All posts tagged micro business

Take Your Small Business With You On Summer Vacation

This post is written by Megan Totka, Chief Editor for ChamberofCommerce.com. She writes on small business news and small business tips and resources. ChamberofCommerce.com helps small businesses grow their business on the web and helps them find their local Chamber of Commerce.

As the weather heats up, the time for summer vacations draws near. It is estimated that nearly half the American population, or 140,000,000 people, will travel this summer.

If you own a small business, you need a vacation just as much as traditional employees but may not feel comfortable totally unplugging and disappearing for the length of your time off. After all, there is really no one who can completely fill in for you during the time you are away from your office, store or computer. There are some ways to find a happy medium, however, and still enjoy your summer plans to the fullest.

Here are some easy ways to make the most of your vacation, and keep your business going strong, this summer. Read more…

MBR: Visuals, We Built This and Branding

micro-business-roundup

Hey everyone! Hope your “unofficial” last week of summer is going well and that you have some great weekend plans either for your business or relaxing with friends and family. In this week’s Micro Business Roundup, our team has assembled five great articles with topics ranging from the Republican National Convention to green jackets.  Have a great weekend and we’ll catch you next week. Read more…

Tips Thursday: Seasonal Demand in Small Business

Since we celebrated Memorial Day on Monday and kicked off summer, the team started discussing how micro businesses experience seasonal demand and how they account for it. For this edition of Micro Business Tips Thursday, we asked our Facebook community if their business relied on seasonal demand. Our favorite response came from Roger Taylor.

Roger says, “Some of our business is seasonal, we cater to the hikers and campers in the spring and summer, in the fall we cater to the hunters. We have been able to bring in more products for year round sale, however, everything we hand make for the most part is spring, summer, and fall. This has forced us to diversify our products for the late fall and winter months. So far it has been successful.”

What do YOU think? Do you diversify your products based on seasonal demand? Tell us in the comments section.

Small Business Spring Cleaning… Organization Matters

Hopefully your first day of March was not filled with snow like ours was in Massachusetts. For this week’s edition of Tips Thursday, we asked our Facebook community: What’s one area of your business that needs Spring Cleaning?

The common theme of the responses was the need for better organization as seen in these two comments:

Paris Alexander Horner -My filing cabinet and my storage room at my shop. Just finished “Spring Cleaning” in the shop, all new paint, lights, some new display fixtures…but the storage area is SCARY! I really need to de-clutter and make my filing system work better for me as well. Hard to do these “less fun” things even though I know they will really help. OK Vistaprint…you have challenged me to get started on these projects! Watch out back room at Eden’s Way…here I come!

Beachbodycoach Shawn Scott – Organization of paperwork! My desk looks like a volcano is about to erupt. Guess I will get to that today.

To help paint a better picture of ways to stay organized we’ll have a post chock-full of great organizational tips for you on Wednesday, so stay tuned!

Micro Business Tips Thursday will return next Thursday, same time, same small business channel.

 

Why did you start your small business?

On most Thursdays we ask our Facebook community a small business related question that we post up for Micro Business Tips Thursday. This week, we are breaking that tradition due to the overwhelming response to why our fans started their business, below is a word cloud from everyone’s answers along with some of our favorites. It’s not too late to have your voice heard, tell us why you started your business in the comments below.

Why did you start your small business?

Click here and here to see all of the responses from Facebook.

Be sure to check our Facebook page next Thursday for your chance to be featured in Micro Business Tips Thursday

Google Analytics reports and dashboards to maximize your small business website

This guest post comes from Samuel Johns, who works on the Organic Search team here at Vistaprint.

In two previous posts, Google Analytics for Your Small Business and Setting up Google Analytics for your SMB Website in 3 Steps, we highlighted the core benefits of Google Analytics, as well as the basics of how to set up an account. In today’s post, we’ll go over reporting, and how to track the performance of your site.

Key Terms
Before digging into reporting, it’s beneficial to define “metric” and “dimension” to further help you understand the reports you’re looking at. (Note: The definitions of “metrics” and “dimensions” come directly from Google Analytics training documentation.)  A metric is a unit of measurement. Examples include number of visits per page; pages viewed per visit; and average time on site.

 

Metrics can appear in scorecards, as columns in tables, or they can also be graphed.

Dimensions are descriptive attributes. Examples include the city or region where the visit originated; source that referred the visit (such as “Google”); and the browser used for the visit. Many of the reports in Google Analytics contain tables. These specific tables usually break up your data by individual dimensions, and each row in the table shows the data for a different value of the dimension. In the example shown below, the dimension being shown is region. Therefore, in this case, each row contains the data for a different region.

Keep in mind: Metric and dimension variables can be changed and moved around depending on how you want to view the data. One suggestion we have is that you spend time familiarizing yourself with the different viewing options to work out which ones work best for you.

