20 Small Business Tips, For Success
These are just some general tips to keep in mind as you design/operate your small business:1. Take the time out to explore and understand whether or not you are compatible with running our own business. Some people are just plain happier and better off financially on the other end of the paycheck.2.Get your personal finances in order. Before you jump into the entrepreneurship world, get your own money matters squared away.3. Pick your niche. Many small business owners succeed in businesses that are hardly unique or innovative. Take stock of your skills, interests, and employment history to select the business that is best suited for you.4. Be... |
 |
|
3 Essential Tools For Starting And Maintaining A Small Business
We believe that there are 3 factors that drive the success of small businesses.1) Acquiring start-up capital ... |
|
|
7 Things To Consider Before Buying Small Business Accounting Software
The world of small business accounting software can be a minefield for any business owner. However choosing the right package is one of the most critical business decisions you will make.Here are the seven things you must consider before making a purchase that will help you achieve your businesses goals.1. Scalabi... |
|
|
9 Things You Must Do To Maximize Your Chances Of Obtaining A Small Business Loan
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more stringent criteria.To vastly increase your chances of a successful funding application, you will need to present the following information: 1. The reason for the loan. The lender will be looking for something that fits within the normal range and expertise of your business. The amount may cover a number of items, so you will need to cover each. 2. The amount required, and the repayment term of the small business loan you want. (e.g. $10,00... |
|
|
A $40 Million Dollar Little Known Referral Strategy
Copyright 2005 David FreyWould you like to know how a car wash chain with only 12 locations has cleaned over 33,373,975 cars and has an annual revenue of over $40 Million (that is not a misprint) using little to no paid advertising? Well, sit forward because I'm about to tell you. The company name is "Car Spa" and here's how I discovered their brutally effective referral strategy. I often go to Taco Bell to have lunch and read a book. I noticed a little flyer next to their cash register. A few days later I stopped in with my family to get a frozen yogurt and r... |
|
|
Accounting Methods – Cash And Accrual
When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method ... |
|
|
Advertising Vs. Pr In Your Small Business Marketing Strategy
Copyright 2005 J D MooreA great small business marketing strategy includes a mix of tactics. Advertising and PR are two very important tools that all small business owners need to be using regularly. Many small businesses I talk to do one of the other, but don't commit to doing both. Each has its strengths and weaknesses and are complimentary to each other.Small Business Advertising Strengths:-The biggest advantage with small business adver... |
|
|
After The Latest Advice Concerning Small Business Insurance Rates.
After the latest advice concerning small business ... |
|
|
Alternative Venture Finance: Federal Grants And Loans
While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal grant programs are run by the Small Business Administration (SBA), and by Small Business Investment Companies (SBICs).An SBA loan, regardless of whether it is a direct loan from the SBA, or, as... |
|
|
Are You Using The Right Form Of Energy?
As we near the end of summer, here is a question I have for you, “Are you using the right form of energy to grow your business?” Are you having trouble growing your small business as fast as you want? Are you making all the right moves and still the business just inches forward? Read this article and see if you are using the right form of energy to grow your small business?Head Energy My consulting experiences have taught me there are two types of business energy. I call the first type “head energy”. This is the energy that comes from wanting to do better or more with your small business.• You want more profits.• You want more customers.• You want... |
|
|
Building Great Business Relationships
If you’re in a business relationship with anyone – a client, vendor, or customer – how important is that relationship to you? Do you value the relationship? Do you want to nurture it?A business relationship, like any relationship, is a two-way street. The expectations of both parties needs be clear and easily understandable. Applying the Golden Rule is also ... |
|
|
Business Disaster? Won't Happen To Me
Copyright 2005 Denise OBerryAs fast as you can say business disaster, your business can go up in smoke. That's what happened a while back to Castle Carpet One. Gone were thousands of dollars worth of equipment and carpet, plus two smaller businesses that were housed in the same building. Luckily the owners, Larry and Diane Cox, had plenty of business insurance to cover their physical losses. But they lost their most important business asset - customer records - because of failed back up systems. Rebuilding their customer base will be tough and the long-term revenue impact is hard to measure. With disasters like hurricanes, tornados, fires, floods and terrorism, to name a few, it's critical for small companies to have a disaster plan. And for companies with only one location, it's even more important. One location compani... |
|
|
Business Entities – What Are The Choices?
