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  • Renee: CEO Coach & Management Specialist 6:00 am on June 13, 2010 Permalink | Reply
    Tags: bookkeeping, , control, cutting costs, , , finances, , Money Management, save money, ,   

    Hey, StartUp…It’s Time To Add It Up 

    Sometimes for many startup businesses they make many mistakes. Start your small business with low startup costs that you can control. Sometimes some entrepreneurs are in such a hurry to get their business going till they don’t add up the cost to start a business or maintain their business.

    They just dive right in.

    Is that you?

    It probably is.

    So hey you startup biz…it’s time to add up the cost to be the boss.

    You need to learn how to manage your money, track your expenses, startup costs & maintain a budget. If you don’t know how then get help from an accountant, bookkeeper, financial expert or software for bookkeeping or money management. You might even find some free sites on online for money management. If you want to be in business any length of time then it takes money to maintain that business, even if it’s a virtual business. I’m not an accountant, bookkeeper etc….but I do know about business and how to maintain one.

    There is so much that you need to know about maintaining a business and starting up one. But today we’ll focus on start up costs and maintenance costs. Entrepreneurs need adequate monetary support in order to create and run a small business. So where are you going to get it from? Could you get financial assistance from: self-financing, loans from bank, friends or family, private stock issue, partnerships, venture capital, credit cards etc…

    You have to set up your new business the right way to help develop a strong foundation for future growth. Many times that begins with money.There are thousands of tasks that every small business owner must consider and do in order to set up a new business.It is imperative to manage your cash flow throughout the life of your business. No matter what the economy looks like.

    If your cash flow gets out of control or mismanaged, that’s when you’ll want to call it quits or wonder what went wrong. Then as a small business you might want to start filing for bankruptcy. That’s not good, especially when you could have just done things right in the first place. Track your sources of capital and expenses. Like I just stated, if you can’t do it alone then get some help. However, you need to plan wisely and assess your available resources in order to start a low-cost business.

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  • Renee: CEO Coach & Management Specialist 5:27 pm on December 8, 2008 Permalink | Reply
    Tags: , expenses, export, finances, , , , ,   

    Reduce Your Expenses & Lighten Your Load With Outsourcing 

    In today’s business environment there has always been a need to stay more 200195866-001competitive, reduce your expenses, lighten your workload & reduce high employee turnover. Like yourself, many business owners & professionals have been able to accomplish those things through outsourcing. Sometimes you just want to unload your burdens or time-consuming tasks so you can move on to other things.

     

    Outsourcing is increasingly becoming a key business strategy.

    It’s a tried & true method in business.  

    American Express

    It would be to your advantage to outsource many of your back-office functions. When you do it for the right reasons, outsourcing will help your company to grow & increase profits.

    By leveraging the resources of others helps you to gain more balance, focus, organization & helps your business operations or projects to run better in a more strategic & organized manner.
    Total Training - DVD and Online Software Training

    You may be feeling the same pressures that other companies are feeling and that is to improve financial performance. That stems from increased workloads, so you have to do more to make more. With that said, the reasons to outsource expand.  

    Outsourcing can help you to improve on your CRM (customer relationship management).

    When you lower capital equipment costs & labor expenses by passing them on to an outsource service provider, you can free up capital & human resources to focus on core business competencies. You gain a more competitive advantage & for some, that’s more important than cost reduction.

    Outsourcing through Virtual Assistance is on the rise and a great resouce for outsourcing. You don’t have to go far to find Virtual Assistance for outsourcing projects or operations.

    You will have expenses as long as you are in business whether you are successful or just making ends meet. You must be on the look out for ways to successfully maintain your business & reduce your expenses.

    Outsourcing in it’s original context, was a shorter way of saying “the use of outside resources.”  Today it means delegating work to an external contractor specializing in a specific function.

    When you have a well defined strategic plan, outsourcing can be a powerful tool for your business.

    ist1_5370979_buried_in_papersEvery company must evaluate the risks and benefits of outsourcing with respect to it’s own values, core competencies, organizational capabilities and long term strategies. That’s why it is best to outsource with a company that shares the same interests as yours, a company who wants to accomplish the same goals that you have in mind.

    Under the right circumstances, outsourcing entire functions or pieces of a select function can create an effective mix of services. An effective mix of services in relation to your business or projects & using outside resources.

    Outsourcing the wrong business operations or outsourcing at the wrong time could create operation issues, service issues, cloud weaknesses in your companies cost structure and inhibit important aspects of your long-term growth & development.

    Take some time out to reevaluate your operations and services to determine which functions could be outsourced on a permenant or temporary basis. Take into consideration the non-core business functions that you would benefit the most from if they were outsourced.

    Yes, you can implement shared services within your company by restructuring & consolidating internally. But with that comes the added burden of an increased workload on you or your current staff.

