Starting a Service-based Business? Read These 4 Keys to Success

A service-based business offers services to people without selling tangible products. Think about salons, laundry services, wedding photographers, house cleaners, car repair companies and coaching service providers – they all are service-based businesses that help people get their stuff done. Starting these types of businesses usually costs less but there are a few challenges unique to this type of venture. If you’re reading this article, we can assume you are either planning to sell a unique service to people or you have already started your small business. So, whatever your idea is or business is about, here are the four keys to become a successful service provider in your industry.

Find Your Niche: Enter an industry that you’re familiar with and offer services that you would use yourself. You must be an expert of that field. If you’re passionate about something, selling might be easier for you. Are you offering what people want? What aspect of your business will make it appealing to customers? To get the answers to these questions, you need to focus on buyer person as, how you’re going to solve their problems, research your competitors in the market and identify interesting ways to attract customers.

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Set The Pricing Right: You are here to sell your time and expertise, so you need to choose the right pricing strategy. Price your services too high, and you can never win over your competitors. Price them too low, and you will never be able to turn your business into a successful company. Choose a striking balance between competitive rates and charging your customers for your time and service. The simplest way businesses can charge is by the hour. Your second option is to offer package services and charge a flat fee for a combination of services. You can also go with the combination pricing option and offer your services at an hourly rate and as part of a package.

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Learn to Manage Your Finances: A service business has lower overhead costs but that doesn’t mean you won’t have to have to take care of your finances. Keep track of all of your small business expenses, such as costs of buying new equipment or tools, payment to your vendors and employees and monthly rent if you are running your business from a shop. Create a cash flow budget, make financial projections, keep your payables up-to-date and track the credit you are extending to your customers.

Get Professional Help: Everyone needs help, especially small business owners and aspiring entrepreneurs. Sometimes, it pays off to consult a small business mentor. Getting the right advice can be the difference between your success and failure. Seek professional advice from a business mentor to determine how to manage your business, know where it is heading and create an action plan for growth. Arrange one to one session with a professional small business mentoring service provider so as to get clarity about your business and create a strategic plan to take it to the next level.

Starting a service-based small business is cheap but it needs right skills, knowledge and professional guidance. When you find your niche, choose the right pricing, track your finances and get advice from a small business mentor, then you’ll be able to focus on the most important thing about your business: selling your service and making happy clients. So don’t wait, contact a small business mentoring service provider today to find new ways of selling your services and make your dream a profitable project.

Journal Identification

SECTION B: JOURNAL IDENTIFICATION TABLE
Journal title
Internal Journal of Clinical Pharmacy
Publisher
Springer Netherlands
URL link to “Information for Authors”

http://www.ncbi.nlm.nih.gov/nlmcatalog/101554912

Intended audiences
Policy makers in the healthcare and pharmaceutical sectors, scholars in the clinical pharmacy discipline, general public

Mission of the journal
It intends to offer a platform for the publication of clinical pharmacy articles and related practice-oriented subjects in pharmaceutical sciences. They include clinical pharmacy, pharmacoepidemiology, pharmacoeconomics, pharmaceutical care, pharmacy services research, clinical use of medicines, medical devices, and laboratory tests, and other clinical aspects of pharmacy

Publishing frequency
Bimonthly since 2011

Areas of topics
The scope of the Internal Journal of Clinical Pharmacy that entails the clinical pharmacy, its research and application in areas such as pharmaceutical care. Apart from this topics, others include Pharmacotherapy and outcome research

Clinical pharmacy
Pharmacoeconomics
Pharmacoepidemiology
Pharmaceutical care
Pharmacy services research
Clinical use of medicines, medical equipment, and laboratory tests
Current information regarding medications and medical devices
Medication management
Other clinical aspects of pharmacy
Types of articles in this journal

Reviews: This kind of articles should not exceed 3000 words excluding abstract and references. The structure should be as follows: Introduction, Aim of the review, Method, Results, Discussion and Conclusion. A structured abstract of maximum 350 words with the headings should also be provided: Background, Aim of the Review, Method, Results, and Conclusion.

Research articles: This type of articles should not exceed 3000 words excluding tables, figures, abstract, and references. They structure should be as follows: Introduction, Aim of the study, Ethical approval, Method, Results, Discussion, and Conclusion. A structured abstract of maximum 350 words with the headings: Background, Objective, Setting, Method, Main outcome measure, Results, Conclusion. Articles describing qualitative research get exemptions from having 4000 words in length.

Short research reports: This type of articles give the preliminary or limited results of original research and should not exceed 1500 words excluding abstract and have a maximum of 10 references. The structure of a short research report is similar to a research article, and they may only contain two tables or figures. The structure of the abstract of maximum 200 words with the headings: Background, Objective, Method, Results, Conclusion should get provided.

Case reports: This type of articles should not exceed 1500 words excluding abstract, but including a maximum of 10 references and only 1 table or figure. This kind of articles gets structured as follows: Introduction, Ethical approval, Case Description, Discussion, and Conclusion. A structured abstract of maximum 150 words with the headings: Case (description) and Conclusion should get provided.

Commentaries: This type of article allows writers to convey thoughts, considerations, opinions, or discuss issues. These articles should not exceed 2000 words, including a maximum of 20 references and only contain two tables or figures. An unstructured abstract of maximum 150 words gets required.

Letters to the Editor: Letters that comment on a published article will get considered for publication. The letters should not exceed 1000 words, including a maximum of 5 references and only containing a maximum of 1 table or figure. An abstract does not get required.

Brief description of the peer review process
All submissions including commentaries and letters were necessary to get peer reviewed by experts. The paper first gets checked for adherence to the instructions and the editorial policy of the journal. Plagiarism, as well as all references, then gets checked. If approved, the submission will be sent to reviewers. The review procedure takes approximately six weeks; although it may take up to 3 months sometimes. The author then receives information regarding acceptance of their article, needed revisions or rejection of their submission.

Impact factor
Current impact factor:
1.35

Impact Factor Rankings

2014 / 2015 Impact Factor

1.348

2013 Impact Factor

1.25

2012 Impact Factor

0.859

(Researchgate, 2016)

Reflection
One unique/distinct aspect of the journal

The Journal has an entirely web-enabled manuscript submission and review system. The system provides authors the option of tracking the review process of their manuscripts in real time. The log-in and submission procedures provided by the online manuscript and review system are not only comfortable but also straightforward, hence providing little or no problems to authors. A wide range of submission file formats that include Word, WordPerfect, TXT, RTF, and LaTeX for article text and EPS, PS, TIFF, GIF, JPEG and PPT for figures get supported. Only PDF manuscripts have not got accepted.

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