Reporting 101

In the top navigation bar (the orange bar in the new version of Google Analytics), you will see a tab called “Standard Reporting.” As the title suggests, this is a great place to start for your basic reporting of the visitors coming to your site.

  • Setting the Date Range — in the upper right hand side of both the dashboard and the reports, you will see the date range for data on the page. With the date range selector, you can choose any specific date range (specific day, month, year, or even a customized period of time). You can also select multiple date ranges to compare two separate periods of time. In the example below, we have the “compare to past” selected.  This offers you the ability to see the performance of your site compared to previous months and map it back to your marketing efforts.  

  • Advanced Segments — Advanced Segments allow you to drill down a little further into the metrics for a specific segment/group of users. For example, if you’re a company that just expanded to another region, you may want to look at the difference between new visitors and returning visitors by location. By checking both boxes for new and repeat visitors, the report will show both data points split out, making it easy for you to compare the two. You’re able to select a maximum of four advanced segments for a given report. This report also allows you to take a look at your how your marketing efforts are impacting visitors to your site.
  • Dashboards — When you first open Google Analytics, you’ll see a dashboard of widgets. Each widget is a high-level overview of the basic reports already set up by default in your account. You can set up multiple dashboards and link to specific reports you create, making it simple to view and store reports related to a specific topic in the one place. To create a new dashboard for a specific set of reports simply click on the “Add to Dashboard” tab located to the right of “Advanced Segments,” pictured above. From there you will have the ability to add the report to an existing dashboard or create a new one. In the image below, for instance, we created a new dashboard titled “Location,” which has the report for my country and regional performance.

This blog post concludes a three-part series on Getting Started with Google Analytics. Hopefully with this brief introduction you’ll be able to start tracking the performance of your website in more detail. Google Analytics only starts tracking your site once it is implemented, and the data stays there over time. So even if you don’t have time today to look at all the data, setting it up could provide you with a lot of valuable historic information so that you can benchmark your site performance to your business output.

Additional resources:
If you’re interested in learning more about using reports in Google Analytics, check out this six minute training video from Google titled “Working with Report Data.”

If you haven’t tried out Google Analytics yet, head over to www.google.com/analytics to get started. If you’re already using it, what do you think about the insights? We’d love to hear more in the comments below.

Small Business Owners — Are You Ready to Retire?

There is no question that you love your business. It is your livelihood and your passion and provides for you and your family. It’s also something that you probably devote a lot of time thinking of ways to improve it and raise profits.

retirementFast forward 20-40 years to your looming retirement. You probably have some grand plans for the days where you don’t have to strap on the tool belt, mix the cake batter or arrange a dozen roses. This could be anything from seeing the world to buying a boat or watching grass grow – it’s your retirement so we won’t judge.

Snap back to the present and your business and the thoughts swirling in your head. Are you preparing yourself for the day you retire or are you banking on Social Security to take care of you? If you answered the latter you should consider looking into retirement plans that are outside of the hands of a government agency and can be taken out of your paycheck pretax. Two of the more common retirement plans for small business owners are the 401(k) and the SIMPLE IRA. Below are definitions of the two plans:

401(K) – A 401(k) is a type of retirement savings account in the United States, which takes its name from subsection 401(k) of the Internal Revenue Code. A contributor can begin to withdraw funds after reaching the age of 59½ years for restrictions before that age. 401(k)s were first widely adopted as retirement plans for American workers, beginning in the 1980s. (Source: Wikipedia)

SIMPLE IRA – A SIMPLE (Savings Incentive Match Plan for Employees of Small Employers) IRA plan offers great advantages for businesses that meet two basic criteria. First, your business must have 100 or fewer employees (who earned $5,000 or more during the preceding calendar year). In addition, you cannot currently have another retirement plan. (Source: Department of Labor)

The US Department of Labor also offers a guide explaining all the options and tax implications for small business owners that is worth taking a look at to help make a decision on retirement options.

What are you going to do when you retire? And are you planning for it now? We’d love to hear in the comments below.

Image - 401K

Giving back to local businesses this Valentine’s Day

Valentone's Day

Image: Wikipedia

Since Valentine’s Day is next week, we decided to ask the Vistaprint Facebook community if they were going to leverage the holiday to market to their customers for this week’s edition of Micro Business Tips Thursday.

It was tough deciding on a top answer, but after some deliberation we decided that Candina Gonzalez Johnson nailed the spirit of the holiday with this response:

“I made little Valentine’s gift bags inside is my business card (with a $5 off sticker), a mini catalog, a fruit roll up with a card attached that says…what would you do with an extra $1000? (My business) is hiring- “roll up” your profits and take them to the bank and a nail file. Taking them to some local business around my area, as a little Valentine Treat!! And hoping for a little business also ;)

Click here for all of this week’s responses.

