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Small Business for Dummies

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You're not alone if the thought of running your own business has crossed your mind. Even if your vision of a small business differs from your neighbor's, you probably dream of being your own boss and of providing a needed service or creating a cool new product. But your very first small-business decision may be to admit that you're not ready for this career - at least not You're not alone if the thought of running your own business has crossed your mind. Even if your vision of a small business differs from your neighbor's, you probably dream of being your own boss and of providing a needed service or creating a cool new product. But your very first small-business decision may be to admit that you're not ready for this career - at least not yet. If you're straddling the fence, Small Business For Dummies will uncover whether this career works for you. You'll also gain insight into getting your personal finances in order before exposing yourself to the risk of a new business, and discover how to draw a roadmap to reach your career destination. This easy-to-understand guide is also for those who want to Write a gang-buster business plan Create the right legal framework for your business Locate financing that suits your needs Develop and market your product Hire the right employees for the right jobs Build your business You'll also gain understanding of the tactical side of running a small business, from pricing, budgeting, business expansion, and complying with government regulations to operational issues including: Managing your time Collecting accounts receivable Understanding your financial statements Taking good care of your customers Locating new financing or revising existing financing You don't need to be a genius to run a successful small business, but you do need some help. And that's exactly what this book is, a guide into the stimulating world of small business ownership and management.


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You're not alone if the thought of running your own business has crossed your mind. Even if your vision of a small business differs from your neighbor's, you probably dream of being your own boss and of providing a needed service or creating a cool new product. But your very first small-business decision may be to admit that you're not ready for this career - at least not You're not alone if the thought of running your own business has crossed your mind. Even if your vision of a small business differs from your neighbor's, you probably dream of being your own boss and of providing a needed service or creating a cool new product. But your very first small-business decision may be to admit that you're not ready for this career - at least not yet. If you're straddling the fence, Small Business For Dummies will uncover whether this career works for you. You'll also gain insight into getting your personal finances in order before exposing yourself to the risk of a new business, and discover how to draw a roadmap to reach your career destination. This easy-to-understand guide is also for those who want to Write a gang-buster business plan Create the right legal framework for your business Locate financing that suits your needs Develop and market your product Hire the right employees for the right jobs Build your business You'll also gain understanding of the tactical side of running a small business, from pricing, budgeting, business expansion, and complying with government regulations to operational issues including: Managing your time Collecting accounts receivable Understanding your financial statements Taking good care of your customers Locating new financing or revising existing financing You don't need to be a genius to run a successful small business, but you do need some help. And that's exactly what this book is, a guide into the stimulating world of small business ownership and management.

30 review for Small Business for Dummies

  1. 5 out of 5

    C

    A great starting point for the person thinking about starting a business. It quickly walks you through the pros and cons of being an entrepreneur, then dives into page after page of practical, real-world advice on attaining and maintaining success. It covers all the bases, including financing, marketing, accounting, sales, management, taxes, and growth. Although it doesn't go into incredible detail about each topic, it definitely points you down the right path, and refers you to more specialized A great starting point for the person thinking about starting a business. It quickly walks you through the pros and cons of being an entrepreneur, then dives into page after page of practical, real-world advice on attaining and maintaining success. It covers all the bases, including financing, marketing, accounting, sales, management, taxes, and growth. Although it doesn't go into incredible detail about each topic, it definitely points you down the right path, and refers you to more specialized resources as necessary. Favorite chapters Ch 1: Is Small Business for You? - figure out if you have an entrepreneurial spirit - learn the pros and cons of small business ownership Ch 3: Finding Your Niche -inventory your skills, interest, and experience -pursue "accidental opportunities" Ch 4: Crafting Your Plan - create a mission statement - write a business plan Ch 11: Marketing: Product, Pricing, Distribution, Promotion, and Sales - network and use referrals Ch 12: Keeping Your Customers Loyal - provide excellent customer service - learn from defections Skipped chapters Part 2 (Ch 6-9): Buying an Existing Business Ch 15: Finding and Keeping Superstar Employees Ch 16: Providing Employee Benefits Notes You must pay the full cost of Social Security and Medicare, not just half, because you're both employer and employee. Sell benefits, not features. Buy liability insurance and workers' compensation insurance. Use zero-based budgeting to force yourself to manage consumption and review costs. Maximize profit without losing too many sales. Measure the results of advertising. Ask customers how they heard about you. Give talks or teach classes to local groups to promote yourself. Good customers 1. enable you to make a profit 2. purchase repeatedly 3. refer others Bend policy for good customers. Show customers you care - handwritten note - thank you call - handle mistakes Ask dissatisfied customers how they propose to solve issues. Cash flow is the movement of money, while profitability is the ability to keep revenue higher than expenses. For services you seek from others, get quotes up front, and itemized invoices at the end. To improve profits - decrease expenses - increase margins - increase sales Join trade associations. Find a local SBDC (small business development center). To qualify as an independent contractor, a person must act as a business, not as your employee. Focus on what you do best, outsource the rest. 80% of profits come from 20% of customers. 80% of success comes from 20% of efforts.

