Don't Shut Down Your Business for the Holidays
You don't have to close down business while you enjoy the holiday season with your family and friends.
For just $40 a day, we will monitor your
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Microsoft Tips & Tricks
How do I turn off the automatic URLs?
1. Choose AutoCorrect (or AutoCorrect Options) from the Tools menu.
2. Click onthe AutoFormat As You Type tab.
3. Under Replace As You Type, clear the Internet and network paths with hyperlink check box.
If you didn't turn off AutoCorrect before you started typing and now you have a document full of hyperlinks that you don't want, you can turn them off, either one at a time, or all at once. To turn a lnk off, right-click onthe link, select Hyperlink from the pop-up menu, and the select Remove Hyperlink. To remove all links from the document, choose Select All from the Edit menu or press Ctrl +A, and then press Ctrl +6 to remove all hyperlinks.
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| 8 Ways to Make a Business
Budget Work
As we near the end of another year, it is time to do some business planning for next year. This planning should include a budget. A business budget is a set of guidelines for your spending and saving habits. Jeff Wuorio from the Microsoft Small Business Center has laid out some common problems that pop up with many established budgets, along with some solutions that can help you stay within budgetary guidelines.
1. Accepting the learning curve. Living with a budget is an educational process. Trimming your expenses, knowing how long a paycheck is going to last or how much of a cash reserve to keep around -- working these skillfully will take some time. But you can learn to adjust a budget as you go, and what was once a shot in the dark gradually will become a more predictable and useful practice.
2. Be prepared to miss your budget estimates and act accordingly. This is rule No. 1 in setting up a budget: knowing that your budget projections are a best guess and nothing more. Notes Mark Weaver, Associate Professor of Management at the University of Alabama:"You're going to miss your estimates." To keep things in line as much as possible, try to reallocate some other area of your overall budget to account for the adjustment.
3. Work flexibly. If you want to stick to a budget, make sure that your inflow more than compensates for your outflow. For instance, if your revenue doesn't match what you expected - and there's a good chance that might be the case - trim back your expenses to compensate. By the same token, if you're taking in more than you anticipated, it might be time to invest in better equipment.
4. Watch your cash flow. Monitor your income closely to make certain that you'll have adequate funds to pay your bills, particularly if your business is prone to long lapses between paychecks.
5. Err on the side of conservative. When setting up your budget, it's a good idea to overstate your expenses and lowball your expected revenue. That approach is also a solid strategy when making sure your cash flow is going to hold up. Look into budget savers such as telephone calling plans, less expensive office furntiture and other ways to lessen the burden on your income.
6. Nurture a cash cushion. The uncertainty of budgeting - both in tems of income as well as expenses - stands as one of the biggest threats to the survival and success of any small business. While trimming expenses to the absolute bone is always a good idea, it's also prudent to set aside income whenever possible.
7. Check your budget every month. This is a point that cannot be stressed enough. Go over your budget every month and examine your cash flow to make certain your available funds are sufficient to meet your liabilities. If you're following point No. 2, above, and adjusting your budget as you go, you'll have some sort of emergency fund to take care of monthly overruns.
8. Use your budget as a form of restraint, not constraint! Setting up and sticking to to a solid budget is the most effective teacher of fiscal discipline there is. But don't be shy about busting your budget on occasion should something truly warrant it. It's often impossible to budget for a valuable last-minute seminar or a trip to a trade show to make valuable contracts. If you are too rigid with your budget, you'll refuse to spend when you really should.
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administrative partners, llc is a virtual support practice that is committed to nurturing collaborative and efficient partnerships with its clients. We provide administrative support, RealtorŪ services, event planning, marketing and graphic design projects to our clients. We are confident that our extensive industry experience will enable us to service you in any way that will support the future growth of your business and discover new avenues along the way.
Learn about the many services that we offer by visiting us on the web at www.administrativepartners.net. We look forward to hearing from you soon.
We look forward to working with you, |
Tamika R. Johnson, Principal
Administrative Partners, LLC
office: 301.249.1891; fax: 240.823.9367 tamika@administrativepartners.net
www.administrativepartners.net
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