How to Run a Successful Small Business, Part 1
Вставка
- Опубліковано 10 лип 2011
- If you ever have a need for funding help for your business or for real estate projects, please reach out. brian.gwpllc@gmail.com
Business:
• Lines of credit
• Term Loans
• Accounts Receivable Financing
• Purchase Order Financing
• Invoice Financing
• Contract Financing
• Equipment Loans and Financing
• Commercial Refinancing
• Commercial Purchases
• Mergers and Acquisitions
• Some Startups
Real Estate:
• Commercial and Residential Development Projects
• Hospitality and Resort Projects
• Ground Up Construction
• Value Add Projects
• Adaptive Reuse Projects
Other:
• Crypto Buy and Sell
• Gold Investments
Smart people with different skills and talents working together to achieve the same purpose is as good as it gets. All the best.
Hello, i have been longing to start and run a small business ashop but my major challenge is capital i need ksh.30000 or $ 300 dollars and wouldn't mind any support from well wishers .I am a kenyan citizen from Homabay county .aronedward2018@gmail.com(email address)
EDWARD ARON ,DID YOU GET THE HELP YOU NEED....
@@wallysmitty7665 do you know where can I get some help to start my small business?
Yes
smart people
Smart work.
Ll
Thank you for the time, effort, and knowledge you bring. I'm watching this video 9 years later.. Your work was not in vain!! God bless you my brother.
Thank you very much for those kind words. I appreciate it.
@@brian_silverthorn Its astonishing that you are still responding to comments. You're an absolute legend. Also thank you for you're series on this. It's been a gift for me.
@@kazakhstanman6121 Thanks for saying that. When people take the time to comment, acknowledging that effort and thanking them is the right thing to do.
If you need help contact us
I am 18, And I am looking at opening a small car yard as its quite big here in New Zealand. Finding all the advice I can.. Good luck everyone :)
Good luck with your small car yard.
My advice to you is don't! Learn what is is to work for someone else, learn what it entails to run a business, customer relations, financial statements, tax laws, competition, supply and demand, geographical advantage and disadvantage etc... don't start a business if you don't know what the hell you doing! It's like writing university exams without even going to school. You'll fail fast and fail hard
How did it go in 2 years pal?
How are you doing now, I'm 18 right now and I'm thinking about sobe buisness with cars too
Hey, it's three years later. How is it going with you and the business?
I don't know about the hotel business in Egypt so I can't comment on that. Starting any business correctly, including a cafe, and building it into a valuable asset is always a good idea. I know people who started with a cafe and have grown their business into 4 successful restaurants and a successful resort. It's taken a number of years and a lot of smart work, but it happened. Good luck with whatever you decide.
This is great because I was thinking of opening my own restaurant and I was trying to figure out how it can survive the first two years of business. Your video was wonderful, thank you so much! :)
Thank you. Restaurants are challenging but, done correctly, they can be fun and profitable. I wish you the best.
This video has been up and runing for 9 years now.. It is helping me (Owner of a small merchandise business) to learn how to not only keep my company steady, but how to keep growing.. God Bless you and thank you for all your effort..
Thank you very much for the kind words. I'm glad the information has been helpful.
"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already,got a new business my wife is managing, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?
uunderstanding the intricacies of investing is crucial. That's why it's important to have a reliable support system, such as a financial consultant, who can guide you, especially when it comes to selecting assets. Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy.
That’s great lawrence , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
She is easy to find , make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. I believe sh works with anyone independent of their location.
Thank you for talking about your financial consultant. I will definitely look her up and try to get in touch with her. I have realized that relying solely on UA-cam videos and attempting to manage my finances on my own hasn't been very effective.
I need to watch to this kind of video, coz i want to be a successful businessman with great corporation, i like the way you explain it and i love the background
Looking forward to see more. Great post.
This surely is very useful to those having difficulties in building a strong brand for small businesses on the Internet. Many people don't usually see it but starting and building a web presence could be the toughest challenge of business people.
Great idea Fernando. My specialty is helping owners maximize the valuation of their businesses so they can do other things and still receive a guaranteed income.
Hi Brian, the perfect video at the right time as I am in the process of setting up a small business, but it is online.
+Online Services Thanks for the comment. Success online requires help just like every other business. All the components still apply, except for employees - maybe. Stay tuned to my website for lots of information and programs for entrepreneurs. success-sys.com.
Definitely got a new sub from me. We are ready for our uprising this summer 2019! Thanks Brian for the great advice!
Thanks for the nice comment. I hope all goes well.
Thank you for the amazing content! Such rich and useful information. I am excited to start this path of creating my own small business.
