Four Surefire Ways To Get Your New Business Start Up Into Profit

Congratulations! You've just started a new business, you've signed on the
dotted line, purchased your inventory or set up your website, opened your
doors and now .... Yikes!! Depending on your new business start up costs, it
could be quite a while before you see a profit. How do you get 'into the
black'
without burning yourself out?

The key is to work smarter, not harder. Here are four key business
strategies to help you maximize your profits during this critical phase, to
help you bring income in quicker from your new business.

!. Simplicity and Focus First. Do NOT over-diversify or overcomplicate your
new business. This is a common mistake that business beginners make. By
getting involved with too many products, services, ideas or opportunities at
once, which dilute your efforts and create overwhelm. Take the time to learn
the basics. Once you've focused on your key business product or service, and
on a viable marketing and business plan, stick to it! Put all of your
energy, attention and intention into marketing your new business and getting
it profitable.

2. Niche. At the beginning, keep your business tightly focused in once area
of your market. Keep the business simple and yet expandable, centered around
one theme, and with room for synergistic multiple income streams. Focusing
and developing a unique niche will be more profitable than trying to be
everything to everyone. Once you get your first project profitable, then add
another product, service, or branch to your business.

3. Focus on Income Producing Activities. Starting a business takes a lot of
work and one of the common mistakes that many business beginners make is
focusing too much time and attention on the wrong activities. For example
they drown in administrative details and forget about marketing, or spend
too much time with customers but without a comprehensive business plan. You
need to prioritize and spend 80% of your time on income producing
activities.

As part of your new business start up plan, take some time to figure out ONE
single daily action that you can do EACH day that will bring income into
your business. For example, if you are building a website, set yourself the
goal of creating three new pages per day, or adding ten new newspaper
subscribers to your list. If you're a network marketer, talk to ten new
people each day about your business. If you sell a service, gather five new
leads each day. If you own a store, find one new way to increase the traffic
and visitors into your store each day.

4. Little Known Tip to Get Profitable Fast. Did you know that as soon as you
sign on the dotted line and start your business, if you work at home you are
eligible for hundreds of legal home business tax deductions? This can end up
saving you thousands of dollars this year on your taxes! For many new
business owners, keeping track of your expenses and deductions is
overwhelming, but if you can remember that this will put money into your
pocket, you will find the recordkeeping to be less drudgery and more fun!

By following these four strategies, you can quickly get your new business
start up into profit and begin the exciting journey of developing your
fledgling enterprise into a growing, thriving, solid business that can
support you and your family for years to come.

About The Author: Tamara Esgoode is a business consultant, coach, and long
time work at home mom. She writes for http://HomeBizWomen.com which offers
free advertising resources for women in business, and features the latest
new business start up information and assistance at
http://www.homebizwomen.com/news