Just click on each of the links below to view the Mini Blogs:
Cut It Out
Find Time For Everything
How Did You Do That?
No, You Do It
Protect Your Online Image
A Computer Never Forgets
The Business Satnav
No I Can!
Can I Have The Bill Please?
Write It Down
The Computer Lost It
The Anti-Social Media *NEW*
There's heaps of material 'out there' in books and on websites, that explain all the ins and outs of small business managment. Our Mini Blogs really just aim to get you thinking about your business - to give you some core ideas so that you will then go and find out more for yourselves.
If you're a small electrical business, and if there's just one, or even two, of you your time spent on the tools is what makes you money. However, it's the time spent on tasks like marketing, quoting, invoicing and cash flow management that make sure you produce a profit at the end of the day.
Never, ever, neglect or delay those tasks - it can only end in tears. On the other hand don't spend all your time managing and not enough of it doing. Rule of thumb, 10% of your work time on marketing and 10% on managing the business is somewhere around the right level.
These proportions will vary somewhat as you grow, and on things like your job mix and how tough your local market is. You'll get to know what's right for you simply by ensuring you keep everything up to date on the admin side, and that you have enough work coming in.
The one thing that's always true is that zero is NEVER the right answer! If you let things pile up for even a month you'd be looking at 3 or 4 days continuous work just to catch up - not to mention invoices that have gone cold in the meantime, and marketing opportunities that have been lost forever.
Self employment is a something of a step up from a regular job. There's a bunch of things you have to do as part of the working day. It's pretty clear that, right at the beginning, you need to be out on the tools as much as possible - because that's where the money comes from. But if you don't leave just enough space for all the new stuff, then you will follow the route of many before and be back in a regular job.
There is good news! Pretty well all these new tasks are simple and need few skills beyond basic computer knowledge and simple arithmetic. So don't be daunted - get stuck in - you CAN do it!