don’t need a budget.”

“I don’t have enough money to budget.”

For many small business owners, the word “budget” is something for the bigger company - maybe they’ll have one when their business “grows up.”

What is a Budget?

The simple explanation is a budget is a plan for how you will manage all financial resources and all expenses for your business. The basic equation that you want to demonstrate in a budget is as follows:

(estimated) Sales minus (estimated) Expenses = Profit (or loss)

How to create a Budget

If this is your first time to work on a budget for your small business, you might work from the perspective of having to list cost of goods or services plus all of your operating expenses to start the process.

How much does it take to operate your phone line? What is the cost of other utilities? How about the cost of a company vehicle, or what is the cost of transportation if you’re using your personal vehicle to also serve as a company vehicle. Do you need any supplies or inventory to operate your business? How about any employee payroll, payroll taxes or independent product or service providers? Remember to include everything you spend money on to operate your business even if you allocate some of the expenses to “petty cash” expenses, such as parking or bridge tolls while traveling to see clients.

I recommend that you create annual budget, as opposed to a monthly budget, so you can identify any expenses that you may have that come up only once or twice a year such as insurance and include them in your list of expenses. This allows you to amortize or spread the cost of this out over several months so that you can plan ahead for the expense.

As you work on your list of expenses keep in mind that these are the expenses that are necessary to operate your business. These should not be your “wish list” unless you want to budget in some expansion or growth. You may want to create a budget with just the necessities and another version of your budget with expansion expenses listed so that you can see the cost of both separately.

With a dollar figure to work with of your total expenses you are able to set the standard for or evaluate your sales figures. If you are new to your business you may need to use the dollar amount of your expenses to help you determine what your sales need to be in order to cover all costs and show a profit. If you have been in business for a while you can evaluate whether or not you are producing a profit by looking at historical sales figures.

As you conduct business during your budget year you should compare your actual income and spending with what you estimated. This will allow you to manage your spending so that you don’t over spend and cut into or eliminate your profits. You will also be able to see if sales have met expectations in order to cover expenses and still remain profitable.

Who should Budget?

Every small business owner should budget, no matter the size of business. I have heard some small business owners say their business is too small to budget, but that is not true. If you don’t have a written plan for what your financial obligations are and how your revenue will cover those obligations and leave some money unspent, then your business will never grow. In fact, you may out-spend your revenue and put yourself out of business.

Why Budget?

Budgeting for your small business gives you control over your finances. By looking ahead to what you know or can reasonably estimate what your expenses will be, you can then make financial decisions that will keep you from over-spending, or give you the freedom to invest in the growth of your business.

When Budget?

Every small business owner should have a budget to start their business and then review it annually. I recommend that small business owners review their budget several months before the end of their fiscal year. When I say review the budget I’m talking about comparing projected budget with actual. In the comparison you can see if your estimates were realistic. You and your CPA can also plan for last minute tax strategies, or plan to implement strategies in the upcoming year’s budget.

The Goal in Budgeting

Remember, the goal of having a budget is to stay in control of your finances in advance. Setting the standard for your spending and revenue and having a tool to compare with actual will give you the control that you need to stay profitable. At the very least it will give you an indication of whether or not your business is actually profitable and not just busy.

Resource

Throw away all your receipts!
Yes, you can throw them all away after you’ve scanned them into Neat Receipts. This handy tool is operated by scanning all of your receipts using a portable scanner into your computer or laptop. The software can produce expense reports or you can import the information from the receipts into your accounting software such as Quicken or QuickBooks. Once the receipt has been scanned into your computer you have a digital copy so you can through the receipt away.

About the Author:

hi this gurpreet before you . i am 22 years old and working for private company. technoflickers

Being a waiter involves hard work. It requires much physical energy and the ability to work long hours. Although the job of a waiter is quite demanding, the pay is not that great. Most waiters or waitresses get minimum wage as their base pay. Why do so many people like this job you might ask? It’s the tips. The wages paid by the restaurant are just the bottom of the bucket for a waiter or waitress. The real money is made from pleasing the customer who repays their service with a tip or gratuity. If a waiter or waitress is outstanding at their job, there is no telling exactly what they could make in tips.

