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E-Myth – “Why most small businesses don’t work & what to do about it”

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Edmonton Accountant | Doing It Right The First Time

Starting a business with sales immediately can be a wonderful dream for many entrepreneurs, says Edmonton accountant, however it could very well be just that, particularly for new entrepreneurs, a dream. It takes a lot of knowledge and a lot of hard work in order to retain a lot of sales and profitability.

Edmonton accountant says that before you even open your business you should be able to know your business, your product and your services upside down and inside out. Do the homework so that you may be able to guard against any objections that any of your clients may have now or in the future. You should potentially be the expert for your business. Make sure that you take out all of the variables of unknowing and potential hiccups that you may have if you are doing presentations for small businesses.

small business owners, especially first-time small business owners will have huge goals. However, they don’t often put the work into making those huge goals a reality. Before you know it it’s been a year into the business and they haven’t sold anything. The reason for this is because they don’t do their marketing and social media homework. Oftentimes the reason why they have to do this is because they don’t, upon having a brand-new business and just opening it have the money to put into a marketing strategy.

What happens usually when starting out at a small business you usually have more time than money. You don’t have the customers coming in yet and people even heard about you. This is the perfect time for you to enter into a social media strategy for yourself and attack his many people and businesses as you can to walk through your front doors and to buy from you. Edmonton accountant warns against being too pushy at first however, understanding that you definitely need the money, a better idea in retaining a customer for life would be just to be slow and steady. Do not push the customer into sales and just work with them and their timeline.

However, you can definitely guard against and work with their objections. This will be far easier for you if in fact you decide that you know everything about the product or the business.

Start by going through all social media. You may be able to get at least some relationships that will remember you for the next and they need some work. There are many platforms with which you can engage in measured communication with prospective clients. Bear in mind, that people are buying to generally solve a problem. Attempt to pinpoint their problems and be able to solve their problems with your product or your business.

You may do this with one single piece of paper. Write down all the benefits to your business, be it to bit benefits or 200 benefits. Make sure the most important benefits specific to the business that you’re talking to are on the top.

Edmonton accountant asks what is least amount of capital in the least amount of time that you can submit to before you lose your business and your future? People often say why shouldn’t they be doing any market research in learning about who could be the prospective clients. Market research is a wonderful tool however can be a little bit tougher entrepreneurs. Edmonton accountant guards against this by saying that could be particularly tough for new entrepreneurs. The quicker you can get to the multiple viable product and the least amount of capital expenses the least amount of time or money that is, your pocket the better.

Do not expect the customers to come running through your door looking for you. You must look for them first. Reach out in the old-fashioned way by phone and direct phone sales, phone your likely buyers, etc. Or you can use social media which is a wonderful networking and advertising marketing tool with finding out going to networking events, going on the social media platforms to advertise your business, etc. Once you have made whole much of connections, you may ask to definitely meet with them. However, don’t do this at first see if you can start a relationship with them. After relationship emerges, then you might be able to talk about getting them in as customers. That way they already trust you, and they may as well very immediately trust your business and your product as well.

Once you have talked to them then make sure that you have set forth and planned a meeting. This will give you chance to present who you are and what your business or your products are. However this is where all the hard work comes in in that, says Edmonton accountant, you have to be very prepared, and no your business, your product, your service, and your client very well. Have a piece of paper ready with all the benefits of your products or your service. Pay particular attention to the benefits of your product or service to how it can help that particular business. Those points should be at the top of the page so that you do not forget them in those will be one of the first ones that you will mention to the business owner.

It can also be expected that customer be it at the beginning, of your interaction, at the beginning of your presentation at the end of the presentation that they will say no. That will allow you to refine your product, you’ll get feed back about your presentation and your product and you can update your one sheet. This will also allow you to understand what their objections are and you may be able to talk to them about their objections and be able to help them to understand why your product or your service will guard against those objections. If they don’t ask for the sale present them with a solution.