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The Importance of Good Business Connectivity

Business communication is important to success and can also allow for a healthy and well run workplace. Computers and the Internet are growing with importance towards business operations. The communication between businesses, work colleagues, clients and consumers has been made easier and has led to greater opportunities to be more productive. As this has happened the importance of good business connectivity has grown and it is now nearly impossible to run a successful business without a server and connection that allows for a business to fully integrate everything that the Internet has to offer into its practices.

Connectivity is an important part of the modern workplace for many businesses and can mean the difference between a slick well oiled workplace and one where problems abound and upload speed and reliability can leave businesses struggling to fulfil their potential.

Good business connectivity can make all the difference to businesses allowing for day to day tasks to be dealt with quickly and efficiently by staff whilst causing the least amount of stress. The importance of good business connectivity is vital in allowing a good upload speed which can be critical if your business often sends important documents to existing and potential clients as well as colleagues as most businesses invariably do. If uploading takes a long time on your servers and your business is impeded by this you could do no worse than to look online for alternative options that could provide you with the upload speeds that you require and deserve.

Business connectivity plays a part in many aspects of a company and a good server can mean that online webinars or business meetings can be used with ease by your business allowing for a company to make the most of the Internet and the opportunities and platforms that it provides for businesses to network and share information without the need to leave the office.

If your business needs to share regular information over the Internet a poor network and service provider could make what could be a simple task a very hard one. Making sure that the business connectivity you have suits your company and allows you to be the best you possibly can be in a competitive marketplace can really give you one up on your competitors and place you in the perfect position to succeed.

Your business should consider contention ratios when looking for business connectivity as this can be a crucial factor in connection speeds. The less amount of people using a line results in a higher bandwidth for your business. If connectivity is important to your business operations, you should consider a Leased Line. A Leased Line offers a contention ratio of 1:1. In short this means that if your business uses a 2Mb Leased Line you will receive a 2Mb connection. Compare that to a 10Mb connection with a contention ratio of 50:1 where you will only receive 200Kb bandwidth with a much lower security level.

Reliability has become a key word for the modern business. Services that have regular problems and hinder the work of the company cost time and money and could ultimately lead to slowing of work processes leaving workers at their desk but unable to complete even the simplest of tasks. It could also lead to the loss of important files or data that are stored on the network, something that could be easily avoidable with a good service provider and secure and reliable servers.

To find good providers of business connectivity it is well worth having a look online to find the service that will best suit your business and its needs allowing for a productive workplace.

How Do Best Home Based Businesses Fail? Transforming Your Business Into a Hobby or Charity Work

In a previous article “Why Some of the Best Home Based Businesses Fail – Small Sweet Spot” we discussed the foundation relationship between basic business elements of Compensation, Qualification, and Gratification. What happens when one factor is missing and two are present? In this article we discuss one of the delusions resulting from having two of the pieces, gratification and qualification but lacking compensation.

• Gratification + Qualification – Compensation = Hobby/Charity

If you are qualified and gratified, but not compensated, you should acknowledge that your “home business” pursuit may be a hobby or perhaps charity work, but it is not a business. Even non-profit businesses must receive sufficient financial resources from sales or donors to support the operations and staff compensation for business continuity. If this is true for “non-profits” then certainly a “for-profit” home business must make more money than it costs to operate. That includes paying you for your time investment. Abundance of love for the “business” is not enough. Money is the life blood of business.

Don’t delude yourself by calling your hobby a business or vice versa. Be realistic, does it make money, or cost?
Indeed, many people have successfully converted hobbies into viable businesses. However, the transition between the two is uphill work and requires functional knowledge of, and adherence to, sound business principles. It is not enough to be the best pie maker at the county fair. Running a business is less about making pies and more about making money.

Don’t confuse the two. Hobbies don’t require a financial payback to exist. With a hobby you are free to spend as much resource (effort, time, money, enthusiasm toward perfection, etc.) as you are comfortable without expectation of compensation. You may find pleasure in your hobbies and charity work without the expectation of profitability which should be a prerequisite for a home business. The hobby-to-business conversion requires a bottom line approach and business discipline for financial sustainability. For example, your hobby might be cooking and your guests may rave about your secret hamburger recipe and suggest you ought to “take it on the road” because it’s better than “_____ “(you name the fast food restaurant). Intuitively, anyone can make a better tasting hamburger than the host of major fast food franchises, but it is their business system, training, cash flow requirements and management, product consistency, quality control, and other fundamental business practices that distinguish the success of the “big ones” from your new business – Awesome Burger Inc.