Thanks for the kind words. I wish you the best with your business.
Thank you Brain, your presentation motivates me to run my own business in the near future back home!
+Sharmarke Abdinoor I'm happy to hear you're motivated to run your own business. The world needs more successful small businesses.
I’m about to start a small business again
My first business failed due to COVID
This video couldn’t come at right time for me
Thank you so much for all the advices, I will follow each step to have and run small business successfully. Thank you
Hi Melissa. Thanks for the kind words. I'm happy that the video was helpful for you. Please check out the new series I've started. I just posted video number 2. The playlist is Step by Step Process for Starting and Growing a Successful Business. I wish you the best.
Great Video,
Really hit home on building a successful business.
I do believe in surrounding yourself with like minded individuals.
If I have a dream, so should my team.
Thant's an excellent quote! Best wishes towards your future development
The tips provided are applicable also with marketing in such not just making the business stable. It's true that your standpoint and tips are very helpful since it's also applicable from online market and local marketing. The steps you've provided are very well explained and on the process, we will learn something new not just for small businesses and for the employees which are the important factors in once business. Thank you for this one.
about to watch part 2 right now...this is really good free info could be a possible future JV partnership
Hi Sir, i have no idea how i come a cross this great video!
i already share this blessing to my colleagues.
Thank you! God Bless....
+Ultra Clean Up Services JG Service Company Thank you for the kind words and for sharing the video. I hope it's a benefit to everyone who takes the time to watch.
thanks a lot sir for this video for sharing your brilliant thoughts and ideas base on your great experience...i have a small bussiness before but i was loose it by wrong handling and not that much good knowledge...by now i am thinking to start it again...so this information is very big helpfull for me...God blessed you always and more power...
Thanks for the kind words. I wish the best for you should you decide to start another business.
Thanks for sharing! I love watching small businesses prosper and grow. They bring new ideas and innovations to the market. You mention some very important points, such as the value of employee relations and ensuring that employees are happy, productive, and focused. Looking forward to more videos! I subbed :)
Thanks for subscribing. I appreciate it.
Love the video. The hiring process is always the most frustrating. I was told hire slow fire fast, but it's difficult making that judgement call if they are the perfect fit.
Thanks for the comment. I appreciate it. If you're interested, there are 6 videos about hiring the right people in a playlist. Use this link - ua-cam.com/play/PLPdEA7pzpYDMKnA7VBI60OHhbdn1Hq8c6.html
Vision Lingo how are you? And thank you for this amazing advises!
I im an office manager of an small business (10 w-2 employees)
My boss asked me today how the business was doing financially and asked me for a report!
I was speech less!
Embarrassing!
That is why I came to you tube Chanel looking for help!
In January 2017 the profit was 135k
In January 2018 the profit was 50k
- but the owner brought two buildings which we are half pay off the loan right now.
In January 2019 the profit is 60k
Is this healthy?
Thank you very much for getting back to me....
How can I get a class from you?
Thank you
Roseth
@@chatitaolivares4948 I don't know a whole lot about other traditional business models, but I see some damn good Persistence and Commitment with you, I'm sure you'll crush it, but I'm curious have you considered transcending your business to online? Keep pushing! and if you are open minded and you keep your cash flow options open and if you are serious, shoot an email at abdzshepperd@gmail.com! More love and growth to you Chatita!
Good luck to everyone !
Thank you!! Amazing way of message conveyance. Very helpful tips!! ( Kokila from Malaysia )
Thanks for the kind words.
Watching your motivational business video from a village in Kerala, India
Thanks for watching. I hope it's a help to you.
Thank you for the advice this video was very helpful.
Thank you. I appreciate the comment.
Great tips. Thanks for the effort.
Brian... you're awesome. Thank you for providing the value that you do!
+Penelope416 - Thank you for the kind words Penelope. I appreciate you taking the time to comment.
I would like to start learning about business, I don't know were to start, all I can do is ask. Can someone recommend some good books, articles etc for a beginner
or something that focus's on these points specifically
*understanding of the financial statements of a company
*commercial law, particularly the law of contract
*contemporary economic principles and theories
*roles and responsibilities of management
*marketing principles
*business communications
*Learn how to analyse financial statistical data
Message would be great, thanks ;)
this is my first time watching you. I am going to subscribe and listen to your every word! thank you so much for putting something like this up!
Thanks Josh. Welcome aboard. If you're interested, check out my newly launched website - mysuccesssystem.com
*****
Dear Brian Silverthorn,
I am Cambodain People , My name Thou Ratha I am a student of Marketing . So can you explain me more a bout to be success small Business.
