Yesterday, I started this article about women starting their own home-based businesses. Today I’d like to add 5 more items to my list of things which are important and sometimes unique to women.
6. Do you know your way to San Jose? Wasn’t that a song? Seriously though, do you know your way around the computer? If you’re going to be a small business owner, you must have at least a basic knowledge of word processing, spreadsheets, email and a little bit of accounting. Oh, and that all-knowing thing – the Internet. I’m not saying you have to be the next whiz kid, but you need to be comfortable with getting around on your computer, viewing and responding to emails, researching on the Internet, typing a quick document, and setting up a short little spreadsheet. This will help you immeasurably when you’re talking with prospective clients.
7. Can you easily grasp new concepts and ideas? (Are you trainable?) This one may make some people laugh, but we’ve all heard the old saying, “You can’t teach an old dog new tricks.” That’s not you, is it? You must be receptive, open to new ideas, open to new ways of doing things. With the Internet, everything you used to think is true is no longer true. There are ways and ways and ways to connect with each other and your clients. Be open to learn constantly about how to best operate your business.
8. Do you have high speed DSL or cable? This is a must to run a business in today’s world. You don’t want to be caught on the phone with a client who says, “Did you get my email?” And you’re waiting and waiting and waiting for it to come in because it had a small JPG file with it. Be sure and spend the money to upgrade and it will be money well-spent. If you can afford it (and it’s available in your area), cable is great! It’s made such a difference in my business.
9. Do you have a banker who is familiar with you and can help you out with the “ins and outs” of starting a business? This is so important. When you get to the stage where you feel this is truly what you want to do, get your business plan written (this is a MUST – do not pass go, do not collect $200 unless you write your Business Plan), then talk to a banker who recognizes you as you walk in the door. Tell them your plan, show them your business plan, ask them their advice. They are the experts and can help you through not only the financial aspect, but maybe give you some small business tips you didn’t think of. Plus women love those relationships that extend from personal to professional.
10. Do you have an EIN (even though you have no employees)? As a sole proprietor with no employees, you do not have to have an Employer Identification Number. But, if you’re going to be working with sub-contractors quite often, if you’re going to be selling quite a bit, it’s important to keep your personal information separate from your business information. Yes, I know that as a sole proprietor, most things will be run through your personal side also. But if you have a unique identifying number, it helps in many ways. It not only shows a certain sense of professionalism, but it keeps your social security number safe and confidential.
Well, those were just 10 quick tips to think about if you’re a woman looking to start a small business. Most of the topics can be used by anyone starting a business. But I feel sometimes we, as women, have some unique needs that men don’t have.
I hope these prove helpful to you. Please let me know what you think. Enjoy your week!
Vickie