Successfully Operating a Business

Over the past few years, Georgia has been rapidly growing and booming with small businesses.  Georgia has become a hub for innovation and creative ideas, a place where entrepreneurs can come to act on their aspirations. Atlanta, GA is the named the 7th top city in the United States to start a small business in. Most of Georgia’s revenue comes from small businesses. So what are the challenges for small business ? Staying in operation,  funding, keeping a consistent cash flow. These are just to name a few.  Many consultants, such as myself, have seen over the years, how businesses begin and in the next 6 months or few years, close. So what do you we do to decrease the chances of that happening? First, lets educate our small business owners and inspired entrepreneurs. 

Me Speaking.jpg( Business Consultant from Lawrenceville, GA)
Let’s provide them with the necessary tools needed to operate a successful business. Many owners and entrepreneurs doesn’t know which financial statement they shall review or why should they be reviewed. As consultants, we break down each section and help them analyze the overall picture. Even in the beginning stage, it is important for us to know your business idea, what entity type you want to  establish, and why. Here is where we assess the pros and cons with your selection. Based on that information, you select what is better for you and your vision.
Next, you are putting plans in place. Most consultants helps with strategic planning or developing the best business practices for your company. It is very important for all owners to understand why having guidelines, policies, and procedures in place. This protects them from any disputes or legal actions. Also you want to make sure that these components align with the vision you have for your company.
Now you talk about effective marketing strategies for your business.
Marketing Consultant Speaking.jpg( Public Figure, Marketing Consultant from Alabama)
Each marketing consultant can help you strategically analyze which marketing platform or sales channel will be perfect for your business. Social media has become one the number 1 effective tools for driving sales. You just have to know your target audience and how to reach them.
Once we go over theses key essentials tips and tools needed to run your business, now its time to review the overall scope of your business on an executive level. Every aspect of your business should be examined: Marketing, Business Processes, Practices, Policies and Procedures, Workflow, and Work Performance. Once you have to carefully review each component, ask these question,  Are each effective ? Are they performing to their satisfied capacity? Do they align with your vision? Where do you see the opportunity? where is the threat? Which area can improve? Once you answer these questions, you must come to a conclusion if your business can carry on to the next month, if not, what is your plan actions ?
This is what we teach and educate small business owners on, operating a business, successfully running a business, and effective marketing strategies.
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We have successfully coached businesses, helped start ups, redefine and shape businesses, and even help with the growth and improvement of a business. We have put together a training manual for small business owners, packed with a wealth of knowledge, tools, and tips needed to successfully operate your business.
For seminars, training, and workshops; books us as your facilitator ! For more information, contact us at info@peavyassociates.com or Coordinate with Danielle Eaton at danielleeatonllc@gmail.com for booking info at Self Development U.
Successfully Yours,
 
Teleigha Peavy, Principal Consultant
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Affordable Accounting Services for Small Businesses

Accounting Ad

Did we mention we offer affordable Compilation Services ? Whether its for a bond,license, or certification purposes, our services adhere to the General Accepted Accounting Principles established by the FASB.

Who says you need to have the software?  We are fully equipped to handle these services for you!  We also serve as many small businesses accounting back office !You will receive weekly, monthly, and quarterly reports.

Industry Specialization :

Government

IT

Construction

Manufacturing

Non Profit

Contact us at info@peavyassociates.com or 678-667-7988  for more information! CPA’s  and Accounting firms, need help? Outsource to us! Get a team at an affordable rate for one !

Starting A Business? Need a Business Plan? Contact us!

business-plan-300 Business Plans are the Blue Print of your business!

Business plans are the guide and foundation of your business. They are the go to for more information of what your business is about and for creditors, why should they be interested in your business. Often times, creditors want to know what you are doing to make your business successful, are there any other businesses like yours, and the numbers.  They want to make sure that they will be getting a great return on their investment.

So, if you need a company whose team are skillful business writers, proposal writers , and business consultants, contact us for more information at https://peavyassociates.com/contact-us/

Price List

Standard Business Plans – starting $ 400 ( Market research included for $100 more)

Market Research / Analysis – $300 (alone)

Ongoing Consulting Services – $2, 500 – $3,500 a month

  • Involves financial and operations management
  • Other is business process improvement,

Project Basis – $40 – $50 /hour (depends on the scope of work)

Start- up Consulting Project – $300 – $700

Consultation- $125 (retainer)

Why Processes and Systematic Approach to Your Operations Are Helpful?

Process Diagram

You are all over the place, disorganized. You just want to get customers and work, this is the most cases for entrepreneurs and executives. You worry about the financing and operating activities, monetary, of the business, but not the actual operations of the business. You need to figure out how to provide new services to your customers,so you make up a team and leave them without direction to focus on attracting your customers, big mistake. When you finally check on your departments performance, you are not understanding the lag in time it takes to complete a task, yet you are too busy to address the issue. So what are the result now?

  • Key tasks are missed which probably could have helped gain a client or attain the revenue
  • Other tasks are yet to performed because the first was yet to be completed because of no guidance
  • The team you created are left in the wind without direction, scope, idea, and budget so your are over your limits (spending) and the project is not executed properly

Oh I can go on and on to the many problems that can happen without your insight and input as the leader. Processes and systems are beneficial to any business, small or large, because it helps solves many problems and enables an efficient workflow. As the Key Executive, you are the leader. Your team are looking for your guidance and vision of the company. When you are absent, many things can go wrong.

Standard Operating Procedures, Processes, and systems are implement under the company’s vision. These plans are put in place to give the company a sense of direction and how to proceed with work. If you implement a process in each department, tasks will be completed on time and new tasks can be performed. If you define the scope of the project with your team, take time to listen to all input, and develop a plan of action, from it; your team can then hit the floor executing the project.

Now with all this being said, this really means as the leader, lead, motivate, guide and you can go the rest of the day completing your very own tasks, because you have implemented processes and a plan of action!

Written by: Teleigha L. Peavy CSM, LSS (green belt) PMP candidate.

Operation and Business Consultant at Peavy and Associates’ Business Services, Inc.