Making Money in Small Business by Controlling Expenses

dollarsWhen it comes to making money with a small business, there are two general principles to keep in mind. First, you have to produce a quality product and attract enough customers to sustain the operation. Second, you need to manage the company’s resources so that expenses are kept as low as possible. This lean operating model will help to stretch your collected revenue and keep the company on sound financial footing.

When it comes to managing your expenses, one key strategy is to order supplies so you have what is needed but not a lot of additional inventory. A larger inventory means more taxes to pay. By making sure that the supplies and materials needed for production show up just before they are needed, they are quickly turned into revenue producing finished goods. While it can take some effort to arrange delivery schedules with your vendors, this one approach will enhance your monthly bottom line significantly.

You also want to eliminate waste in your production cycle. Evaluate the way raw materials are used in the process and make sure just about everything goes into the finished goods. In terms of time, make sure that employees are working efficiently, since this will mean more goods produced per hour. More goods produced in less time translates into the ability to fill orders faster and receiving payments from customers sooner rather than later.

Even a small business that is efficiently operated has some room for improvement. Take some time to step back and see the operation from a different perspective. At the same time, ask your employees for ideas on how to make the operation run a little smoother. You may be surprised to find that the people who handle the same tasks each day will have some great suggestions on how to increase productivity and make the company even more successful.

Purpose, Process, People-Lean Frog

According to Lean Frog (, your business needs to concentrate on purpose, process, and people.

Purpose: In order to successfully reach its goals, which customer issues will the company handle?

Process: How will the company evaluate all of its processes and ensure that every step is important, proficient, accessible, sufficient and flexible. But, be able to do it in a manner in which all of the steps flow together perfectly?

People: How will the company make sure that each process has someone who is accountable that can measure each value stream for its goals and streamlined operations? How can the company ensure that each person who comes into contact with a value stream will consistently do it in a manner that emphasizes maintenance and improvement?

According to Womack, all carpenters have to have an image of what they are going to produce before they can successfully use a hammer. In a similar manner, all lean thinkers must have an image of what needs to be done before they can use their resources. Womack also says that the best way to do this is to think very long and hard about purpose, process and people.


Vision is a vitally important quality to cultivate, because life is really just a series of problems, challenges, trials and disappointments.  – Bill Hybels

The Yellow Pages are Dead!

Dead I tell you. They have tried to revive their business model with and offer online directory listings and search engine optimization services. Probelm is, they are not very good at it. Read More

How Small Businesses Can Make More Money

Times are tough these days, especially for the small business owner. With downsizing, outsourcing and customers spending less, this is the time when many owners struggle to make ends meet. However, even though times are tough, there are plenty of ways to bring in customers, and even get more.

You don’t need to downsize in order to make money, but you have to be practical about your business. Take a realistic look at your inventory. Are you buying products that are sitting on your shelves and not selling? Do you have inventory in the back that haven’t seen the light of day for awhile? One way to get rid of the unsold products is to have a sale. If you have internet clientele, a good way to get people to buy is to send out emails telling people about these sales. You could also include special discount coupons. These can include money off their purchases if they bring in the coupon, or use an included code. This can also bring in new customers, by offering incentives for those that come in with their friends or family. Maybe include a money off coupon for any new customers that show up with them.

Read More

Using a Translation Agency

FLS proved information for this post. Foreign Language Services is a translation agency in Huntsville, AL.

Five reasons businesses rely on a  translation agency: Integrity, Accuracy, Reliability, and Consistency.

Every industry has lingo. Human translators with experience speaking, writing and reading a target language understand how to translate lingo. A machine translation, or a newbie translator, just can’t deal with lingo, or slang. Imagine the fiasco of inaccurate content on your website or a poorly translated legal contract.

One advantage or using professional translators is certifiable integrity. It’s important that you take care of your reputation, which is yet another reason you want the certifiable integrity of a professional translation agency

Reliability is important to every business. It’s important to be able to get the same quality of work, on schedule, every time.  Bilingual friends may be a source of help but you can’t depend on their timeliness or on doing a great job every time.