So how important is it for a waiter to always write down the order? It is imperative! When relying on the customer to tip a waiter, there is no room for mistakes. A mistake might cost him or her ten dollars, a mistake he or she can’t afford to make. Most errors are made due to miscommunication with the customer. Either the waiter or waitress didn’t hear the customer right or he or she didn’t get the correct order to the waitress pad. Either way, the customer is always right.

When writing an order on a waitress pad, the waiter should make sure he understands the customer completely. If he or she has specific requests or instructions pertaining to their meal, the waiter is responsible to note it and make sure these requests are met. If a meal comes back to the customer and is not satisfactory, the waiter or waitress will be at fault or at least that is what the customer thinks. It is essential to gather all details from the guest regarding his meal. Once again if the customer feels the waiter or waitress didn’t do their job, there’ll be no tip.

If the order is not written down correctly on the waitress pad, there will very likely be a mistake on the guest check as well. As the customer reviews his check he or she is making sure they are not being over-charged or billed for something they did not have. If this should happen there will be problems, more often than naught for the waiter or waitress. And again the waiter or waitress goes home with five or ten dollars less in his or her pocket. This is disturbing when the waiter or waitress realizes the mistake was made because they didn’t write the order down correctly on the waitress pad and because of this the guest check was incorrect. As a waiter or waitress it pays to be always listening and making sure to always write down the order and not just jot it down but write it down correctly.

If you have worked as a waiter for very long, you have probably heard this proverbial anecdote: Why did the customer only leave a 9 cent tip? Because the waiter wasn’t worth a dime. Don’t let this be you. It’s a simple matter to write the entire order down with all special requests. Keep the customer happy, and they will keep you happy.

About the Author

Find out how your wait staff can improve customer service by using high quality Guest Checks from: www.paperism.com

A stumbling block for entrepreneurs looking to start a business is the lack of start up capital. In the brick and motar business of the offline world, large capital outlays are necessary, thus preventing most people from going into business. Should you lack the financial resources, a great avenue to start would be an Internet Business MLM opportunity. The good thing about the internet is that only a small amount of capital is required to start an internet business, and the profits are very rewarding.

Umlike the franchising business, where one needs to pay a huge franchise fee in order to use the logo, branding, products. business model and systems of the parent company, in an MLM company, you do not have to spend any money to use all the above and yet benefit from the same perks. Once you have registered with the company, you are immediately in business. There is no need to purchase and stock up on inventory because you can order anytime you need some products.

Setting up your business

It is really quite easy to setup your MLM business because in most cases, the company will provide you with a comprehensive step by step guide on how to set up your business and earn an income. Furthermore, MLM companies provide mentors to assist you especially when you’re just beginning. These mentors are usually leaders in the upper echelons of the membership ladder. Because they have been in the industry longer than you have, they will be in a good position to advice you on how to get a quick start to your business.

It is in the interest of these people to assist you because this is a MLM business, whereby those people above you earn overriding commissions on the sales of people who are under them in the membership ladder. Since the people in your team who are in the upper level will benefit from whatever sales that you will generate, they will definitely be willing enough to share their knowledge and help you make money.

Promoting your business

With the business Internet MLM opportunity, there is no elaborate scheme to promote your products and services. Most MLM companies already have a business promotion plan which you can easily follow. The good thing about these business plans is that you really do not have to pay any money to access them. Once you register in the MLM Company, you automatically get the business plan and the tutorial on how to go about setting up your business.

In its entirety, the business Internet MLM opportunity is a good way for you to earn money from the internet. You just have to make sure that when you choose which companies you would want to join in, you first make sure that you are dealing with a legitimate company and have a good marketing system in place.

 

About the Author

Sherman Choo is a “Million Dollar Marketer” and Creator of Internet Cash Generating Machines like make money online with your own Internet Cash Machine complete with Step-By-Step Instructions, visit==>http://www.creditstocash.com

Having your own business is the most dependable way to earn residual income. Whether it be a home based business, a web based business, or just a shoe store on Main Street that you own, having a business is a hefty endeavor and if taken seriously enough, can lead to guaranteed residual income for you in the long run.