រដ្ឋា ធួ Hi Thou. Asking for more about building a successful small business is a very broad request. Please send me a list of specific questions or concerns and if I haven't provided the answers in a previous video I'll make a new video to address your questions.
Nice! I love this channel too. Check out mine i hope its upto standards
This is a brilliant ideas, this will help me to improve the business that I was started two years ago
Thank you. I'm happy that you think it will help. I wish you the best.
Thanks for the info i must say your voice makes me comfortable and relax to intake the knowledge
Thanks for the kind words. I appreciate it.
Excellent presentation sir. Good video length and clear message. Thanks really helpful.
Thanks for the kind words. I appreciate it.
I enjoyed part 1 of your presentation - it was concise & to the point.
Thanks. I'm glad you enjoyed it.
As a Technological student, your video is still valuable for me.Thanks!
Thank you. I'm glad it has value for you.
Great advice - much appreciated Brian !
Thanks Mike. I hope they prove to be helpful for you.
Great video Mr. Silverthorn, really puts into perspective on how and what to look for to run a successful small business. When I am ready, I wish to open my own business and such I am trying to collect all the advice I can to do so and this video isa great tool for that.
Thank you. You smart to get as educated as you can before getting started. However, you'll continue to learn as you go. I wish you the best.
Hi thanks a lot.. starting my business from next month .. learning a lot from you.
Thank you. I wish you the best with your new business.
Great Tips Brian...I'm currently starting my own business in Saudi Arabia, and your videos will absolutely play an important role in the success of my business.Now I know the areas I need to work on and how to properly manage my business. Thank you!
baraa abudawod Thanks for the kind words. I have a client that recently opened a franchise location in Riyadh which seems to be starting off strong. The best of luck with your new venture
Thanks Brian! Saudi market is booming nowadays and I believe that a rational person must see the potential.
Just viewing your video because am not sure what to do. Basically am stuck between taking a course, getting a degree or open a business and what type of business.
So I need an advice!?, and a direction!.
Very nice video
Thanks for posting
great video! thank you!
Thank you for such a good advise. Its very useful for me as a young entrepreneur.
Thanks you. I wish you the best in your entrepreneurial endeavor.
Thank you very much. for this time being, im doing a guesthouse business an i want to upgrade it to boutique hotel business. In meantime, im also plan to do food truck business since i love to cook. Is that posibble that i can get some advice from you time by time?
Thank you so much for your kindness in helping others by sharing your knowledge. I am from a different country with no family here and I am glad to say that the journey was not easy, but I was finally able to accomplished having my own small business... I know it doesn’t make me a billionaire. However, it makes me happy too inspiring others to dream and act in order to achieve their goals. Thank you, I love your video.
Thank you for your kind words. And, congratulations on starting your business. It's people like you who drive the economy and provide for others in many ways.
Thank you for sharing your best to as.
I'm planning to start a small restaurant business, please help me with a starting ideas.
Please, I will be appreciate to have your reply.
Good one thank you for this training
Thank you very much for watching.
I'm still watching your videos. Keep it up.
Thank you. I appreciate it.
Could be too long for some. But, based on the "likes" and comments at the end of Part 2 the length is OK for many. Thanks for the input.
Thanks coach Brian
it is so helpful :)
Awesome love being a small business owner! Great nuggets!
Thanks. Let me know if there is ever anything I can do to help.
Brian Silverthorn will be an edh last week of July.
Give me a heads up and we'll find a place and time to meet.
Thanks for the detailed tips. I’m helping small businesses myself with their online marketing efforts using short (fun) videos that draw attention and was wondering whether we can cooperate together.
I would also throw in government contracting opportunities for small businesses. The government spends over 500 billion dollars every year on contracting, and 23% is strictly devoted to small business.
i like the set up, it feels so relaxing while listening and thinking
Thank you - again!
Thank you.
Would you say it's better to start by working and managing a small business, gain a good amount of experience before starting your own? I plan on starting and building a very successful Homecare / Nursing Asst Schl/business very soon. Thanks for the lesson.
That's how it worked for me. I was the general manager for a small business before starting my own business. You don't have to start as an employee, but it's a great way to gain experience.
I have a new eGuide coming out very soon that will help when you start your own business, I'll be posting a video about it by the end of the week.
Very informative
Wow im glad to you your life story.
Thanks.
Thanks Brian! Top advice 👍
You're welcome. I appreciate the comment.
thank you!
Extremely valuable content!
Thank you Peter. Thanks for taking the time to comment.
Great video very useful information :) please keep up the amazing videos :)
That's the plan. Starting tomorrow, 6/21/16, I'll be posting a new video every day for 100 days. Tell everyone you know to tune in.
will do for sure :)
Hey there, I like this video. When you going to have more of these type of videos?
