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Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
The Biz Question
Six Essentials Every Business Owner Needs to be Successful
Answer from our Guest Expert Kandace Heller
Running a business is a handful. For most owners, everything they have depends on the success of their business--and that's a lot to risk. There are a few things every business owner should own that will make business transactions and life a little less stressful.
Quality Laptop
The laptop is probably the most useful tool that a business owner could have because you can do just about anything with it. Owners who run an online-only business can literally accomplish every task using a laptop including: communication, advertising, ordering, hiring, and more. Think of it as the command center of your operations.
Smartphone
Business owners are in charge of their own livelihoods. They must take the reins and ensure that everything goes as planned day in and day out. That requires good communication. Connecting with suppliers, employees, partners and financial institutions is much easier with a reliable smartphone. Mobile phones from Bell Canada also offer owners many of the benefits of a laptop computer such as internet access and on-the-go word processing. The blackberry 10 from Bell.ca is an excellent option that's perfect for most business owners.
Reliable Vehicle
Running errands is something that we all have to do on occasion whether we own businesses or not. Business owners just tend to have more errands to run than the average person. If you provide certain services like consulting or home repair, you may need to travel frequently and possibly long distance as well, so buying a reliable car should be on your list of priorities.
Business Insurance
Bad things can happen when you least expect it. When you own a business, unexpected occurrences usually mean bad news, and sometimes they're unavoidable. Although you can't plan for these incidents, you can prepare. Getting business insurance to cover for accidents, property damages, and more is a way to avoid going into debt to cover an unforeseeable accident.
Accounting Software
Keeping track of your spending is crucial to the success of your business. It's necessary to be aware of how every dollar is spent so that you can allocate your funds for optimal results. With accounting software, you get access to a number of advanced tools for managing your finances so that you won't ever feel lost again.
Drive and Passion
There are a lot of material things that would benefit your business, but the most important thing that you could have is true determination to succeed. Running a business is hard work, and it could take years before you see any profit. You'll have to put in every drop of effort you have to make it there.
Working hard is good, but working smart is better. For the best chance at maintaining a successful business, you need the right tools to get the job done. That means having both the right attitude and the right equipment on hand at all times.
Have a biz question of your own? Go post it in CyberSchmooz
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