It’s that time of year again, Six Survival Tips for Small Business Owners. Time to dig out the survival kits, check the batteries in your lawn mower, and head to the store to stock up on emergency food supplies and first aid supplies. There is no doubt that after these holidays you will find yourself a bit understocked. Many people make the mistake of buying holiday supplies only a few days before the holiday. This puts a lot of stressed into the holiday planning process.
When this happens there is a tendency for many individuals to overbuy. One of the biggest mistakes people make is stocking up on too much. Sometimes, as an example, you may end up with enough survival goods to last for one whole week. While this may seem like an ideal scenario, it may not be the best one for you. In reality, your supplies will run out long before this happens. In order to ensure that you don’t find yourself in this situation you are going to need to make some intelligent survival planning.
As you may be aware, sales are lower during the holiday season. This is one of the reasons why it is important to have a proper inventory strategy. Your overall profit margin may drop if you don’t properly plan how you will use the extra goods that you do sell. Many small business owners tend to overestimate the value of their inventory. They may underestimate the cost of certain items and underestimate the effectiveness of other marketing strategies. The result is that they end up with a lot of goods that are either not profitable or simply don’t make a cent of profit.
The six survival tips for small business owners that I am about to share with you will help you reduce your overall inventory by at least 25%. You will want to focus on buying used rather than new. If you purchase new equipment you will only be paying full price for the new item. If you buy used you can often times get it for much less money than you would spend on the new equipment.
If you want to learn the six survival tips for small business owners that will allow you to save the most money possible then it is important that you know what to do in case of an emergency. Most people think that they will just wait out a power outage. If something were to happen you could lose everything. It is important to be prepared for any eventuality.
In addition to having sufficient food storage, you should also have a supply of non-perishables. These can include non-perishable food products such as soap, detergents, paper products, and cleaning supplies. You can purchase these items in bulk at your local dollar store or grocery store. Another very important aspect of six survival tips for small business owners is keeping a first aid kit with you. Even if you are not planning to go into the wilderness you should still have a supply of bandages and pain medication.
The first six survival tips for small business owners is to keep emergency numbers in close proximity. This can be found either inside of your building or somewhere outside. Make sure that you have a phone in which you can always call in an emergency. You may also choose to make use of a security camera so that you can see who is at the door before you open it. Having someone video tape your every move is another good way to catch someone in the act.
The other six survival tips for small business owners include learning how to properly cook meals. In order to prepare healthy meals, you should learn how to boil water for foods such as chicken or fish. Even if you do not own a microwave, you should know how to properly cook meals that require the use of this device. If you run out of steam in the process of boiling your water, you should know how to add more water so that your meals are cooked properly.