Wednesday, December 23, 2015

Handling changes

It is hard to believe that 2015 is almost over!  There is no snow here in Wisconsin and the temperatures are very mild for December which makes the disbelief even stronger.  It has been a year of changes for E&S Entrepreneur Advisors and for my family.

My husband was offered a promotion in March and accepting it meant moving 100 miles south of home and family.  It was a great opportunity for him so he accepted the offer and we got our house ready for sale (I don't recommend living in the same house for 27 years without doing some periodic weeding out of belongings!) and found a home to buy in the Waukesha area.  We moved two months later and settled into a new life.  I commute back to the Fox Valley twice a month to work with clients who need to see me in person.  I get to see friends and family as well which is nice, but the drive is tedious.  The unseasonable weather this fall has made it easier so far.

Moving has not only created the need for me to travel more, it also required Beth and I to rethink our processes.  I was responsible for the banking and bill paying for our business and moving meant either changing our bank and mailing address or changing who was responsible.  We elected to stay at our bank and Beth has assumed more of the administrative tasks.  We did opt to offer online invoice paying to our clients which has reduced the number of trips Beth has to make to the bank and the clients love the convenience.  The service charges we have to pay to offer this service have been offset by the convenience for Beth and for our clients.

The move has also changed my work schedule.  I was able to be quite flexible in the dates I offered my clients for appointments.  With my need to travel, I am no longer able to offer this flexibility which has been hard for me.  I liked being able to run over to a client's business if they were having a problem.  I can still do a lot of problem solving via phone or email, but I miss the opportunity to see clients in person.

Changes can be hard to handle, but with planning and flexibility it doesn't have to be difficult.

Tuesday, December 1, 2015

Thinking of starting a business in 2016?

Are you thinking of flexing your entrepreneurial muscles next year and starting a new business?  Here are the types of businesses you want to avoid according to The Hartford's Bizahead website:

  1. Office Supply 
  2. Frozen yogurt/ice cream shop
  3. Gift store
  4. Video rental
  5. Bookstore
  6. Taxi/limo service
  7. Social sites/search engines
  8. Travel agency
  9. Internet cafe
  10. Restaurant
The hottest industries to launch a business in:
  1. Food e-commerce
  2. Legal marijuana
  3. Agriculture software
  4. Relaxation beverages
  5. Public sector technology
  6. Yoga/pilates
  7. Fantasy sports services
  8. Software publishers
  9. Investigating and security services
Chose wisely if you are going to start a small business.  You need to have sufficient expertise as well as working capital and determination!