Share the good news!

I love hearing about and learning about new and cool businesses - either they are new to me because I haven't come across them before, or they are new because they have just started. They provide me with inspiration and even more determination in my own business.

But what I also love to do, and do it ALL of the time, is spreading the love. So whenever I find something new that I think is great and will help someone (website, article, video, email etc) I will send it to the person who I know will benefit from it....straight away! I do it because I love helping people, but it has also turned into a great networking and relationship building opportunity, so it's a win-win!

So in the spirit of sharing the good news here is a great website I have just found that is full of news about new businesses that are popping up around the globe that I think you will like. You never know - it may just be the inspiration you need to start your business, or a great place to find some strategic partners or affiliate marketing opportunities.
Check out http://www.springwise.com/weekly/2008-07-30.htm

Then, my challenge to you is to find 4 great pieces of "news" and send it out to at least 4 people you know of that could benefit from learning/knowing that news. Perhaps find someone in your network, business or personal, that you haven't contacted for a while and use this as a great "hey - how you doing?' contact!!!
So go forth and spread the good news.

PS: Also don't forget about our Frank Team young entrepreneur stuff going on right now.

FREE DOWNLOAD! Our article on Secrets to Systemising Your Business - http://www.frankteam.com.au/entrepreneur/secrets-download.html

JUST ANNOUNCED! Our next Young Entrepreneurs Event - August 14^th - Castle Hill, Sydney - http://www.frankteam.com.au/entrepreneur/free-seminar.html

APPLICATIONS OPEN! Our Young Entrepreneurs Stepping Up Program Sydney - http://www.frankteam.com.au/entrepreneur/marketing-systemise-program.html

Has Creating the Business of your Dreams Stalled for You?

Free download 5 Secrets to Systemising Your Business

Have you noticed how insanely hard you are working although you’re unclear as to why you seem to still be at square one? Have you noticed that you seem to be changing from one task to another to another and it never stops? One minute you’re paying invoices, then you’re answering phones, then you’re going out to network with a new client. It’s insane. Imagine yourself doing this same process for another five years, perhaps another 25 years. Do you think you will build the business of your dreams?

Let me let you in on a secret: if you are always doing the technical work in your business, you will be doing that work for the rest of your life. If you always take control of every single situation and task required to be done, you will always be the person responsible for doing it. If you are your business you don’t actually own a business. Instead, you have a job.

Free download 5 Secrets to Systemising Your Business

A successful business is something that works with or without you. Let me tell you a story about McDonalds that was started up by the McDonalds brothers. Ray Kroc was actually the CEO of McDonalds and the man responsible for turning it into a massive global business by franchising it; the McDonalds brothers were the guys who actually invented the idea of McDonalds and ran their little store. Ray Kroc systemised the McDonalds brothers business and created franchises all around America. The McDonalds brothers never managed to expand their business beyond one store because they were the ones flipping the burgers, taking orders and making sure bills were paid. The difference was that Ray Kroc owned a business and the McDonalds brothers had jobs in their business.

Jessica Kiely, a very successful young entrepreneur, had a similar type of problem in her business and found that she was doing everything. She recently went through the transition of setting up her business to have systems. It almost killed her writing down her first system about how to produce one of her workshops. Once she had written the system down she hired someone to take over the system and run the production in her business. The relief she felt from delegating one of the responsibilities in her business allowed her to focus on other parts of her business and continue to grow it, getting her closer to having the business of her dreams that runs entirely without her.

We at The FRANK Team have noticed that you like many other young entrepreneurs face major challenges when growing your business, because you don’t know how to systemise it and stop doing all of the jobs inside of it.

Jessica has written an extremely helpful guide on the process she went through to help you on the road to systemising your business.

You can download for free her 5 Secrets to Systemising Your Business now and put yourself back on the path to growing your dream business. It is time well invested!

Want to learn more?

FREE seminar on Secrets to Systemising Your Business

The FRANK Team would like to invite you to a free young entrepreneur’s workshop on systemising your business where you will gain valuable secrets from people who have successfully systemised their business which allowed them to grow their dream businesses.

Secure your spot now

P.S. There are only 40 seats available to this event so secure your spot quickly

If you know someone who could benefit from attending this event, please forward this opportunity on to them. We love to reach out to a wide range of young entrepreneurs!

Where will the event be held?

Baulkham Hills Shire Council
129 Showground Road
CASTLE HILL NSW 2154

Time & Date

Thursday, August 14^th.

6:30 – 9:00pm – Expert Talks

9:00pm – Networking drinks

ANNOUNCING the Young Entrepreneurs Stepping Up Program – Kickstart Your Marketing Systems Program

The FRANK Team have a very special 8 week intensive workshop and mentoring program coming up on how to easily set up your marketing system and grow your business faster. More details will be revealed at the FREE seminar, on how you can apply to be one of the participants.

The YESUP program will be run by The FRANK Team and made possible by the NSW Department of State and Regional Development (DSRD), the New South Wales Government's business development agency. DSRD delivers programs and services that support the NSW Government’s commitment to winning new business activity for NSW, and developing the capacity and productivity of the State’s economy. For further information on how DSRD can help your business go to www.business.nsw.gov.au

Cashflow!

There’s no denying that cashflow is absolutely vital to a business, particularly one just starting out.

We’ve come up with a few tips for cashflow management, from our own experience over the past 6 1/2 years:

1. Clearly state on your invoices when the money is due. Give a date – not just a number of days. Then no one can make the excuse ‘I didn’t know.’
2. Make sure your customers understand your payment terms. If you expect payment within 7 days, let them know. That’s part of the condition of them working with you.
3. Don’t be afraid to chase up outstanding money. It may not be the most fun job, but it is really important, and often the accounts payable person of the company you’re dealing with may have overlooked the invoice (or will say they have) and will be happy to pay up pretty quickly.
4. Keep track of when money is due to you, so that you know when it’s overdue. If your customers know you expect prompt payment terms, they’re more likely to pay up on time.
5. Understand other people’s cashflow issues – if they’re an established customer and they’re having a little bit of trouble paying right now, let them know you understand and give them a little longer. That way you won’t damage the relationship, and next time you need help, they’re going to be more likely to help you out.
6. Make it easy for your customers to pay you. Make sure you clearly state your bank account details, or link to a paypal payment option, or whatever it is that you use.
7. If money is a bit tight, plan your cashflow. Know what’s going to who and when, so that you can prioritise.

What are some cashflow tips and tricks that you use?

Better Business, Better Balance

Check out this recent publication called “Better Business Better Balance.” It contains lots of practical advice and a whole range of tips for female entrepreneurs and workers, by creating more family friendly workplaces.

Women now own approximately 30% of small businesses in Australia, and family-friendly practices are helping them to retain skilled workers, reduce costs associated with high employee turnover, and maintain workforce motivation and higher levels of productivity, according to WIRE (the Women’s Information & Referral Exchange), which initiated the project with assistance from Industrial Relations Victoria.

http://www.qvwc.org.au/infohub/better_balance_better_business