  2. 4 out of 5

    Kitten Kisser

    That I found this book overwhelming & confusing. Okay fine. Roll your eyes & laugh all you want. I guess I'm dummer than a dummy. This year I took the leap into the small business world. I run an Organic farm with my husband. We don't have employees, we have livestock & crops. We are a general farm. My problem with the book is that even though it is for small business, it was too big business for me. So many situations didn't apply & had me sweating bullets. I started to over think everything & b That I found this book overwhelming & confusing. Okay fine. Roll your eyes & laugh all you want. I guess I'm dummer than a dummy. This year I took the leap into the small business world. I run an Organic farm with my husband. We don't have employees, we have livestock & crops. We are a general farm. My problem with the book is that even though it is for small business, it was too big business for me. So many situations didn't apply & had me sweating bullets. I started to over think everything & bury myself in endless amounts of paperwork, getting little else accomplished in the day. I tried talking to other local farmers for business advice but didn't get much out of them. I talked to an out of state friend & when they understood all the crazy I had going on, they started to help by explaining a few things to me. Now I am on a somewhat smoother path. Despite my lack of understanding, I didn't feel it was fair to rate the book any less than 4 stars. When I have a better grasp on some things, sections of the book are more clear to me. Also, some of the IRS speak is much more clear thanks to reading the Dummies book. I hope that as time goes on things will work more seamlessly. I intend on holding on to this book to reference to. I imagine it will become more helpful to me the more all this business stuff takes root in my brain & isn't in one ear & out the other. After calling my local help center for small business's I was very glad to have read this book. The woman I spoke to mentioned many of the things the book mentioned & thankfully I understood what she referred to & didn't feel stupid. How about that! It took me a few months to read the entire book while setting up my small business - which still isn't finished but getting there. It is amazing how many little things there are to do. I look forward to the day when having our organic farm as a business comes to me as naturally as just plain ol' farming!

  3. 5 out of 5

    Jennifer Defoy

    I've read this book a few times, in parts. Overall I think the information that is provided in this book is very useful. But it is very basic. I am currently pursuing a business degree and I am finding there is so much more to the concepts and ideas that are presented in this book. I've read this book a few times, in parts. Overall I think the information that is provided in this book is very useful. But it is very basic. I am currently pursuing a business degree and I am finding there is so much more to the concepts and ideas that are presented in this book.

  4. 4 out of 5

    Dina Nath

    As the title suggests, this book is for dummies only. If you have absolutely no idea of how small business works, this book is a good starter. If you are already running a small business, you should look for other book dealing withe the subject in depth.

  5. 4 out of 5

    Stacey Lynn

    Listened to edition published in 2019 on Hoopla. A good overview for those considering small business, and it would also be useful for persons entering the workforce to understand interviewing, insurance benefits, corporate financial metrics, and more.

  6. 4 out of 5

    Youssef Selkani

    Well that's quite a lot of "business" jargon, maybe I was just expecting "How to build a successful small business for dummies". The material is mostly designed for US residents, not a bad thing but all countries have pretty much the same legal structure for businesses and similar institutions. Well that's quite a lot of "business" jargon, maybe I was just expecting "How to build a successful small business for dummies". The material is mostly designed for US residents, not a bad thing but all countries have pretty much the same legal structure for businesses and similar institutions.

  7. 5 out of 5

    Kira Thurgood

    This is a solid book of advice, much like the other "Dummies" books, that covers all the basics. This is a solid book of advice, much like the other "Dummies" books, that covers all the basics.

  8. 5 out of 5

    Shaun Marksbury

    I'm not starting a small business, but having a church plant, I thought it would be interesting to compare ministry priorities to business advice. It was also interesting to reflect upon a couple of small-business ventures in my past. Overall, I'd say Tyson provides a good, general overview of starting and running a small business. I wouldn't say anything in here was overly surprising, and it wasn't a surprise that much simply wasn't applicable to my situation. Even so, it was good to see a simp I'm not starting a small business, but having a church plant, I thought it would be interesting to compare ministry priorities to business advice. It was also interesting to reflect upon a couple of small-business ventures in my past. Overall, I'd say Tyson provides a good, general overview of starting and running a small business. I wouldn't say anything in here was overly surprising, and it wasn't a surprise that much simply wasn't applicable to my situation. Even so, it was good to see a simple overview of the process, and a good reminder to have a clear vision and goals in mind.

