Best Practices and Strategies for Small Business Success

Best Practices and Strategies for

Small Business Success

A Blue Beetle Books Publication

Copyright ? 2011 Blue Beetle Books

Best Practices and Strategies

for Small Business Success

Vaughan, Ingrid; Business Writer

Dolinsky, Karla; Editor

Published as an eBook original by

Blue Beetle Books.

No part of this eBook may be reproduced in

any manner whatsoever without the written

permission of Blue Beetle Books.

Blue Beetle Books

PO Box 8120, Victoria, BC, V8W 3R8

Tel: 250.920.6923

E: info@



Best Practices and Strategies for

Small Business Success

Table of Contents

Introduction.................................................................................................................................4

EFFICIENCY

Making Minutes Matter - 12 Ways to Create More Time in Your Day...............................5

The Rule of 5..........................................................................................................................7

10 Things to Do When Business is Slow.............................................................................9

Eat the Frog ¨C Effectively Setting Priorities.......................................................................11

Tips on Effectively Hiring Freelancers...............................................................................13

MANAGING STRESS

Stress Strategies.................................................................................................................16

Beating Burnout Before it Begins......................................................................................18

Desk Bound - Maintaining Your Health When Sitting at a Desk All Day.........................20

MANAGEMENT

Committed to Development................................................................................................22

The Small Business Owners¡¯ Management Conference..................................................24

Ten Common Business Plan Writing Mistakes.................................................................26

Getting Your Bank Manager to Say ¡°YES¡±!.......................................................................28

Why Businesses Fail - Spotting the Warning Signs Of Business Failure.......................30

Prince Albert and District Community

Futures Development Corporation

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Introduction

We¡¯re all busy people, which is why the Small Business Success Library

of books is a great way to get your hands on a lot of information, vital to

your success, in easy bite-sized pieces. This anthology will give you lots of

great, hands-on strategies for running your small business.

This ebook is presented in 3 sections: Business Efficiency, Stress

Management, and Business Management.

In the first section, you¡¯ll learn 12 Ways to Create More Time in Your Day,

something appealing to every business owner. The Rule of 5 and Eat the

Frog will help you with goal setting and prioritizing, and 10 Things to Do

When Business Gets Slow will give you some ideas on how to manage

your minutes when there¡¯s not as much to do, so you¡¯ll still get a lot done.

All small business owners manage a lot of stress, so the second section

gives you some great strategies on effectively managing your stress, avoiding burnout, and staying healthy

in spite of the often crazy demands of running your business.

In the third section, you¡¯ll find a variety of ideas to help you better manage your business. Two articles on

development ¨C Committed to Development and The Business Owner¡¯s Management Retreat ¨C will help you

to look at ways to build development into your business plan so you don¡¯t miss out on fabulous learning

opportunities just because you¡¯re a small business owner. If you¡¯ve thought about expanding your business,

the articles on Business Plan Mistakes and How to Get Your Bank Manager to Say Yes will help you to

put together a solid business plan to move you forward. Finally, preparing yourself for failure might seem

like negative thinking, but knowing the early warning signs of business failure really does position you for

success because you¡¯ll see the symptoms long before the terminal illness hits, giving you time to mitigate

any impact.

Small business owners face a multitude of challenges, and we¡¯re always looking for ways to provide

strategies for success. This business strategies anthology will do just that ¨C provide you with tools and

information to lead your business toward growth and success.

Ingrid Vaughan

Business Writer

Prince Albert and District Community

Futures Development Corporation

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Efficiency

Making Minutes Matter

12 Ways to Create More Time in Your Day

A

sk any small business owner what they wish

they had just a little more of every day, and

the answer is probably TIME. In an age where

we have more time-saving gadgets than at any

other time in history, most of us feel we have less

time than ever before. Of course, it isn¡¯t true that we

have less time; there are still 24 hours in every day,

and each of those hours has 60 minutes. We have

just as many daylight hours as we did hundreds

of years ago, only now we also have electricity to

extend our productivity. All of us make choices each

day about how we use the hours in a day, and if

we¡¯re living a balanced life, those choices will reflect

our values and priorities. But many of us, at least

sometimes, find ourselves wasting or frittering away

precious minutes without even realizing it. Those

minutes, added together, could give us extra time to

spend with our kids or family, to get badly needed

exercise or to just utilize in ways to increase our

mental health. If you find yourself constantly running

Prince Albert and District Community

Futures Development Corporation

short on time, here are some tips on how to create

minutes in your crazy, hectic day.

1. Make a ¡°to do¡± list every day and review it

often ¨C there¡¯s no way out of this one. Whether

you¡¯re a list-maker or not, you will be more

productive if your daily tasks are clearly set

out for you, and if you review and revise often

according to how your day is going.

2. Use your ¡°spare¡± minutes wisely ¨C all of

us have them ¨C those minutes you spend

in the bank lineup, waiting at your doctor¡¯s

office, sitting in traffic or driving to and from

appointments, all add up. Whenever you leave

your office, take things with you that you can do

in ten minutes or less ¨C an article you need to

read, the staff evaluation you¡¯ve been meaning to

do, brainstorming to solve a business problem ¨C

make use of minutes that otherwise trickle away.

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