Category: Business

Writing an SEO budget should not be a huge task if all rules regarding the SEO budget are considered. Just like the seo company in thailand, everyone at home does what they want, more would be missing, but I think these points are critical when writing a budget:

1. Monthly cost: so you know what you are going to pay monthly, regardless of the actions taken.
2. Delivery of reports: in any way, it is essential to have information on the evolution of the project.
3. Monthly meeting: if an agency does not communicate with the client. We are going wrong. That is why it has to be within budget.
4. DNA: or confidentiality agreement on the analysis data or business model.

What should not have a budget?

I believe that abuse is never the solution, neither for one party nor for another.

• A commitment of permanence

It seems to me an impudence to have someone under a contract of permanence.

If a person as a client does not want to continue with a company, I see it entirely logical that he can leave it in the same month of service.

• Variable price items

I have seen budgets that include variables in the price, and from my point of view, this is very dangerous.

Whether it is finally charged or not charged in the monthly instalment.

• goals

Securing objectives is illusory. I understand correctly that a client asks what the objectives will be achieved, but in SEO we are not fortune-tellers, and when I see that someone assures some position it is because he will probably use black SEO techniques.

When someone asks me about the objectives, I always say that everything possible will be done but that Google will decide. It is already the client’s business to decide whether or not to trust when hiring, but it is preferable, to tell the truth, that something we cannot guarantee. Even if we get the first position for a customer, that does not mean that it automatically has more sales; There are many factors at play that escape SEO strategy.

Every female business owner confronts the issue at some point in her career: to vacation or not to vacation? The answer to the question lies not only in whether she has enough time and money to take a few days, or even a couple of weeks, away from her business, but also, in whether her mindset will allow her to do so. Because each entrepreneur has her own set of beliefs, habits and characteristics, each entrepreneur will make different considerations when thinking about vacationing.

A recent study reveals there are five distinct types of women in business. Based on professional market research of more than 2,500 women in business, this study shows that each type of business owner has a unique approach to running a business and therefore each one has a unique combination of needs. This article outlines three of the five types and provides tips for taking a break – and keeping business running smoothly meanwhile.

Jane Dough is an entrepreneur who enjoys running her business and generally, she makes a nice living. She is comfortable and determined in buying and selling, which may be why she’s five times more likely than the average female business owner to hit the million dollar mark. Jane Dough is clear in her priorities and may be intentionally and actively growing an asset-based or legacy business. It is estimated that 18% of women entrepreneurs fall in the category of Jane Dough.

Jane Dough is what many people would consider a “natural born entrepreneur.” She has a clear vision for her business, and is very successful by traditional standards. In fact, 15 percent of Jane Dough business owners own million-dollar-plus businesses, and 22 percent of the women in this group earn $100,000 per year or more. Members of this group report high levels of satisfaction with business ownership.

Jane Dough’s success and personal satisfaction are due to her ability to prioritize and to stay true to her boundaries. Therefore, she is very likely to make time to vacation – and to really be able to check out and relax. She may bring her laptop and check her e-mail from time to time, but her ability to stay true to her boundaries means she can step back from her business and take the time to truly enjoy herself.

One of Jane Dough’s challenges is that in her desire to achieve growth quickly, she may over-delegate authority. She may hand implementation entirely over to her team, trusting team members to plan and execute without significant input. Therefore, when it comes to vacationing, Jane Dough might provide team members with a to-do list and expect them to carry it through to completion before she returns. The speed with which this type of entrepreneur operates sometimes leaves team members in need of a little more clarity. So Jane Dough needs to be sure to slow down enough to provide detailed instructions and clear expectations before she turns off her phone. Then, once she’s gone, she needs to make herself available periodically so that her team members can get any answers they need.

The other day I came across a social media site and noticed an old post. Someone was asking a question about how to value a business. Ten people were good enough to answer. I was not surprised when all 10 replied with completely different methods on how to value a business. You have to assume that people taking the time to answer the question were reasonably confident that they knew the correct answer. It made me wonder where they actually got the information from and how much confusion this subject creates with almost everyone including accountants and business brokers. I can hear you asking how to go about establishing the asking price of a business.

