Some of the Best Business Strategy Books for Entrepreneurs
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 >
According to the National Center for Charitable Statistics, there are more than 1.5 million nonprofit and charity-based organizations in the United States. That is a lot of people working hard for less money than they could earn in the private sector, just for trying to create some positive change in the world and help others in need. But it also means that there are at least one million organizations out there in America who are renting offices, paying for telecommunications support and Internet services, and even paying janitors to clean their offices, all when they really don’t need to. The concept of the traditional office is an outdated one. Much of the work of even fairly conservative nonprofits can be accomplished just as easily when nonprofit professionals are working from home, meeting at a central location, or working in the field. In fact, a virtual office may offer a nonprofit or charity organization enough benefits that they can spend more time working in the field with clients and less time at a desk working through the details of infrastructure and intake. Let’s look at some of the ways a nonprofit organization might utilize the features of a virtual office and then examine a rough timeline that demonstrates how a nonprofit might be able to pull the plug on their traditional office model.
You may think you’re stressed. We’re all subject to the pressures of the bland tragedy of life. But it’s even worse for time-strapped, overly ambitious, overworked entrepreneurs. Whether it’s creating a slide deck for that big presentation to the venture capitalists, making changes to an already popular product, finding new customers or managing the day-to-day mechanics of running a business, the experience of living the life of an entrepreneur can be maddening.
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 >
How to Get Your Business Involved with the Local Community
Increase Business Productivity by Outsourcing These Tasks to a Virtual Assistant
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 >
So you have successfully launched a small business—congratulations! You’re now an entrepreneur. But perhaps you’ve hit a bump in the road. Despite diligently signing up your business for accounts on Twitter, Facebook, Instagram, Google My Business and Yelp, your followers are not only NOT engaging with your company, its products and services, but your feeds are becoming stagnant. Here are five reasons that might give you a clue as to what you might be doing wrong in the strange world of social media.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 >
Maybe you’re a solo freelancer trying to boost your productivity in a shared workplace, or perhaps you’re thinking of renting a coworking space for your small remote business. Regardless of your situation, in order to take advantage of all the benefits a coworking space as to offer, you must be proactive. The way you shape your experience is up to you, but how do you make it worth your while? Here are 3 ways to make the most of your coworking space.Read More >