Moving and Self Storage Business Trends
Whether the economy is in a downturn or the market is going up, people are always moving. While families are transferring to a larger space, retirees are downsizing to a smaller house. People may be buying a first home or losing their investment and going back to renting. They may also need to relocate due to job or family situations, and Americans are consistently needing extra storage space.
In any case, moving and storage services are needed.
In addition to families and individuals moving and needing space to store their things, larger companies also use these services on an ongoing basis. With both businesses and individuals, what many customers want is more convenience and cost savings. So, it makes sense that we are seeing an upward trend in mobile or portable storage and also cost-effective construction methods.
Mobile Storage Units
Portable storage units are delivered to the customer and then picked up and taken to the new location. The customer does not have to hire a moving company and pay professional movers, nor do they have to own a truck and deliver the load themselves. They can take their time packing and do not have to drive, which takes a lot of the stress out of moving.
Mobile storage services can either pick up and deliver the packed unit to the place of relocation, or the storage unit can be placed in a secure warehouse until it is ready to be picked up. Not only is this moving service a solution for the traditional customers, it is ideal for short-term storage. Home sellers who need to de-clutter and stage a property for sale or who move out of a property before finding a new home are using this service to make their endeavors easier.
movers-Minnesota Moving Company & United Van Lines Agent, Barrett Moving & Storage has been helping people move for over 100 years. Barrett Moving & Storage serves the Minneapolis, Minnesota, Milwaukee, Wisconsin, Chicago Illinois area. Barrett Moving offers household moving, commercial moving, office, industrial, high value & tradeshow shipping and more.
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Business Plans 101
A business plan acts as a road map or compass; without it you will get lost in your business.
The biggest mistake is simply putting it off.
A plan contains a description of your business, an evaluation of your main competitors and several financial calculations.
But why are so many people so afraid or intimidated to write these plans of actions?
Many new business owners are so over-enthusiastic about their business concept, that they are desperately eager to begin and do not have the patience to look at the economic realities involved in their business.
Filling out the many financial forms in your plan can be an overwhelming process for any new business owner. Many are so intimidated by the financial calculations that they want to skip this process. If you recognize either of these tendencies in yourself, it is even more important that you prepare your financial calculations carefully and pay attention to what they tell you. Do not try to get out of it by telling yourself that your financial estimates will be wildly off base and yield useless results.
To alleviate this type of intimidation many have with a plan, it is imperative that Certified Public Accountants, bookkeepers, business plan or financial consultants be a part of your business support team. If you do not have these experts to assist you with your plans, you can take a course in accounting and buy the latest accounting programs.
Other resources to help you write a business plan include books, colleges and universities that work with Small Business Development Centers and counselors and mentors at the Service Corps of Retired Executives (SCORE). They provide low-cost classes on how to write business plans from $40 to $60.
Remember you are the brains of your business; your accountant is the heart and your attorney is the lungs. An accountant helps you keep track of your money and an attorney helps you protect it.
Since over 90% of start-up businesses are funded by private sources such as retirement or pension plans, unemployment insurance payments, savings accounts, divorce settlements, child support payments, etc., many people skip the business plan stage.
Even if you do not need money to start your business, writing a plan will help you see if your idea will be strong from the start. Without a plan, you leave far too many things to chance.
If you started your business without writing a plan of action and now you are close to running out of funds, then chances are you need to write an expansion business plan to look for other financing options while you move your business to the next level.
When seeking out funding for your business you need to make yourself known to financing sources well in advance of asking for financial help; approach multiple sources of financing; educate yourself on the available financing options; know which options are available to your type of service or product; determine which options to pursue at various phases of your company’s growth and always be ready to prepare your business for financing.
You definitely will need a plan if you are going to apply for a business loan, need investors, have business partners, have a management team, or are selling the business.
You can use your plan as a tool to generate interest from financiers, prospective employees and strategic partners.
Before you even start to write your plan, get copies of loan applications used by banks, commercial finance companies, and government. These applications will give you a good idea of how much financial information you will need to include in the business plan.
The most standard plan is a start-up plan, which defines the steps for a new business and the expansion plan which will take the business to the next level or to a larger market.
The plan count is not a good way to estimate how good your plan will be. Instead, measure the plan by readability. A good plan should provide a reader with a general idea of what a business owner is trying to accomplish after skimming or browsing over it for 15 minutes. The more standard start-up and expansion plans developed for showing outsiders normally run 20-40 pages of text, easy to read, well-spaced text, formatted in bullets, illustrated by business charts and short financial tables, plus financial details in appendices. Never write a business plan 50 or more pages.
At a minimum, your plan should have the following sections: Executive Summary, Company Description, Product or Service, Market Analysis, Strategy and Implementation, Web Plan Summary, Management Team, and Financial Analysis.
The most important part of your plan is the Executive Summary. The Executive Summary is an outline of the entire business plan. If you do not have a good Executive Summary, chances are the SBA, bankers and potential investors will not read the entire business plan.
Just remember that the most important audience for a business plan is YOU! Only you are accountable to all of the statements, claims, stats and facts inside of your business plan.
Remember by skipping the business plan stage chances are your business will face many, many risks and you might find yourself out of business within 2 to 5 years.
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How To Use a Small Business Software to Operate a Payroll
If you’re a small business owner, you’re always looking for ways to be more efficient with your work time. As it has been said, “time is money.” If time is money, then you want to save as much time as possible to make the most money possible. There is a way that you can run a payroll program on your computer, instead of having to do it by hand and keep hard copy records of pay. For the small business owner, organization is very important to have and maintain.
A small business owner can use small business software to operate a payroll. The benefits of this will be apparent from the very first day you use it. Anything important pertaining to payrolls will be taken care of with this software. Your payroll will now be balanced, organized, neat, readily-available, accurate and legal. One of the most important things that small business software does for payroll management is keeping track of taxes. As many people know, tax time each year is a big hassle. Keep track of taxes is a tedious, yet legally important aspect of running any business. Inaccurate tax reporting can get someone into a lot of trouble with the government. With this software, the taxes will be updated accurately and thoroughly as each pay period is entered into the system.
Another great component of this software is that is gives the business owner the option of doing Direct Deposit. If you can get each employee’s bank account information, you won’t even have to deal with printing and messy stacks of paper checks. Direct Deposit is a safe, efficient way of executing payrolls for small business owners. It also serves as an advantage to the employee too, as good banking habits go a long way in helping them to establish and maintain good credit.
A payroll calculator is yet another perk to doing online payrolls for small businesses. All you would really have to do is enter the hours worked and the wages earned per hour, and the total gross pay will be calculated for you. Tax deductions can automatically be taken out at your desire with these calculators. These payroll calculators can make it very easy to keep track of how much you have to pay your employees and how much tax money you must account for.
Finally, online payroll software can be useful when it comes time to give raises. Many times, raises aren’t given due to a lack of funds; rather, raises are withheld due to logistical purposes. With your online payroll software, the math is already done for you. It won’t take any extra work for you to give employees a raise. This is helpful in keeping those good employees around longer.
The benefits of small business software are numerous. You can quickly and easily manage your entire employee group’s pay in an organized, efficient manner. Many of these online payroll companies offer thirty days of free use, so you can see what it’s all about with no financial commitment. You won’t really know what online payrolls are like until you try them, and it’s free for a month, so why not try it out?
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