If you want to get these same videos on page 1 of Google, I can definitely help you with that.
Bests Regards and keep adding videos.
Damon
Hey Brian! I am about to acquire an engineering degree and the thought of owning my own business has always appealed to me. Problem is I have zero business knowledge so what do you recommend my first step should be after I get a business idea? Where should I go to learn the basics?
The self-serving answer is to become a member of my website once I finish the redo this week. Other than that, there are plenty of books that discuss the basics - choosing the right business for you, determining the potential of the market, determining how you'll approach the market, figuring out how you'll fund your business until it becomes profitable, choosing the right people to help, deciding on the most beneficial structure, etc.
That being said, the real key is implementing your decisions & strategies effectively. This all sounds pretty daunting. And, given that the failure rate of new businesses in about 95% in the first three to five years, there are a lot of well intended people who don't make it.
The best thing you can do is find someone with experience & knowledge that you're comfortable with and have confidence in to go to for feedback & advice when you need it.
I wish you the best.
Thank you for sharing this Mr BrianSilverthorn. We do agree that employee's always the number one. Now there's something I'll like to know from your perspective: Do you think that it is better to be paying our employee a monthly fixed salary or to give them incentives/commission by percentage in driving them to work for a common goal?
+Verse Monct It depends on the type of business and the position an employee occupies. The challenge is to find an objective, track-able result to tie the incentive/commission to.
It's relatively easy for sales people. Commissions can be based on dollar volume or units sold, for example.
The best way to get high performance and high productivity from employees is to be very thorough and very careful in the hiring process.
Thank you Mr Silverthorn for the Advice ~ Really appreciate it.
+Verse Monct
Past successful experience in a job of some kind is also key.
+Mary Skyers (Researcher) Agreed Mary. Verifiable successful results in the past should always be considered.
Brian thank-you because am young lady who wants to start my own small business
+Hilda kevins Good luck to you Hilda. I hope the videos on this channel help with starting and growing your business.
Yes it has given me more ideas and thank-you very much keep giving us more watching from kenya in Africa
Thank you!
You're welcome. Thank you for watching.
Brian stated that he believes the keys to starting and growing a successful business are fundamentally broken down into Efficient Operations, Increasing Profits, Growth, and Quick Response To The Market. In my opinion, I think that he’s pointing out the fact that you must engineer systems for your business before you start it. Not to take away from what Brian is teaching you, but another business expert that you should check out is Robert Kiyosaki and his Rich Dad series because he goes into extreme detail about business systems. You could combine Robert’s teachings with that of Brian.
Best Local Businesses In Thanks for including me in the same sentence as Robert Kiyosaki. I'm honored. His books are a great resource for business knowledge.
Always love hearing perspectives of other entrepreneurs, keep up the hustle! 🚀
Thank you.
In the first few years, when I'm just struggling to get by (I'm still working a full-time job), do I need a CPA, and if not, what do I need to do /how do I keep up best with expense receipts etc. ?
+Patricia Justice If you're struggling, there's no need for the added expense of a CPA right now. Keep your check register up to date and detailed. Make notes on your expense receipts and put them in a file. ASAP after the end of the year go through your check register and your expense receipts file, categorize the information, and then decide if you need help with your taxes. As your business income and the complexities of your business increase you can evaluate the need for a CPA. All the best.
+Brian Silverthorn
Thanks, Brian. I have receipts, and I have Paypal debit card payments that show up in my email box. Keeping track is the challenge...
You’ve help so many people
Thank you very much. I like to help and I hope the information is useful.
I would love to get some consulting, I have a very small health center that I opened and it’s more successful than I thought it would be and I don’t really know where to turn. How to hire employees properly and manage the money.
Hi Yana, I'd be happy to schedule a call to learn more about your business and determine if I can help. Please contact me at briansilverthorn@att.net. Thanks.
Thanks DrippyHippyLlc really appreciates this video 🤙🏽🏄♂️!
Thank you. I appreciate you taking the time to comment.
Lovely analysis bro!!
Thanks for the kind comment. I appreciate it.
Thank you Mr. Silverthorn.
Thank you. I appreciate you watching.
Sir, you are a great help, thanks a bunch of good fresh berries.
Hello,
I’m a small business owner in the healthcare industry. How do I combat the business politics from clients and competitors? I can also use a mentor if available! Thanks.
I'd need to hear some examples of the politics you're encountering before I can give you a good answer. I'd be happy to help you with those issues with a quick phone call and also discuss mentoring. Please send an email with your availability for a call to brian@goodwolfpartners.net. Thanks.
