The problem stems from delayed invoicing. You perform a job, send an invoice, then get paid 30 days later.Waiting to get paid can make it difficult to get by and when a customer doesn’t pay, you can risk everything.
The hiring process can take several days of your time. You only hope you can offer an attractive package to get the best people on board and retain them.
Not having enough time to take care of what you need to do.
Proper budgeting and planning are critical to maintaining cash flow.
You know you need to delegate or outsource tasks, but it seems every time you do something gets messed up and you have to redo it anyway.
You can save yourself a ton of time by pre-qualifying candidates through exclusive help wanted ads that are ultra-specific in what it takes to be hired at your firm, as well as what the day-to-day work entails.
Choosing What To Sell
You know you could make a mint if you just knew what products and services to sell. You’re just unsure how to pick a niche.
Make time by If any tasks do not mesh with your goals, eliminate them. If any tasks do not absolutely have to be completed by you, delegate them
You don’t know the best way to market your products and services. You want to maximize your return on investment with efficient, targeted marketing that gets results.
Find good employees and good outsourced contract help, for starters. You might have to pay a little more for it, but the savings in time more than make up for it.
Have researchers conduct market research and create a report with suggested niches, backed by potential profit margins and a complete SWOT analysis: Strengths, Weaknesses, Opportunities and Threats.
All you need is a core marketing plan: what marketing activities will you undertake to motivate purchases? Give your planner a budget and tell them to craft a plan that efficiently uses that budget to produce profits.