Winning in Small Business is as hard as running a race in the Olympics, actually I think harder, but the interesting fact is that the traits to succeed in small business are the same ones athletes use to succeed in any sport. Essentially the ten traits small business owners must have to succeed are the same ones we all must have if we ever think that we will achieve something in our lives.
Trait 1: Know Your Purpose
The first trait all small business owners must have is to know their purpose. First and foremost what is it that you want? What is it that youu want to achieve? Once you know what your purpose is then this will be the force and motive behind you taking this journey.
Trait 2: Have a Desire to Succeed
How many people do you know want to win Lotto? Probably a lot … Did you know that most people who win the lotto actually spend every cent of it in the first 12 months? Why, because they have not got a desire to use this money to succeed. To be truly successful you must have the desire to want it so bad that you will do anything to achieve your objectives
Trait 3: Have Faith That You Can Achieve What You Want
Just like an athlete, you must have faith that you can and will achieve your objective. If you do not have faith that you can achieve success in your business, then you will simply give up when the things get tough and let me assure you as a 10 year veteran in small business, things at some point will get tough and you will skate along the edges of losing everything. You may even fall over the cliff, but you have to have faith to climb up the cliff and continue on your journey.
Trait 4: Have a Clear Plan
Without a plan, you will simply be like a lost animal in the wilderness. Let me ask you this,do you go on holidays without a plan of what you want to do and where you want to go? Absolutely not, because you would simply be lost and would probably see and do nothing. It amazes me though how many small business owners plan their holidays more rigorously than they plan their small business. Remember the old clich
Archive for August 21, 2011
Small Business – Ten Traits All Small Business Owners Must Have To Be Successful
Small Business ERP Software
Enterprise resource planning is a business management system that integrates all facets of the business, including planning, manufacturing, sales, and marketing. As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP in business activities such as inventory control, order tracking, customer service, finance and human resources.
Small business are usually family enterprises and hence not too many of them use ERP software as they have an accounting system in place. Many companies provide ERP solutions to small-sized business houses. Few players in this field are Microsoft Business Solutions, NetERP, Compiere, and The Intuitive Enterprise Solution.
Microsoft Business Solutions has recently offered to provide ERP solutions to small and medium sized businesses. This would connect the small and medium sized businesses with large organizations, their employees, customers and suppliers for improved efficiency.
NetERP is an ERP solution from NetSuite. It is a business application that supports back-office operations. This can manage financials, purchasing, inventory, Web presence and payroll with the ERP components that are compactly integrated.
Compiere is an Open Source ERP software that suits small-to-medium sized enterprises (SMEs) in the global marketplace. It covers different areas like Customer Management, Supply Chain Management and accounting.
The Intuitive Enterprise Solution is an ERP software application that helps small and mid-size manufacturing businesses achieve increased productivity and at the same time, lower costs. Intuitive ERP focuses to build flexibility and control, organizes information and also automates business processes across an enterprise. This product offers complete integration of planning and materials management and procurement. It also facilitates reduction in cost of manufacturing and financial business processes and thereby improves productivity, quality and control.
It is believed that accounting systems can manage a small-scale business effectively. However, the trends are changing today with many small enterprises investing in ERP, as it is cross-functional and enterprise wide.