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Posts Tagged ‘planning’


Adding Long-Term Projects to Day-to-Day Management

July 8th, 2010 ::

When you run a business, it’s necessary to pay close attention to the day-to-day details. Any other approach can quickly lead to to be without a business at all. But by keeping your eye on the ball, it’s harder to manage long-term projects. Something like planning a major marketing campaign or the purchase of a new location can be time intensive and tough to manage — especially if you’re only in the planning stage and you won’t start acting on the project until something happens, like an increase in revenues. But it is possible when you have practical strategies to handle the matter.

Make a Map

As you being planning your long-term project, it’s important to map out the steps that will get you all the way through the project. It’s also important, as you go along, to mark off what you’ve finished: One of the difficulties with most long-term projects is not just making sure that you know what needs to happen next, but also being aware of what’s already been completed. Especially if there’s significant time passing between different steps of your plan, keeping good notes on what you’ve already done can make the difference between moving forward and redoing work that is already complete.

The mechanics of managing such a plan and tracking your progress can be made simpler by using software, particularly when using an option that offers the ability to go back and look at tasks you’ve already completed. If you find yourself able to delegate some portion of the project, it’s also important to be able to show what has been completed and what is yet to be down.

Maintain Motivation

Beyond simply managing your long-term project, it’s not uncommon for motivation to be a problem. Especially with a project that may not pay off for months, convincing yourself to do a little every day or week — recommended by many managers as the easiest way to get big projects done — can be an uphill battle. It’s so easy to fall in the habit of thinking that you have all the time in the world to complete a project and push back even little steps.

Whenever possible, it’s important to build in motivation and milestones in a long-term project, especially if you want to add some components to your daily responsibilities. The motivation can depend on your approaches and your business. It can be as simple as creating a regular reminder of the value of completing your business or it can be as complex as creating a disincentive for not completing your work. By creating some sort of penalty, such as paying into an office kitty on those weeks when you don’t complete your work load, you may be able to focus on the tasks that build up to a long-term project, even when knowledge of the benefits aren’t enough to keep you moving. It’s simply a matter of considering what motivates you as an individual as well as a business owner.

Image by Flickr user Joe Lanman

Three Key Things to Start Your Business on the Right Track

January 8th, 2010 ::

This month our theme across our blogs is “Planning/Starting Your Business”. To kick that off here on Grow Smart Business, we have a guest contributor, Richard Greenberg of “State of the Startup” to give some great advice on starting up.

bla07031So you’ve decided to start a new business? Congratulations! Let’s be sure you start on the right track in your endeavor.

First, we will assume you already have your idea, you product, service or profession. And moreover, let’s assume you already have sufficient capital (money) to create your business, and last long enough to pay your personal iving expenses and the costs to run your business until profitable. If you are single, this can be tough, if you have no other source of income. If you are married, and your spouse or significant other has a steady job, this usually makes things much easier and less stressful.

Where do we go from here? Well, having just your idea or product does not make a business. You need to consider these 3 key things:

1. Company Name: There are several local, state and federal agencies where you should check to see if the desired name for you business is already in use. The County Clerk-Recorder, the Secretary of State, the Federal TradeMark office, are most important. Looking on Google, and checking domain URL availability is not an official, legal check of business name use. If you are simply using your own name, such as in freelancing, then searching name availability isn’t typically necessary.

2. Type of Business Structure: From the simplest Sole Proprietorship, to the more complex Corporation or LLC, any business needs to be officially established, founded and registered with the local or state government. Just saying you have a new startup company holds no clout legally nor financially unless your venture can show verifiable existence through some government department as proof. Yes, this includes paying filing fees, though they are often modest. In some areas, $25 gets your business registered, and in others, it may cost $200 to $300.

3. Address: For the registration of your enterprise, no matter how small, you need a physical address to indicate to the government. You don’t need a huge live/work loft or high-rise office. Even just a co-working space at one of many shared office spaces around the country would be sufficient, as long as they allow you to receive mail there.

Once you have these 3 items completed, which can take a week to ten days in most cases, you’re solidly on your way. Other items which would then need to be attended to typically are:

  • Obtain a Federal Tax ID
  • Open a Bank Account
  • If hiring employees, open the state and federal employer ID/Withholding Accounts and Unemployment Insurance
  • If selling merchandise, obtain a State Sales Tax/Reseller permit

Remember, not all ventures start out complex and costly. The simplest and least expensive scenario is the Sole Proprietorship, where you yourself run all aspects of the business and perform all work personally. Then, as your product or service needs grow, change the business structure, move into bigger headquarters, hire employees and then the sky’s the limit!

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rgreenbergRichard Greenberg is a startup advisor in San Francisco CA, founder of SeedPort and www.StateofTheStartup.com , and has over 20 years experience of business formation, management and speaking.

His specialty is working with California-based companies, Corporate, LLC and Nonprofit startups. Prior to SeedPort Inc, Greenberg was founder and CEO of CaliforniaCompany.com, a startup service provider which operated between 1999 and 2006. He is on twitter at @RGreenberg