From Bank Clerk To Entrepreneur

Written by Carolyn James


Continued from page 1

Once this need had been identified,repparttar next problem was where to start. Opening my own shop was an option, butrepparttar 104603 economics of doing so were really not that attractive. Lighting is space hungry andrepparttar 104604 overheads associated with running a shop can be phenomenal. The other drawback was that whilst one shop would satisfy a few people, it didn’t really addressrepparttar 104605 fundamental issue of providing a wide range of quality of lighting to as many people as possible as conveniently as possible. The answer lay onrepparttar 104606 Internet and via a mail order system, where people would not be bound by geographical or time constraints.

Asrepparttar 104607 concept developed, I managed to enlistrepparttar 104608 cooperation of a couple of lighting manufacturers. This was not easy, since there are few suppliers who are prepared to take time to listen to your idea, let alone help you when you are not able to offer them any tangible evidence that you can deliver in any way, shape or form. Having securedrepparttar 104609 supply of products with David Hunt Lighting and Le Dauphin Lighting, I needed to find out how to set up a website and develop a mail order catalogue. I actually began by looking for an accountant, which is testimony to my optimism aboutrepparttar 104610 business empire that I was planning to build overrepparttar 104611 coming years! Within two meetings I had been introduced to a web designer and a marketing company, both of which were based locally. The brakes were off and before long I was immersed in a completely new world. After months of contemplation and planning, The Light Company (Direct) Ltd was formed and was rapidly taking shape. It was a further six months until allrepparttar 104612 pieces ofrepparttar 104613 jigsaw came together and, onrepparttar 104614 19 January 2004,repparttar 104615 website was launched andrepparttar 104616 mail order catalogues delivered.

As with many new business ventures,repparttar 104617 early days arerepparttar 104618 most difficult and I am spending all of my time exploring ways in which I can make people aware ofrepparttar 104619 extensive range of contemporary and classical decorative lighting that is on offer. I have already decided to open a showroom that will double up as my office design studio and mail order room. Although compact,repparttar 104620 showroom will be far more suitable thanrepparttar 104621 lock up on an industrial estate that I am currently using. It is a leap of faith, but having come this far, it is one that I feel has to be taken.

It is certainly a long way fromrepparttar 104622 Accident and Emergency Department. I have swapped a career inrepparttar 104623 NHS to become an entrepreneur, even though I do not believe that I haverepparttar 104624 archetypical qualities of such. I am still nervous about taking risks and I still worry about whatrepparttar 104625 future may hold, but my course is set and there is no backtracking. Although completely unconnected, my years working inrepparttar 104626 health sector have proved to be useful particularly in dealing with customers and suppliers. It seems that good communication, combined withrepparttar 104627 ability to deal positively with people who are demanding across a whole spectrum of issues and events, are distinct attributes irrespective of your industry sector. In a perverse sort of way, this isrepparttar 104628 aspect ofrepparttar 104629 business that turns me on and which fuels my enthusiasm to succeed.



Carolyn James is a founder Director of The Light Company (Direct) Ltd, a mail order and Internet business based in the Cotswolds selling high quality distinctive lighting. For further information, please feel free to visit


Don't Wait for Tax Time to Look at the Bottom Line

Written by C.J.Hayden, MCC


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Think before you spend. When considering any new business expense, including marketing and sales activities, evaluaterepparttar increased earnings you expect to bring in against its cost before you proceed to make a purchase. You can often increase your profitability simply by delaying expenses to a later month, quarter, or year. Don't be afraid to hire. Retailers and restaurateurs wouldn't consider operating without employees, but many service businesses limit themselves by being understaffed. Almost any business can benefit from hired (or contracted) help. Business owners can often better use their talents for generating revenue than for running errands and filing. Pay yourself a regular salary. If you are incorporated, you may already be doing this. If not, allocate an amount to owner's compensation on a monthly basis. Each month that your business meets its profitability goal, pay yourselfrepparttar 104602 full amount. When you miss your target, dock your "pay" and when you exceed it, pay yourself a "bonus." Writing yourself a monthly paycheck will give you a strong incentive to keep your business profitable. Evaluaterepparttar 104603 success of your business based on profit, not revenue. It doesn't matter how many thousands of dollars you are bringing in each month if your expenses are almost as high, or higher. Many high-revenue businesses have gone under for this very reason -- don't be one of them.

C.J. Hayden is the author of Get Clients NOW! Since 1992, C.J. has been teaching business owners and salespeople to make more money with less effort. She is a Master Certified Coach and leads workshops internationally. Read more of her articles or subscribe to her free newsletter at http://www.getclientsnow.com.


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