This is the method a Business Broker will use to determine the asking price of a business.

The method below is used by business brokers to determine an asking price for a small business; it is based on the adjusted net profit using the most recent profit and loss statements. The business broker will look at all the business expenses to see what they can add back to profit. This is referred to as add backs or recasting. The adjustment is made by adding back to the net profit all the non essential or discretionary expenses not necessary to run the business to show a more accurate net cash flow for the owner.

The business may also have unaccountable business expenses. A good example may be the rental expenses, if the business owner also owns the freehold and is only selling the leasehold you would need to ensure that the rental expenses are correct and adjust the profit if necessary, in this case it would be adjusted down.

Once this number is determined, the next step a business broker will take is to multiply the adjusted net profit, usually by 2.5 times, and they have an answer.

Let me give you an example of business broker method.

Business A; Established 12 years, trades 9-5 Mon-Fri with consistent sales, strong industry growth, selection of quality suppliers, and abundant customers etc.

Business B; Established 2 years, operates 7 days a week, sales are inconsistent, cut throat industry with aggressive competition, and it only has one customer.

Both businesses A and B show $100,000 adjusted profit after the owner operator wage is taken out. The business broker will then use the same multiple on both businesses i.e. 2.5 x $100,000 = $250,000. This will include stock, the written down value of the plant and equipment and the goodwill.

Having been a small business owner and consultant for twenty-plus years, I had the opportunity to learn from my own mistakes, as well as, seeing the business failings of others. I have learned that there are definitely reasons why a small business fails; why some are successful; and why certain types of people are more successful business owners and entrepreneurs. The good news is most successful small business owners had many failings before achieving a level of success, and the object of this article is to identify their (and my) mistakes.

Lack of Capital

When starting a business, an entrepreneur needs to first bring sufficient cash to the venture. I recommend a minimum 10% of the total funding amount to come from Owner’s Equity, with 20% being optimum. Having a strong equity stake in the beginning of a Company’s life makes acquiring the additional capital much easier and less expensive.

Strong Owner’s Equity shouldn’t stop after a Company’s start up stage. A Company’s strength in Retained Earnings is key to growing the Company, seizing on market opportunities and obtaining future finance. If you lack owner’s equity capital, there is additional undue pressure on a Company’s cash flows, making it increasingly hard to obtain the appropriate funding.

Lack of Business Knowledge

Successful entrepreneurs are typically well read. They are always striving for more knowledge and take advantage of the wealth of resources offered through business schools and, as importantly, read other successful entrepreneur’s books. A Business Degree or MBA is a helpful foundation but gaining knowledge from those who have found success is critically important to understanding why businesses fail, as well as, spawning new ideas and markets.

Inexperience

Inexperience ties in with Lack of Business Knowledge. Business Knowledge can be acquired in school, through books and magazines, and via experienced business owners. Business Experience is the critical and common link between successful entrepreneurs. Inexperience costs money when mistakes are made. Make too many mistakes, and you are out of business. Mistakes are a natural part of the business learning curve, however, minimizing them is very important to stay in business. I highly recommend going into a business which you have experience and passion while seeking out those who have been in the same business for a time and reached a significant level of success. Experience comes with time, but you can also learn from the mistakes others have made before you. Cultivate business relationships, mentoring opportunities and networking events and forums. I can’t tell you how many times spending time with an experienced entrepreneur has paid off in spades, in my business life in so much as, what not to do, as what to do.

How long have there been home businesses operating in the United States?

Home businesses date back centuries in the United States. Of course, many of the first business owners in the United States ran their business out of their homes – blacksmith shops in barns, candle making at home, and carpenters working from home work shops, just to name a few. As towns and cities became urban centers, these businesses were either replaced by new technology or moved into store fronts to service customers.

Home businesses were never completely extinct. While the bread winning businesses may have moved into retail outlets, women kept the business market alive by adding to the family budget through their home projects. Many women took in laundry, altered clothing, and sold jams, jellies and other craft items from their home. These women may not have been making a fortune, but they were certainly creating viable businesses.

