The holidays are upon us, and as a small business owner, you'll want to ensure that your business is prepared. From employee vacations to inventory orders, what steps should you be taking to make sure your small business runs smoothly during the holiday season? Let’s take a closer look at some innovative ideas to maximize profits and improve operations over the holiday months.Read More >
What is the biggest drain of cash from your business? Usually most costs in small business are easy to anticipate such as rent, utility bills, payroll and insurance. But other expenses can quickly creep in, and revenue is always a bit of a soft target to hit. Some small business may struggle with late payments from big clients, or be experiencing a higher rate of staff turnover due to seasonal issues. It’s important to stay on top of these issues, so keep thinking of ways to stabilize your business and consider these steps for saving money in your small business.Read More >
Every organization spends lots of time trying to work on its internal culture in order to get the results desired by management, shareholders, consumers or other constituents. Superior results don’t come from a single enterprise; rather, the best results emerge when business strategy, operational models, technologies and tools are firing on all cylinders in unity with one another.
Small business owners need all the help they can get, and accounting solutions can be one of the more complex issues for a small business owner to research and acquire. And let’s face it, running a small business is hard work. Adding onto all your other responsibilities the need to crunch numbers, balance income with expenses, and figuring out how much to pay your employees and how much to pay the U.S. government in taxes can be mind boggling. Fortunately, the right accounting solution can help you as a small business owner get away from all that number crunching and grunt work.Read More >
Every business will involve some level of customer service. How do you avoid nightmare experiences and keep your business in good standing with your customers? Here are 15 customer service tips to help you get ahead and maintain great relationships with your customers, clients and colleagues.Read More >
So you’ve successfully launched your small business—congratulations! It’s been a long, hard road but you have written your business plan, worked out your financial statements and generally have all your ducks in a row. But once you find a little bit of success, you are very likely to find that you need more money to grow the success of your small business. That means that when you are seeking more money for your startup, you will need to pitch your ideas and execution to new investors. Here are some tips for nailing your pitch presentation to venture capitalists (VCs) or other investors.Read More >
People often think that the most successful entrepreneurs were born that way, imagining that they emerged fully-formed as the men and women who lead industry behemoths to greatness or change the world through their creativity and innovation. But the truth is that people like Steve Jobs, Bill Gates or Richard Branson are mere mortals like the rest of us. The other factor that many potential entrepreneurs forget is that entrepreneurship, just like any other business-related skill, can be taught, learned and nurtured. It’s not always the most ambitious or aggressive individuals that emerge as entrepreneurs, who are indeed a rare breed. It may be the C-student who ends up being a multi-millionaire, and not the captain of the football team.Read More >
Struggling to figure out how to finance your small business? Consider trying asset-based lending to get the job done. In simplest terms, asset-based loans are just what they sound like—business loans that are based on the tangible physical assets of your small business. This usually means accounts receivable and inventory but can sometimes include less obvious items, such as company vehicles. It’s a pretty simple proposition, but it is important to understand the advantages, challenges and risks of asset-based loans. You are risking your future revenue in order to gain access to more funds today.Read More >
Chances are your small business stores a lot of vital information online. Have you taken the right steps to protect this data for you and your customers? Here are some concepts and tools that will help you to protect your small business.Read More >
For small business, setting yourself apart from the competition is the key to success. So how do you identify your competitive advantage over other brands in your industry? Here are some concepts and ideas that will help you to define your small business in your market or community.
Congratulations—you’ve launched your own small business and it’s a huge success. Maybe too huge; you find yourself growing at a healthy but unsustainable rate and demand for your products or services is starting to outstrip demand. Where do you turn to find new and talent employees for your small business? It used to be that small businesses would just put a sign in the window, but things have changed radically in the past two decades. So let’s look at both the old-fashioned and the new innovative ways to recruit workers to see what works best for you.Read More >
“Have it your way.” “Coke Is It.” Trademarks used to be simple. The common use of the term described words or symbols used by companies for sales, advertising, marketing and other uses of their intellectual property and branding rights. You've established your brand and products, but have you gone through the necessary steps to protect these things legally? Here's a quick overview to protect your business trademarks.
Determining the Legal Requirements of Your New Small Business
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