No doubt that last couple of years have been a big economic challenge for all businesses. The one thing for sure to remember about the economic downturn is that you, as a small business owner, will get no bailouts if you get into trouble. Although the economy is a little better we still have some challenging times ahead in the future. My guess is that we will be digging out for the next couple of years minimum. So What should we do to protect our portion of the marketplace. Here are some basic ideas that I know you already are acquainted with but maybe need to reconsider:
1. Review, update and work even harder to retain the customers you already have by making sure your pricing, customer service strategies, and product delivery efforts are over the top. Don’t just think about it!!! Get your staff together to review and develop new strategies going forward. Your customers are having economic problems also so make sure you give them every reason to spend their limited funds on your products.
2. There are few small business quotes that had more impact on me then, “Innovate or Die” did. Look for new ways to stay in and grow your market. Look for new product lines, new marketing strategies to grow the business, more efficient delivery systems, and ways to improve on service.
3. Do a current break even analysis and do a product pricing review to make sure that you are staying up with your competition. Make long term pricing strategy changes where necessary and take a look at short term pricing strategies that will help boost your identity within your target customer group.
4. Do an organizational review of contractors, staff, and all associated expenses,and make adjustments where possible. This is one area you should be looking at each time you do a quarterly review of your business.
5. In a small business relationships are important both for long and short term success. Create a plan to involve you and your staff in areas that will create added credibility and loyalty within the community where you are doing business. Make sure your business is registered and you are filling your taxes even when making loss. You can search business online using sites like http://secstates.net.
I’m sure there are a lot of other good ideas but we have used these as our first tier objectives in efforts to improve our revenue stream and grow our business long term.
Hi, my name is John Hoff and like you, I’m an entrepreneur.
Our company and website is a little different than the typical “we can incorporate you” website, so I’d like to talk about that first and then below the three of us will tell you a little about ourselves.
About Our Website & How We Got Started
If you’ve been website surfing the different “We can incorporate you” websites for more than about 5 minutes, you’ll notice quickly that our site is quite different than the others.
This was not done by accident, I assure you.
It was a game we use to be in, but these days we provide more private coaching for a select few.
We are a family of 3 entrepreneurs (mother, son, and uncle) each with our own talents, more on that below… but for now, just know that I’m the “online entrepreneur”.
I designed this entire site myself, wrote most of the business articles, and the one thing I wanted to make sure and do was give our site a personal feel.
Listen, I’ve been to those other incorporation websites, and you know what, they just suck. Yep, there you go–I’m not afraid to say it. We have, however, partnered with a company who we like and takes care of incorporation and business filings for our visitors and customers.
Years ago we use to work for companies which incorporated businesses.
We dressed up in suits, chatted on the phone with clients, all the while a floor boss would walk around offering up extra cash bonuses for anyone who could make a sale in the next 10 minutes.
I’ve even been told to sell things my clients really didn’t need just so the company could make a few extra dollars. I remember that day… that was the day I said“forget this” and began my journey as an entrepreneur who’d be his own boss and work from home.
I mean, hey that’s the dream of most entrepreneurs, right?
I know you don’t know me from the next guy, but I’ve been very fortunate to grow up in a wonderful, loving family–and those good ethics guide me in everything I do as a person and businessman. So I set up a website, teamed up with my mother, Theresa Hoff, and began helping new business owners get their business structures set up properly and with no hassles.
But I have to admit something to you.
I learned that even though I knew a lot about setting up business structures and my mother could set them all up, many of the entrepreneurs who contacted us had tons of investments and assets which needed to be sealed up and protected as best as possible.
Yes I know a lot about business structures and asset protection strategies, but you know what…
…there was one person who knew even more than me, and he too was itching to get out of the corporate offices and simply get real with people in his own home-based business.
So at a family BBQ one day I pulled my mother’s brother (my Uncle Al) aside, had a chat with him, and now we’re the 3 home-based business entrepreneurs who’s site you’re reading now.
We worked for awhile incorporating businesses just like our partner BizFilings does, but eventually moved on to advice and coaching.
Okay, so let’s tell you a little about ourselves; I mean after all, I did say I’m an online entrepreneur so surely I can back that statement up, right?
Who Is John
Well, that’s me… I’m the guy writing all this stuff. I also authored many of the articles on our site about business structures and business related topics.
Rest assured, though, I’m probably the one who knows the least about business structures and asset protection strategies.
Like I said earlier, I’m the online entrepreneur while my mother and uncle are the corporate and business structuring gurus.
I was born in Southern California but have lived here in Las Vegas, Nevada for most my life. I graduated from the University of Nevada Las Vegas back in 1999 (6 years full-time) and hold degrees in Computer Science and Mathematics.
Years ago I use to dabble in flipping real estate, but these days I make a lot of my money through my online endeavors. I am part owner of a WordPress hosting website and I also have a blog in which I blog about making money online through blogging and affiliate marketing.
In addition to that, I’ve also written an ebook called, WordPress Defender, in which I show WordPress bloggers how to secure their blogs (i.e. websites) against hackers. I have a number of other niche websites as well… this, however, is my only family-owned business and thus is very dear to my heart.
Who Is Theresa
Theresa was born in Southern California and moved to Las Vegas in 1984 where she worked for the Hilton Corporation as a legal assistant under a few of the Hilton’s top attorneys.
When Park Place Entertainment took over, she became a Paralegal and certified notary and worked directly under Park Place’s contract’s lawyer. During this time she traveled around the country getting her certifications in managing stock options for the Hilton/Park Place’s top executives.
Following her brother, see below, she joined him in the business and asset protection field. While Al structured the companies, Theresa filed the actual corporations with various state’s Secretary of State, put together corporate compliances and resolutions for newly incorporated customers. In other words, she got it all filed and put together.
She now enjoys working from home, as do all three of us, and helping people just like you structure their businesses for joint ventures, tax incentives, and asset protection.
Who Is Al
Al is the top gun and our secret weapon when it comes to corporate structuring and asset protection.
Also originally from Southern California but now living in Las Vegas, he’s a former L.A. police officer and has worked in the business structuring and asset protection field for over 15 years.
Al’s primary focus at first is to make sure he has a clear understanding of our customer’s wants, budget, needs, and current asset/business structure. From there he does a full analysis of where you stand and puts together a plan which is tailored to you specifically.
Are You Ready To Get Started?
If you’re ready to set up a business structure of your own, contact our partner BizFilings. They can even answer any questions you have. If you prefer to call, here’s their number: 800-981-7183 and Mention Code #A2055 on the phone so they know where you’re coming from.