Will you be using Valentine’s Day to promote your business? We’d love to hear your plans in the comments below.

Be sure to check our Facebook page next Thursday for your chance to be featured in Micro Business Tips Thursday. 

How To Set Smart Goals for Your Small Business

We have all heard the excuses for not setting goals, mainly people don’t see the value in taking the time to really  think about what they want to accomplish in the short-term and how that will affect  their long-term success.  As a small business owner, it is important to set goals as they serve as a guide in making decisions.

The excuses for not setting goals range from I’m too busy,  I know what I need to do, I have been doing it this way and it works or I don’t set goals because I am afraid I won’t reach them.  Here are 7 reasons  why goals are useful and worth creating:

  1. Contribute to the success of the company
  2. Set specific expectations
  3. Create clear measurable performance standards
  4. Self-motivate
  5. Focus on what is important

    We asked our Facebook Fans what their top business goal is for 2012, here is a word cloud of what they said.

  6. Boost job and personal satisfaction
  7. Help to prioritize efficiently

Goal setting might appeal to common sense, but sense in goal-setting isn’t very common. When setting goals make sure they are SMART goals, Specific, Measurable, Achievable, Relevant, Time-bound.

Specific: Goals must be clear and specific. Goals should say exactly what is expected, when and how much. When goals are specific, progress can be monitored.

Measurable: If goals are not measurable, then it is not possible to monitor progress toward successful completion. Milestones are important and should be recognized.

Achievable: Goals must be realistic and attainable, a little stretch is okay but a common mistake is setting goals too high, those types of goals are easy to ignore.

Relevant: Goals must be an important tool in the grand scheme of reaching your vision.

Time-bound: Goals must have starting points, ending points and fixed durations. Commitment to deadlines helps to focus your efforts on completion of the goal on or before the due date.

We’d love to hear why you set goals in the comments.

Additional resources for goal setting

Set Goals, WikiHow

SMART Goal Setting: A Surefire Way To Achieve Your Goals, Goal Setting Guide

 

MBR: Self-Censorship, Green in 2012 and Never Say Never

Money 2This week’s Micro Business Roundup features five articles worth a read. The articles covered in this edition cover a wide variety of topics, including self-censorship and price hike. We’d love to hear your thoughts in our comments section!

9 Things Business Owners Should Never Say – The most vital conversations you have as a business owner might not be those you have with vendors or even prospective clients – they might be those you have (or don’t have) with yourself. This according to a recent Inc. article which highlights nine things business owners should never say to themselves. The piece is full of interesting advice, like not fretting about your lack of capital (“Stop worrying about the capital you don’t have and focus on leveraging what you do have — especially your ‘effort’ capital”), and thinking about more than just customer loyalty (“Loyalty is hard to earn, and easy to lose”). What do you think the 10th tip should be?

More Small Businesses Plan to Push Up Prices in 2012 – If you’re planning on raising your prices this year, you’re not alone. Actually you’re far from it. Entrepreneur.com highlights a small business survey by PNC Financial Services that found that “35 percent of business owners plan to raise prices, while only 7 percent expect to cut them.”  The piece also states that many businesses blame the usual suspects: “higher overhead, including steeper manufacturing costs and employee wages.” One of the big takeaways from the article centers around, not surprisingly, the consumer. How are customers, already used to bargains and discounts, going to react to price increases? We have a few guesses…what about you?

4 Ways to Boost Your Green Business Efforts in 2012 – If going green – or greener – is on your to-do list for your business this year, you’re in luck: Small Business Trends spotlights four simple tactics to help point you in the right direction. The tip we found most inspiring was on getting your customer base involved. According to Kelly Spors, the author, “sustainability efforts are a natural place to involve your customers and can even engender more loyalty,” she writes.  “Make this the year that you take your green initiatives to the next level by better engaging your customers – whether it’s through recycling or donating a small share of your profits to a good cause.”

Whoopie Pies – A Sweet New Gig – Our next pick is a story on CNN Money that takes a look at how being jobless can propel a new dream career. The piece profiles a husband and wife team who, after being laid off in 2008, started brand-new, totally different careers making whoopie pies. Prior to losing their jobs, Julie Ganog was a senior vice president at a bank, and her husband, Alan Mons, was a business analyst. Which leads us to wonder: How many of you started your small business after leaving another successful career?

In The Commoditization of Everything, Adaptation Will Win – It’s pretty safe to assume that no matter what your industry might be, competition will at some point exist. The big question of course is how to beat it. This Fast Company blog is written by a community expert and makes many interesting points regarding the unique ability of startups to go up against the big guys, and win. Why? According to the blog, startups adapt quickly to not only customer requests, but also competition in general. In fact, the author goes so far as to call responsiveness the deciding factor:  “Responsiveness to change is the number one advantage startups have over larger incumbents…the inertia required to get momentum started in a large company is often too great.”

Image: borman818