Being novel isn’t enough either. Unique products and services come and go. Your brilliant invention will consume a tremendous amount of money and time taking it to market with substantial risk. And, because a single sale is not enough, business sustainability requires the sale of one or more products or services to a demanding market on a regular basis.

Continuous sales, and even better repeat sales, are the fountain springs of cash flow and are the fuel that keeps the business thriving. The failure to recognize the importance of positive cash flow (adequate compensation) will inevitability lead to failure of the business. If a hobby is mistakenly believed to be a business, the irrational response, will be to infuse more money to keep it going when the fundamental model of compensation is flawed. If cash flow is unreliable, the business will fail regardless of the skill. The cold hard fact is, business without cash flow = bankruptcy. Moreover, if you are unable to pay yourself and all the money goes to keeping the business alive with no reasonable hope of change, perhaps it should fail.

As often as the hobby to home business conversion ends in failure, despite the sincerity of the owner, perhaps more heartbreaking is the reverse situation, a viable home business that through neglect or indifference declines on a path to a hobby, then “bankruptcy”. A hobby is very friendly and accommodating. It does not impose expectations of performance. It allows you to show up when you want, participate with as much or little attention or commitment as you want, and achieve the level of quality you please and because there is “no skin” in the game and no requirement to be “successful” or profitable there is no accountability. People, who have a home business without the basic discipline and commitment to run it like a business, have deluded themselves and effectively convert a potentially profitable venture into a hobby. Those who treat their business like a hobby will soon find that it has made the transition.

Tragically, people often make the mistake of unintentionally converting a business into a hobby after they have made substantial investments of time, finance, or personal and emotional commitments to a home “business” with the expectation of return on those investments. Due to “neglect” they soon see their “capital” erode, lose their investment, as well as damage their relationships, certainly their confidence, and then blame the business and finally wonder, “Where did it go wrong?” From the beginning, it was their failure to discriminate their hopes from aspirations, their dreams from actions, and a hobby or charity work from a the needs of a business. It pays for you to be honest with yourself. Is this a business or just a hobby? Know the difference and make the right choice. Mind your own business! No one else will.

Create a Framework for Your New Planning Business

When building your wedding planning business, it’s important to make time for administrative work. Creating a framework for this work will make it easier to implement and get done. Problem is, there’s so much to do, it may be difficult to see the big picture. I have three simple steps to get you started.

When a new planner begins coaching with me, one of the first things we do is create an organization chart. This helps to paint a nicely compacted picture of all the different things that need to be done in her business. We include all the positions/job titles in a traditional, small business and then we add the tasks that would be completed by each position.

Now, because you are flying solo (for now), your name will appear in every single section on this org chart. I know…sounds like a lot of work…but realistically, you ARE the person who needs to do it all. At least in the beginning.

The good news is, documenting it in this way helps to give you focus and clarity on what you need to do as a new business owner.

The second thing we do is to create a schedule of everything that needs to be done in a typical week. Blocking out chunks of time for similar tasks gives you the flexibility you need to work “on” and “in” your business which is just as important as doing “client” work.

For some new planners, this means including a regular 9 to 5 job. Let’s face it, more than likely, you are starting your business by building it during evenings and weekends. I don’t like to call it “part time” because if you are as ambitious as I think you are, building your wedding planning business is a 30-40+ hour per week job. There’s nothing part time about that! This schedule will also help you to make sure nothing is missed and that you stay on track with the goals you’ve set for your new business.

And finally, the third important first step in creating the framework of your new planning business is to create your business plan outline. Notice I didn’t say, “create your business plan.” It’s sounds so daunting and a little scary, I know. I said, “create your business plan outline”, not “write your business plan”. Creating a formal business plan can be a long process. I worked on my plan for almost a year before I felt ready to launch my business. Starting with an outline will give you the framework for a comprehensive and more traditional business plan, when the time comes to write it, which is very important for any business.

Now? The REAL work begins. You have a framework for your business and it’s time to put a plan into place.

What else are you struggling with in your business? Have you setup your systems for when you get that first lead? You DO want to be ready BEFORE that first bride calls, don’t you?

The Before the Bride Business Planning System is a 10 step program developed to help wedding planners start their businesses the right way…to become business owners and not just hobbyists. It comes complete with step by step exercises, worksheets and audio files to guide you in building a planning business that’s ready to accept new brides. To get it, visit the services page at AspiretoPlan.com.