Running a World Class Business From HomeBusiness From Home · What Does It mean to Run a Home Based...
Transcript of Running a World Class Business From HomeBusiness From Home · What Does It mean to Run a Home Based...
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Running a World Class Business From HomeBusiness From Home
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What Does It mean to Run a Home Based Business?
• Work either at Home or from Home
• Balance business & family responsibilities
• Work alone or very small team - isolation
• All departments lead to you
• Many large profitable businesses were started at home
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Why I Pine for the Daily GrindWhy I Pine for the Daily Grind
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What Makes a SuccessfulHome Based Business?
• Same elements as any successful business
– Great Service & or Product– Strong Business Plan– Value Proposition– Great Positioning & Marketingg g– Strong Execution – Great ROI for Business Owner & CustomerGreat ROI for Business Owner & Customer– Monitoring & Improvements
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How can BEC Assist you?How can BEC Assist you?
The Business Enterprise Centre’s mission is “helping business in our community tois helping business in our community to
grow & prosper”.
Not for Profit funded by all local, state & y ,federal government
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BEC assists local biz by:BEC assists local biz by:
• Delivering– Free Confidential Business Advisory Services y– Practical Business Tools eg Business Plans, Marketing
Plans, Financial Plans
– Business Training Workshops – Mentoring – Business Introductions– Information Dissemination– Networking Events– Member to Member Referrals
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Is it lonely at the Top?Is it lonely at the Top?
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Do you need someone who is excited about your business?
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Would you like to know what business grants are available?
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Business Advisory ServiceBusiness Advisory Service
For start up & established businessesA f bj ti f i l & fid ti l– A free objective, professional & confidential advisory service to assist you to grow your b ibusiness.
– An extensive referral service to local professionals, (Accountants, Solicitors, Insurance, Marketing, IT)
– Service is focused on building business gsuccess over time .
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What Makes a SuccessfulHome Based Business?
Strong Business Plan
“If you run your business by
Strong Business Plan
If you run your business by guesswork, without practical and definite plans, you are like a ship without a rudder. Sooner o late o ill end p onor later you will end up on the rocks.”
Napoleon Hill, “Think and Grow Rich”, 1937
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Business PlanBusiness Plan
Provides a link between the business goals and objectives and how the business isand objectives, and how the business is operated
A more systematic approach to managing a businessa business.
Allows better use of resources.Enables monitoring/measuring of progress
against objectivesg j
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Lack of Planning could lead to this!
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Instead of This!!!Instead of This!!!B i Ad i S iBusiness Advisory Service
Business Plan templates
Business Plan Workshops
Networking breakfasts withNetworking breakfasts with business topics and tips
Financial Management reports thatFinancial Management reports that keep business on track
Advice re HR and Government compliance
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What Makes a SuccessfulHome Based Business?Great Positioning & MarketingGreat Positioning & Marketing
Does your biz stand out from
crowd? D ff t ROI? Do you offer great ROI? Do you provide great customer
service? Are you easy to find? Do you know who your ideal
t ?customers are? Are you communicating with
them in the right way?g y
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What Makes a SuccessfulHome Based Business?
Strong Execution Monitoring & ImprovementsStrong Execution, Monitoring & Improvements
Do you have clear and efficient admin procedures in place?
Do you understand the Do you understand the financial drivers of your biz?
Have you delegated tasks to others?
Have you allocated time to work on the biz and not in thework on the biz and not in the biz?
Do you monitor regularly & act di l ?accordingly?
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Do you need help to think outside the box?
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How do you become the Expert Your Business Needs?
Attend BEC workshops Read business magazines &
booksbooks Network with other business
owners Attend BEC Briefings &
Breakfasts Read BEC and others business Read BEC and others business
newsletters Become a member of the BEC
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Membership benefits?Membership benefits?
Discounted rates to all BEC events & workshops Listing in BEC Business Directory on BEC website Post business articles on BEC site with your business contact & Post business articles on BEC site with your business contact &
link to site Free Direct Marketing to BEC network via Member specials Inclusion on referral sheet used for Business Advisory Service BEC Logo with words “Proud Member of” for your site I it ti t b l f ti & t Invitation to members only functions & events Reduced hire rates for BEC Training & Board Rooms Free usage of BEC interview room on designated days Free usage of BEC interview room on designated days Free access to Dunn & Bradstreet Business Who’s Who database
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Upcoming eventsUpcoming events28th May Legal Issues for Managing Your Business28th May – Legal Issues for Managing Your Business
3rd June – Networking Breakfast Miranda RSL
9th June – Starting a Business
10th J W b M k ti St t i10th June – Web Marketing Strategies
11th June – Marketing & Sales Forum
18th June – Networking Breakfast Penshurst
23rd June – Hire Manage Fire – Doing it the Right Way
9th July - Business Planning, Create you own Visual Business9 July Business Planning, Create you own Visual Business Plan
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YOUR BEC – business resources in our community
www becsmallbiz com auwww.becsmallbiz.com.auTel: 9545-5900
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Running a World Class Business From HomeBusiness From Home