Networking, Sales, Financial & Legal Considerations

Well its been a busy week with me feeling very enthused after my two week practical training in Featherstone. I am straight back into my books and have completed modules 20 / 22.

• Increasing Sales
• Financial & Legal Considerations
• Networking 

So lets take a look at each in turn starting with increasing sales, we all know that a business doesn't just happen and that the amount of blood, sweat and tears that it takes to make a successful business is endless, so knowing what your strengths and weaknesses are is paramount so we can learn and develop successful strategies to turn ourselves into confident and successful businesses. Understanding the market your about to enter and having realistic idea of the market share and competition in an ever changing market. obviously pouring endless amounts of money into advertising may not give you the desired result and could leave you out of pocket so careful consideration  is the key here.

Financial & legal considerations. This is a very important part of pre-business thinking because if you get it wrong, "lets not go there" i cant stress enough the importance of this module and the need to take good legal advice before venturing out into your business life, my advices is to get the best accountant and legal representation you can afford and keeping accurate books yourself. As a practical exercise i am doing this now even though i don't intend to start my own business just yet, good office practises is a must and its better to get a good understanding of the use of spreadsheets, databases and word processing now rather than struggle when the time comes to start your business as time will be at a premium then.


And finally. Networking, this is not the most obvious of subjects as the whole idea of networking is somewhat vague, so what is networking ? consider how many people you have already met during your lifetime, they are your ready made network team, no matter how busy you find yourself it is important to make time for friends and family they are your best advocates then there are the people outside that circle that you have daily contact with ie: your newsagent or the person you talk to wile walking your dog in fact anyone is a potential member of your network team so the way you present yourself to the outside world should be considered, Always be polite and professional and never be dismissive you could be let work pass you by!
Its also worth considering joining a local networking group in your area even if it means giving up even more of your time the rewards of such an endeavour are excellent.


That's me done for another week thanks for reading I'll be back next week to talk about modules 23 and 24

• Owner's leadership and delegation skills
• Tools and setting up a workshop
  

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