Thank you, Brian, very informative.
I'm making my buisnes dedicated to crystal jewerly and trippy/psychedelic art! I really hope it goes well and I already found out Legalization, and taxes. All I really need to get all of that stuff done and launch!
Congrats on your business. I hope it goes well.
I'd love to give you tips regarding the 3 issues you mention, but I can't get the video link to work. When you have the time, send me the link at my email address shown on the site or on my small business uprising website.
I want to own my own boutique. Wouldnt mind starting out online and then do instore in the long run as well. I just need a smart business pusher. Then I will be successful.
Find someone running a business similar to the one you want to run and ask for help. Most successful business people are happy to help others get started and become successful.
@@brian_silverthorn thank you for your kind suggestion I will do that
Thank you this really helped
You're welcome. I'm glad it was helpful.
Opportunity lets you put your foot inside the door of success, but it doesn’t break the door down for you.
Thanks you so much Sir
YOu are most welcome. Thanks for watching.
Hey my friend, this is a wonderful video, and you run a great Channel. thanks for the uploads ! a fellow creator-=
Thanks for the positive feedback. I appreciate it.
Hi I'm a Sierra Leonia. I want to become an estate developer but I don't have money. I have been in the construction industry. What advice do you have for me?
Thank you
Become the best you can do at your job. Ask for opportunities to do other development related jobs and become the best you can be at those jobs. Once you've learned, gained experience and proven yourself look for development projects your confident you can complete successfully and put together a pitch deck for investors. Then start spreading the word. I wish you the best of luck.
it is great thanks so much
I'm happy you enjoyed the videos. I hope they help you achieve the success you want in business.
Well done
Thank you. Thanks for watching.
thank you 🙌🏾💓
You’re welcome. Thanks for watching.
Love 💖💖💖💖
Thank you.
thanks
Thank u Brian
My pleasure!
Good info-thanks for sharing!
Thanks. I appreciate you taking the time to comment.
running a small and medium sized company, how do you start the international business?
Message still great after even 10 years
Thank you. The basic principles of business don't change. There are, however, great changes in technology and innovation that, used correctly, can speed the growth and success of a business.
Epic video upload.
Thank you. I appreciate it.
I’m 17 and need advise, I really want to start up the first life is good apparel store in michigan, and my dad would be willing to do the big payments, but I would love for it to have it make a big success I was wondering if u got any kinda of tips, I don’t really know what I want to do in the future but this has got me really exited…. I can make amazing websites, I can sell, and I can increase profit… I know this bc I worked for my school store and become ceo for half of year! But I feel like that wasn’t enough to prepare me to actually get going and see what I want to do I need advise!! I know I’m confusing haha sorry
The clothing business, like most retail businesses, is tough. Before starting your own business I suggest you do one of the two options.
1. Get a job, paid or as an intern, at a clothing store, learn, do a great job, let your employer know you want to open your own store at some point and ask for their advice.
2. Visit clothing stores in areas that won't be in competition with your store when it opens. Prepare some great questions, let the owners or managers of the stores you visit that you're planning on opening your own store and ask about their biggest challenges and about the most important things to do to make a store a success.
And, watch all the videos on this channel that pertain to sales, communication and business operations. I wish you great success.
I would love to run a business I just don't know where to start
Find a way to provide products and/or services doing something you enjoy and can do well that people will pay for. Ask business owners who have a business that would interest you how they got started. Most are willing to help you, but you won't know until you ask.
Thank you 😊
You're welcome 😊
I know a skincare business but each time I find myself lacking funds to make products for sale. Please what do I do
Money is always a challenge. If you don't have any or your own, you have to persuade others to invest in your business either as an equity partner or a lender.
Hi, my business is more on marketing and networking, what best advise you can give me
Hi MD. I need to know about your business before I can answer your question. Please contact me at goodwolfpartners@gmail.com and we'll find a time to talk.
I'm thinking about opening a business, but I'm a little nervous about the books. I have heard for a small fee I could have a company do this for me, does anyone one have any thoughts on this? Thanks for any advise.
yeah that's the real issue, especially when at first you don't make much money. it feels like all your money goes to others.
rjravaz When starting a business it's best to keep an eye on the books personally. Pay attention to the money coming in and the money going out. Be sure to put some away for taxes.
Check with your local Chamber of Commerce and other sources for basic courses in business bookkeeping. Learning how to pay attention to cash flow is very important to every business owner. It helps you plan for the future and it also helps you protect your business.
The more you learn now the better your decisions will be when deciding if you need a bookkeeper, a payroll service, a CPA or anything else financial in nature and who you should trust to perform those duties.
I wish you the best, whatever you decide.