    So turning to an outside service provider to manage certain business functions is a viable option. At some point in time, most companies have to face the question of whether or not to outsource. 

    When you seek assistance from a company outside of your organization,to offload a specific task or function, you are outsourcing.

    Entrepreneurs and small business people are always looking for creative ways to accomplish more of their business goals for less money. One strategy that can help you save time, money and frustration as you start and build your business is to outsource as much work as possible to skilled, but cost-effective, external service providers.

    Don’t let the economy stop you from improving on your business. There is a way out, a way to stay afloat & keep business going.

    What are your reasons for not outsourcing & delegating?

    What measures are you taking to

    improve on your business operations?

    ~Author~

    Clerical Business Solutions~”The Innovative Outsourcing Solution”

    Business Management Services & Virtual Assistance

    Renee: renee@clericalsolutionsinc.net     http://www.clericalsolutionsinc.net

    Hot Offers (12.14 - 12.20)

     
    • Kathy Colaiacovo 2:42 am on December 9, 2008 Permalink | Reply

      Very good tips for business owners to consider. There are so many things that take up business time, yet are vital to running the business!
      I also recommend that people looking at the possibility of hiring a VA check out http://www.VAnetworking.com It’s an organization that owners can use to help them learn what traits and info to check out when hiring a VA. It’s also a great place for VAs to network with other VAs. It has info for people on both sides, the client and the VA.

    • Clerical Business Solutions 2:57 am on December 9, 2008 Permalink | Reply

      Hi Kathy,

      Professionals, individuals & business owners should consider other ways of doing business, which will add to their success & improved productivity. They can achieve that through outsourcing.

      Outsourcing to VA-Virtual Assistance is a great resource, no matter what the economy looks like. In a down economy you need all of the help that you can get.

      VA assistance doesn’t subtract from your business it only adds to your business or projects. Outsourcing helps you to gain more control over your business.

      Clerical Business Solutions~”The Innovative Outsourcing Solution”
      Virtual Assistant Services & Business Management
      Renee: renee@clericalsolutionsinc.net
      http://www.clericalsolutionsinc.net

    • SEO Link Builder 3:18 am on December 9, 2008 Permalink | Reply

      That’s right about outsourcing through virtual assistant. To reduce expenses and reduce your work load outsourcing your business is a good thing to do. Keeping in mind that economy is frequent changing so improving also your business make it competitive is the way to achieve.

      Nice blog.

    • Clerical Business Solutions 3:29 am on December 9, 2008 Permalink | Reply

      Hi Seo,

      Thanks, many people don’t know how good outsourcing can be for your business. Provided that you choose the right service provider for your needs.

      A lot of solo-professionals or business owners want to be more competitive, have a larger presence in the business market but stay a small business. Many of them don’t have the time, money or resources to hire new employees or raise the salaries of current employees.

      So they have found beneficial support through outsourcing without raising costs, reducing overhead & increasing profits.

      Clerical Business Solutions~”Innovative Solutions Start Here!”
      Virtual Assistant services & Business Management
      Renee: renee@clericalsolutionsinc.net
      http://www.clericalsolutionsinc.net

    • Victoria 1:38 am on April 28, 2009 Permalink | Reply

      As the economy flounders and the job market sags many individuals are turning to privately owned business. Seeing the CEO’s taking home big fat bonus checks while they are laid off or asked to take pay cuts. The desire to ‘be your own boss’ increases and you venture out with your strong skills to start a business. Many of these businesses are in trouble before they really get started. The small business owner while having exemplary skills in his/her field may not have the necessary business operational skills. The day today functionality of a business can be ignored because the small business owner is busily servicing his customers needs.
      Out sourcing is a great way to insure the business is operating properly.

      • Clerical Business Solutions 3:11 pm on April 30, 2009 Permalink | Reply

        Hi Victoria,

        You’ve made some valid points because a lot of CEO’s of top companies are making it bad for those that work under them: the employees and/or professionals.

        Many employees or former employees of top companies may want to start there own businesses and that’s all well and good. I’m all for entrepreneurship but just jumping into a business is not a wise option. There are many steps to take to start a business.

        Starting a business is one thing but MAINTAINING A BUSINESS is a whole other story in itself. That’s where many people fail at is the MAINTENANCE PART.

        The day to day maintenance of business can get a lot of business owners and employees into trouble. You can see prime examples from what’s been going on in the news. If entrepreneurs/ business owners could get the maintenance part of business together then their business would operate a lot smoother.

        But yes, seeking outsourcing services is a good option for many business owners and professionals. Seeking the services of a business consultant & support service such as Clerical Business Solutions is a wise option.

        The way that a person maintains their business can determine how far they will succeed.