The home business that we recognize as a “true” business got its start in the ’60s and ’70s. This period was the golden age of business with the introduction of multi level marketing companies like Tupperware, Avon, Mary Kay, and Shaklee. While many business executives scoffed at these businesses as mere methods for women to earn a little “pin money”, they soon changed their tune after following a few pink Cadillac’s down the highway.

The success of these companies and others like them paved the way for the businesses of today. The introduction of the Internet just made home businesses that much more viable. Now people were able to work their chosen career from home, or start a whole new career.

How many home businesses are there in the United States?

The number of home businesses in the United States has exploded in the last decade. Recent surveys indicate that there are 38.7 million households in the United States with some form of a home business. Of that number, 21.8 million businesses are actually generating income.

It may be surprising that only 57% of the home businesses are generating income. Remember, you have to factor into the equation the number of people that have a home business as a “hobby business”. These home businesses are owned by individuals who choose to work merely a few hours a week or month. They are often not concerned about the amount of money made (their primary income isn’t dependent on it), but instead use the business as entertainment outlet. And of course, there are some people that become involved in fraudulent or scam home businesses, or their business simply fails. Still, the majority of home businesses are generating an income that individuals can rely on.

Gen Z also is known as the post-millennial are born in the era of technology. They are still very young. The oldest members of Gen Z are students graduating from college or started earning. For every decision, they access social media apps or internet browsers to explore facts. Kids of today are the future consumers of tomorrow. Their choices, ethics, values, likes, and dislikes are different from millennial. For Gen Z, life is always Wi-Fi enabled; they can’t imagine their lives without computers. To make them brand loyal, companies need to interact with them to make it convenient for Gen Z. 

Even the millennial are technologically dependent, but Gen Z have internet in their pockets. Gen Z would be the future workers and consumers, hence, companies need to be ready with super internet technologies to attract the growing kids. 

Gen Z focuses on interaction and feedback

Working with Gen Z means to be creative, interactive and engaging. To be with Gen Z, companies need to focus on connection and adequate feedback. The new generation has learned to solve problems through DIY and watching videos. It is expected that seeing their parents and grandparents, i.e. Gen X and Gen Y, Gen Z would be more responsible for spending money. 

Gen Z is the most culturally diverse generation. One unique quality of Gen Z is that they accept differences of being ethnically diverse. They believe in human connection, social mission, inclusion, and diversity. They thrust on change and flexibility. Some of the peculiar traits of Gen Z are that they like to exchange information 24×7, they can shop anytime, they like to work virtually, and they want to enjoy working at workplaces. Hence, companies must analyse their lifestyle, choices, and opinions of Gen Z to make them loyal customers. 

The sales funnel building software is sure to cause a significant difference in the business scenario. The sales funnel comes with multiple branches like upsells and downsells along with the offers. The funnel has the best enticing features to lure the attention of potential clients. The software is designed appositely for the convenience of the buyers. Things are made easy with clickfunnels actionetics price. The funnel will offer the clients different things at different points of time based on specific market activities. There are solutions the buyers take to when moving down the funnel. The purpose of the funnel builder is to gather maximum profit.

Perfect Structuring of Clickfunnels

The structure of the software like Clickfunnels can be anything from complex to simple. However, it is only about making sales and having lead conversions. The funnel works fantastically with the integrated features. It enjoys perfection in model and execution. The process starts instead with the low commitments. There is a specific clickfunnels monthly cost. Based on the price, you can decide best in matters of sales and purchase. The customers are ready for the more significant transactions with the advancement in their progression through the funnel system. At the point, you don’t have to request them for business. They would be glad to join the convoy.

Development of the Visitor

With the sales funnel, the visitor develops from the position of mere lead to ardent item purchaser. The funnel system warms up the point of sale. After the journey is over and you cover the funnel stages successfully, the big purchases are made to happen. There is also the concept of secret funnel formulation. Once the system is perfect, things start working automatically. Once you help the clients, they will start thinking about you. They are sure to help you in the sales process. Click here for relevant information on the software.