If you are looking to generate residual income, consider the benefits of selling or reselling a product, or providing a certain service to the community. It may require a small initial investment of time and money, but the benefits are endless if everything is done right.

Having a business is an excellent way to generate residual income, and more and more people are starting up businesses of their own every day, many of them business that are operated from the comfort of their very own home! Imagine making a living, and getting to avoid the hectic hustle and bustle of a daily commute.

It’s a beautiful thing. With your business, you have the power to determine how much time and work you put into it. The sad fact is that most businesses fail, but the businesses that fail are owned by people who didn’t have something or other right in the beginning. Having a business at home takes many long hours of work and dedication, at least in the start up period.

To be able to generate the residual income you need and deserve, it is important to keep operational costs low of course but if financially possible, hire a manager or a supervisor, somebody to help you keep track of your finances and your affairs, somebody to run things while you are away or focusing on other things. If your business is going to be secondary to something else, a primary form of employment, having some type of manager system is critical to the successful operation of your business.

Hire a manager that you trust, someone who can give you the necessary updates you need whether it be throughout the day or the week, to keep your mind at ease so you can focus on the background work, and on improving your financial future. Try not to put a whole lot of effort into creating or maintaining your product or service if you are finding that you don’t have the amount of business you wanted.

If people are not utilizing your services, or buying your product there is no reason to continue selling it. Ensure that people are educated and informed of your business, and work on promoting it before you start thinking you are out to earn big bucks your first week.

Having a business is a huge responsibility, but the payout is immense if you put your mind to the grind and get dedicated about it. Soon enough, you will have the money you need to take that vacation you have always wanted, and more time for the family at the same time.

Opinions differ as to what the top seven stupid mistakes are made by small business owners. But one must remember that a business, no matter how large or small, lives or dies by its ability to stay profitable. When a small business owner makes an unwise choice it is because he or she is not thinking in terms of profitability and calculated risk. They are taking risks but leaving the calculated part out. Basically this means that the risks the small business owners are making are not well thought out and can have disastrous results on a small business. Here are some common stupid mistakes made by small business owners that reflect unwise decisions at the moment:

1. Doing business with the wrong people. New small business owners are so excited about getting their enterprise started and tend to not want to turn any work away whatsoever. This is a big mistake. All it takes is one customer who picks at everything yet doesn’t want to spend a dime to destroy you. When you have a customer that does this, drop this person. Let him or her go to your competitors. It is not worth your time or effort. They will suck the very life from you and your business. They will scream, complain, and threaten but remember, they don’t want to spend a dime on anything so they won’t hire a lawyer to sue you either.

2. Chasing bad money with good money. What this means is over-investing in some idea or project that is risky. Never put all your efforts and resources into the same project. It is insane. If that project fails, you’ve lost everything.

3. Not taking the proper security measures. This is where you release products or services without reasonable assurances of payment from your customer. An example of this would be releasing a fully-licensed version of software to your clients without any payment. You are just opening up yourself to having that software stolen and never paid for. Make sure you release software as demo versions until paid for.

4. Not paying your taxes. In the United States, you could go to jail if you do not pay your self-employment taxes and Social Security taxes for your employees if you have any.

5. Letting a customer run your business. Remember that you should never put all of your eggs and resources into one project or customer. But quite often you will get one person who thinks he or she can tell you how you ought to run things and usually these are the ones who have not paid you a dime and will probably be late paying if ever. Take charge of your business and schedule things out. Never let a customer demand you put them first. By the same token, strive to treat everyone with courtesy and respect even if they are difficult.

6. Not having enough money to run the business. Your operational expenses need to be prioritized in your budget. That means creditors have to take a back seat. If you don’t have the money to keep running your business it will die. There are monthly operational expenses you have to budget and plan for such as telephones, office supplies, service fees, utilities, and other cost centers. Identify them and plan for them.
7. Being dishonest. Don’t tell people you can do things that you know good and well you can’t. It will catch up to you in the end and destroy the reputation of your business.

These are just seven mistakes but the list could go on. One mistake not mentioned in the seven but it is the first one small business owners make all the time is failing to have fun. When your small business is no longer fun then you need to see what is wrong. Sometimes it means just taking a day off.