Consistency is a must in translation.  Translation agencies will have a vested interest in pushing their translators to provide you with accurate, high quality work of superior integrity in order to keep your repeat business

Find a translation agency that can offer the caliber of services you expect at a price you can afford. If you can provide consistent business, there are services willing to provide exactly what you need.

FLS proved information for this post. Foreign Language Services is a translation agency in Huntsville, AL.

Public Speaking

Local clubs and professional organizations are a great place to advertise your business. Recently I was asked to speak on a local radio show. This led to speaking in front a woman’s business organization, etc. Get yourself out there and promote your business. Helping local charities is also a good way to get out and meet people, help the community, and give a presentation at events. You may not get as many leads at charity functions as you would at trade shows and conventions, but you will create a positive image for your business in the community. People are recommended because they are local or because they are involved with a charity. Charities make it in the local press which can mean good PR for your business. I also recommend this article from Lean Frog on using Lean to get PR.

The point of all this is to get out in the community and make yourself, and your business, visible. The more people see and hear you the more they are likely to want to hear you speak. I’m assuming you have something interesting to say.

Benefits of CDR Media

The term “CD-R” refers to a CD that allows you to record files. Originally CDs were only recordable by companies with major resources, whereas now anyone with a CD-R drive can do it.Writing files to a CD has a large number of benefits for businesses of all sizes. These benefits include-Easy TransferIt’s easy to transfer files from one computer to another using a CD-R. It’s especially useful to use CDs in this manner when the files that you need to transfer are too large for email attachments. The portability of a CD-R also means that it won’t be cumbersome to move the CD from one location to another the way it might be with a portable hard drive, for example.


It’s also very useful to use CD-Rs in a backup capacity. In the course of running a business, it’s often essential to make sure that certain files, often in the form of records, are backed up properly. In the past, this often took the form of actual physical paper files. But now, it makes a lot more sense to have electronic versions, especially since the amount of data that one CD can hold can be equal to an entire filing cabinet full of paper. Read More

Hurt My Shoulder at Work

This might not fit in as a business  post but when you do a lot of typing and you’ve hurt your shoulder you hunt for all cures.

If you have sustained an injury, then you are likely going to need shoulder surgery. During the time between the injury and when your actual surgery takes place, you will need to be sure that you follow the advice of your shoulder surgeon. Depending on the amount of damage, the surgeon may also suggest holding off on surgery. If that is the case, these items can help to minimize the pain you are having.

The first thing that you will want to do is to avoid lifting anything heavy. Depending on the amount of damage you have sustained, you may even want to avoid items more than ten pounds. In addition to this, you are going to find that unless absolutely necessary; you will want to avoid lifting anything above shoulder level.

On the items that you lift before your surgery, you will want to be sure that you keep everything close to your body. Avoid lifting out and do what you can to keep the strain off of your arms as well. This can help you to avoid some pain. Read More

USB Active Extension Cable

When you are in the market for a USB active extension cable, you had better make sure that you understand all about the all-important extension cable length. It all comes down to how you figure out your USB extension cable maximum length, but remember this. In the future, this will likely change, just like all things in the world of technology. In other words, a reliable maximum length today will eventually become obsolete in the future.

The maximum length of the extension cable will actually be founded upon two very important pieces of criteria: the purpose for which the cable is going to be used and also the specific kind of cable. In cases where the actual cable fails to come with an active repeater chip, then it is clearly going to belong to the passive category of cables and will thus be about 16 feet in length. For some people, just having 16 extra feet for an extension cable is naturally not going to be nearly enough. For these people, they should look into buying some active USB extension cables. With active USB cables, though, you are still going to be limited somewhat, though by not nearly as much as the passive cables. Active USB cables can give you up to 80 feet of additional length, which ought to really be satisfactory in most cases. Read More

Page 1 of 3123»