VOA BUSINESS

Basic Business Information

Why Most Small Businesses Fail

Most people who start a business are not professional entrepreneurs. As a business owner you need to see the big picture.  The list of topics you need knowledge of to be successful is overwhelming so most people don’t even know how much they really don’t know.

I am sharing this information in the hopes it helps people build their businesses and become successful. While there is no way to do little more than scratch the surface here, I hope it helps.

If you ever want to grow your business into a real company you need an office. This is the cornerstone of your business and just as important as doing the work itself. If you don’t see the value in having a professional office you will likely not be successful.

Office Checklist

  • You MUST have software to run your business!
  • An office staff is a MUST for success!
  • Your staff MUST be trained to use your software!
  • Answer the phone during office hours!
  • Clients MUST be taken care of at the time they call, don’t allow people to just take a message!
  • Your office staff MUST enter information directly into your CRM and conduct business!
  • You MUST have at least two dedicated office people no matter how small your business!

Checklists For Success

Essentials for every successful business

Professionals - Advisors For Success

 Business Consultant (mentor)
 Accountant (CPA-Tax Specialist)
 Attorney (business law/contracts)

Entrepreneurship

 Self Growth (attitude)
 Healthy Lifestyle (work life- home life balance)
 Self Education (knowledge)

Contract Help

 Bookkeeper
 Office Staff (Virtual Office Associates or similar)
 Website Designer
 SEO & Social Media Management

Business

 What are your fixed costs
 Figure out your indirect costs
 Know your labor costs and labor burden
 What is your breakeven number
 Cash flow management can make or break your company
 Are you prepared for opportunity costs and growth

Get In Touch

Location

Louisville, KY 40291

Hours

By Appointment Only

24 Hour Voicemail

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