        Clerical Business Solutions
        Business Development Consulting & Project Support
        “Your Single Solution For Total Service!”
        http://www.clericalsolutionsinc.net
        Renee: renee@clericalsolutionsinc.net

  • Renee: CEO Coach & Management Specialist 3:24 pm on April 15, 2008 Permalink | Reply
    Tags: , , , , , , , business coach, , , , , , , , , , , , faith, , finances, , , imports, , , , , , , , , , tax professionals, , , , , ,   

    Watch Out For IRS Scams 

    There are many identity theft schemes that use the IRS name in order to get your personal information. They come to you through unsolicited phone calls, unsolicited emails from the IRS (Internal Revenue Service).  Be careful because you are not talking to the IRS like you may think that you are.

    There have been over 200 complaints about phishing schemes reported to the Internet Crime Complaint Center since 2006. These phishing schemes falsely use the IRS name as bait. Now the scammers have new tricks up their sleeves. They use personalized email greetings, the promise of tax rebates, sometimes threats to get you to give up your personal information. Don’t fall for these tactics.

    Don’t give out your personal information to anyone that you have not contacted yourself. If they say that they are the IRS then call the IRS for yourself to verify their claims before you give out your information.

    Don’t fall for these IRS scams:

    Scam # 1. Tax Refund Emails

    The scammers will use the IRS name & logo in an email to fool you. Contact the IRS if you receive one of these emails to verify if the IRS really did send you the email. The IRS name & logo may look real but look closely at the footer on the bottom of the email it will have a copyright 2008, IRS U.S.A. That may look real but it usually is copied and pasted onto the email. Most scams come from overseas and have a lot of misspelled words, incorrect grammer etc…

    Also the subject line may have “Notice From the IRS” and have IRS in the domain name. Some emails will have a link in the email for you to click in order to claim your refund. Don’t click this link.  If you do it will take you to a fake IRS claim form for you to fill out with all of your personal information. They want your social security number or the numbers of your family members, credit card numbers, address and/ or your bank account information.

    That gives a wealth of information to criminals. The scammers will use it for identiy theft or sell it on the black market. Don’t get so curious to click the link in these emails because you just may download malware onto your computer which will hunt for your personal information. “Curiousoty killed the cat”

    The IRS will not use emails to tell you about your refunds or rebates. If you are expecting a refund or rebate check out the IRS, Where’s My Refund Tool to locate your refund.  Report fake emails & phishing scams to phishing@irs.gov .

    • IRS Tax Forms 1-800-892-3676
    • IRS 24Hour/ 7 days Tax Info, Refund Status 1-800-829-4477
    • IRS Tax Help Line (Individuals)1-800-829-1040,(Business)1-800-829-4933
    • IRS Refund Hotline 1-800-829-1954
    • IRS Tax Fraud Violations 1-800-829-0433
    • National Taypayer Advocate 1-877-777-4778
    • Tax Exempt Government Entities 1-877-829-5500 

    Scam # 2. Rebate Phone Calls

    For many years there have been fake phone callers who impersonate IRS employees. They tell you that you can get your rebate early for filing your taxes early. The scammers will ask for your bank account information and if you refuse then they will deny your refund. That’s a lie so don’t fall for it.  The scammers will use current events in American Government to fool you. They are using the recently passed rebate legislation by Congress as a con.

    If you get one of these phone calls just hang up the phone and call the IRS for yourself to check it out.  Your real notification of a rebate will come in a letter from the IRS not an email.  Checks will start coming out in May.  If you want your money direct deposited you must include it in your tax return.

    Scam # 3. Check Verification Phone Calls

    A fake IRS employee calls consumers telling them that the IRS mailed them a check that you haven’t cashed and ask for your bank account information. The IRS will never call you about not cashing a check. The IRS doesn’t mind if you don’t cash it right away. To see what’s happening to your rebate check out the IRS, Where’s My Refund Tool.

    Lesson To Learn :

    The IRS communicates with taxpayers through the U.S. Postal mail. To report fake scams, fake phone calls and emails to phishing@IRS.gov .

    Scam # 4. Audit Emails

    Audit emails is a new scam which will threaten you or scare you into giving up your personal information. They tell you that your refund will not be granted to you because your tax refund is being audited. It also includes a link to a fake form for you to fill out.

    These emails will greet you by your name. They get this information from social networking sites and hacked computers to target their emails.

    The IRS does not send out unsolicited emails or phone calls.

    Clerical Business Solutions

    Renee-Virtual Assistant  Email: info@clericalsolutionsinc.net

    Web: http://www.clericalsolutionsinc.net   

     
    • 9/11 7:02 am on July 27, 2008 Permalink | Reply

      Man will occasionally stumble over the truth, but most of the time he will pick himself up and continue on.SirWinstonChurchillSir Winston Churchill, 1874-1965

    • 9/11 Truth 6:16 pm on July 27, 2008 Permalink | Reply

      Nine-tenths of wisdom is being wise in time.TheodoreRooseveltTheodore Roosevelt

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