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  • a challenge is that Cash flow is essential to small business survival, yet many entrepreneurs struggle to pay the bills (let alone themselves) while they’re waiting for checks to arrive. Part of the problem stems from delayed invoicing, which is common in the entrepreneurial world. 
  • Cash flow management
  • a challenge is that The hiring process can take several days of your time: reviewing resumes, sitting through interviews, sifting through so many unqualified candidates to find the diamonds in the rough. 
  • Hiring employees
  • Time management
  • Time management might be the biggest problem faced by entrepreneurs, who wear many (and all) hats.
  • a solution is that  Proper budgeting and planning are critical to maintaining cash flow, but even these won’t always save you from stressing over bills
  • Delegating tasks
  • a challenge is that 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.
  • a solution is that Find good employees (see above) and good outsourced contract help, for starters. You might have to pay a little more for it, but the savings in time (and the resulting earning potential) more than make up for it.
  •  Choosing what to sell
  • a challenge is that 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.
  • a solution is that Time management might be the biggest problem faced by entrepreneurs, who wear many (and all) hats.
  • Marketing strategy
  • a challenge is that You don’t know the best way to market your products and services: print, online, mobile, advertising, etc. You want to maximize your return on investment with efficient, targeted marketing that gets results.
  • a solution is that Find good employees (see above) and good outsourced contract help, for starters. You might have to pay a little more for it, but the savings in time (and the resulting earning potential) more than make up for it.
  • a solution is that Admit that you’re weak in identifying prosperous niches, and delegate the task to someone who is strong in this area. You don’t have to hire a huge, expensive marketing firm; rather, recruit a freelance researcher who has experience in whatever type of field you’re considering entering (retail e-commerce, service industry, publishing, etc.). 
  • Give your planner a budget and tell them to craft a plan that efficiently uses that budget to produce profits.This is not the time for experimentation. You can do that later, on your own or with the advice of your marketing strategist, after you’ve established a baseline that works.
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