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Does Your Business Have The Necessary Resources?

Whether you work from home or work in an off site location, you need to do an evaluation to determine whether your business has the necessary resources to make you successful. There are three things you need in order to have a successful business: Working space, materials to function and staff to help make it happen.

When it comes to space: Do you have a working computer? Do you have a desk that is comfortable to sit and and work from? Do you have the supplies necessary to be productive at your job? Do you have the website and online resources necessary to get your business known? Do you have the necessary training to continue to perform at peak levels? Business is always evolving and you need to evolve with it if you want to remain competitive. Constant learning should be part of your business plan. cloud computing

Materials. The materials you need to run your business are the physical materials needed if you’re a manufacturer. They are the materials you need in order to provide a service to your clients. The materials should include your business plan, any licenses you need to operate in the state in which you’re located. The materials should also include onsite storage and backup for your intellectual property.

Your staff, or vendors on whom you rely. You simply can’t do it alone, nor should you try. The smart entrepreneur understands he needs to focus on his core competencies and hire out the rest. If bookkeeping is not your forte, you’re better served to hire a bookkeeper. If you’re not convinced, do this bit of math: take your hourly wage and determine how long it takes you to do bookkeeping tasks. Are you losing money doing your bookkeeping? Are there other core tasks that you’re putting aside in order to perform bookkeeping tasks? If that’s the case, it is time to hire someone, or more than one person, to take off your plate the tasks that aren’t bringing in clients or money.

Do you have what you need in order to be a success?