  9. 4 out of 5

    Luwaga Sylvia

    Great book

  10. 4 out of 5

    Max Kosmalski

    A bit drab but jam packed full of useful information. Not particularly a page turner. Textbook style

  11. 5 out of 5

    Chet

    Informative, but sooo long and repetitive.

  12. 5 out of 5

    Boris Pavlov

    A bit too long and a bit to US specific, but still gives a good overview on the topic. No regrets

  13. 4 out of 5

    Amanda

    I reckon it's all about branding, but I dislike the title of these books. I go about life seeking to expand my knowledge wherever possible. Currently I've been brushing up on business reading, to be sure there isn't anything I could be doing to be more organized and efficient in bookkeeping and managing a small business. These are good books, but I wish it didn't feel like I'm being called a Dummy for reading them. It feels so demeaning and discouraging. Ha! I reckon it's all about branding, but I dislike the title of these books. I go about life seeking to expand my knowledge wherever possible. Currently I've been brushing up on business reading, to be sure there isn't anything I could be doing to be more organized and efficient in bookkeeping and managing a small business. These are good books, but I wish it didn't feel like I'm being called a Dummy for reading them. It feels so demeaning and discouraging. Ha!

  14. 4 out of 5

    angela

    The edition I had was outdated and referred to the internet as the "new kid on the block" and spent some time explaining how computers can help your small business. I can hardly fault the book just because I had an outdated version though. The truth is, many of the principles covered and advice doled out have not changed. It's a dry read, but it is a nice breadth of information for entrepreneurs. On any one topic, you'll need to fibd a more in-depth resource. The edition I had was outdated and referred to the internet as the "new kid on the block" and spent some time explaining how computers can help your small business. I can hardly fault the book just because I had an outdated version though. The truth is, many of the principles covered and advice doled out have not changed. It's a dry read, but it is a nice breadth of information for entrepreneurs. On any one topic, you'll need to fibd a more in-depth resource.

  15. 5 out of 5

    Mimi Somsanith

    The "for Dummies" collection of books are sincerely helpful to the readers and profitable to the authors despite the occasional spelling errors. To me, it's like an encyclopedia of sorts to have for reference. Each book, however, can be overwhelming to digest and sometimes depth is substituted by a list. This one, though, I liked because there was enough solid material in an adequately organized fashion. The "for Dummies" collection of books are sincerely helpful to the readers and profitable to the authors despite the occasional spelling errors. To me, it's like an encyclopedia of sorts to have for reference. Each book, however, can be overwhelming to digest and sometimes depth is substituted by a list. This one, though, I liked because there was enough solid material in an adequately organized fashion.

  16. 4 out of 5

    Rebecca Horner

    Definitely more for someone who is doing an inventory based business or something that involves renting a space. Not something I would suggest for someone who is just looking to start something out of their homes.

  17. 5 out of 5

    Brian

    Fun stuff! Running a small business seems fun. I also liked the relationship advice that said don't let your business affect your home life. Consider it done! Also, I found the suggestion of getting a modem to be pretty sweet too. Fun stuff! Running a small business seems fun. I also liked the relationship advice that said don't let your business affect your home life. Consider it done! Also, I found the suggestion of getting a modem to be pretty sweet too.

  18. 4 out of 5

    Risti

    well, i was just started. after finally found my passion on doing my very own small business.

  19. 4 out of 5

    Di

    This is what you'd expect - an easy to read book with introductory info on how to start a business. I would recommend it. This is what you'd expect - an easy to read book with introductory info on how to start a business. I would recommend it.

  20. 5 out of 5

    Rebecca

    I read through it once a few years ago, and I'm not sure I've opened it since. I read through it once a few years ago, and I'm not sure I've opened it since.

  21. 5 out of 5

    Clare Lancaster

    Hoping to learn about the book-keeping part :(

  22. 5 out of 5

    David Delaney

    Nice quick guide and definitely recommended as an introduction.

  23. 4 out of 5

    Crossed

  24. 4 out of 5

    Joanna Hughes

  25. 4 out of 5

    Redrosevertigo0

  26. 5 out of 5

    Michele Giovanni

  27. 5 out of 5

    Rebecca

  28. 5 out of 5

    Ryan Helster

  29. 5 out of 5

    Kim

  30. 5 out of 5

    Kathy

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