When you decide to start your own business, one of the most important decisions you will make is determining which business entity is right for your business. This decision will have a huge impact on how the business is operated, how taxes are paid, and your personal liability. Different types of entities have different advantages and disadvantages that must be taken into consideration, but you should start with an understanding of exactly what each type of business entity is.The sole proprietorship is the choice for most business startups, but it isn’t necessarily the be... |
|
|
Business Goal Setting
How many times have your decided to set a goal for your businessand set it aside because the task seemed too huge or difficultto begin? I have seen this happen over and over so I decided towrite and article on business goal setting. When setting your business goals it is interesting to see thatthe thought process is no different than persona... |
|
|
Business Laws: What You Need To Know
There are a myriad of things you must think about when opening any type of business whether it is a small business or a large corporation and one of those is how business law may affect you. Failure to pay attention to business an... |
|
|
Business Meeting Etiquette
What makes up proper business meeting etiquette? How do you havea meeting everyone can leave feeling good about? Meetings havebecome an inevitable part of doing business for almost everybusiness owner. There are meetings with clients, meetings withemployees and meetings with peers or associates. Almost everyone has suffered through meetings that take up yourvaluable time and accomplish very little. In fact, you may find that you yourself have ... |
|
|
Consolidate Student Loans And Shop Online
If you run a home business, you know that budgets can be pretty tight. Saving money wherever possible can be the difference between the business that succeeds and the one that fails. This article represents a broad survey of things you can do, from consolidating your student loans to getting small business deals on supplies, that will help you spend less each month.Next Time You’re Online, Buy SomethingBillions of dollars are spent each year online. Rather than suggest that you hurry and move your business online, I... |
|
|
Create Real Magic And New Customers
Do you want a small business opportunity that could create more business for you? It is a chance to sell to the government. Bring in new customers is always the number one goal of many business owners. It is the life blood of any operation and if you want your business to stay healthy then you must bring in fresh new customers and keep them ... |
|
|
Database Marketing: Using Point-of-sale Data To Improve Profitability
Copyright 2005 David FreyNot long ago I made a trip over to the local Radio Shack to purchase an electronic plug for my cassette recorder. As I paid for my item the retail clerk asked me for my name, address, telephone number, birth date, and even my email address (something every retailer should be asking for today!). Although I... |
|
|
Does My Small Business Need A Budget?
Copyright 2005 Melody Campbell"I only have a small business, I don't need a budget." "I don't have enough money to budget." For many small business owners, the word "budget" is something for the bigger company - maybe they'll have one when their business "grows up." What is a Budget? The simple explanation is a budget is a plan for how you will manage all financial resources and all expenses for your business. The basic equation that you want to demonstrate in a budget is as follows: (estimated )Sales minus (estimated) E... |
|
|
Don’t Let Passions Rule When Buying A Business
For many, the American dream of owning a business is in queue right behind owning a home. I was a teenager when I owned my first business. Since then I have bought or started many businesses and help... |
|
|
Early-warning-systems For Small Businesses
Most of you would say, that this might not be the most important problem small businesses have to solve during their business operation. Well, that might be true, but on the other hand, if your business has an early-warning-system, than it could assist you in operating your business and keeps you focused on solving the bottlenecks you are actually facing. <... |
|
|
Evaluating Job Offers -- Eleven Warning Signs You Must Watch Out For
Moving into a new job always involves some degree of uncertainty. You should do your best to find out all you can abou... |
|
|
Factoring Financing: How To Grow Your Business Without Debt Or Loans
What is factoring?Accounts receivable financing, also known as factoring, is a powerful financial tool that has fueled the growth and success of a number of companies. Factoring enables companies to capitalize on their unpaid receivables by selling them to a factoring company for immediate payment. With factoring, companies immediately get paid for their invoiced work from the factoring finance company, while the factoring company waits to be paid by the customers. Factoring strengthens a business' cash position by shortening the time to get invoices paid to 48 hours and providing the ... |
|
|
Fire Your Customers
It’s time to thin the ranks and fire some customers. That’s right, can ‘em, send them packing and tell them their business isn’t welcome here anymore. Sound crazy? It’s crazy if you don’t!Why would anyone fire a customer? Simple. It’s costing you too much time and money to keep them around. This is obviously not an exercise where you send termination notices to valued clients. This is an exercise to get rid of the dead wood.As you scan your list, there will be a certain type of customer that deserves the ax. Here is the profile: They always quibble over price and once they’ve stripped your profit margin, wi... |
|
|
First Steps To Starting Your Own Small Business
You’ve been dreaming about what it would be like to start your own small business. It has been on your mind since you were in school, and there are times, especially on Monday mornings, that you daydream about it. But, you’re not really sure what it would look like. You don’t have the first clue how to get started, and of course, you’re afraid that you would put your heart and soul into it, only to fail and look like a fool. You barely even talk about it out loud, because you don’t want family and friends to laugh at you. But, anything is possible! The only limitations we have are the ones we put on ourselves! With planning and learning the steps, and doing your homework, if this is something you really want to do, you can do it, AND succeed greatly at it, too!I’m not sayin... |
|
|
Five Steps To Starting A Business
You may publish this article in your ezine, newsletter on your web site as long as the byline is included and the article is included in it's entirety. I also ask that you activate any html links found in the article and in the byline. Please send a courtesy link or email where you publish to: support@multiplestreammktg.com----------------------------Five Steps to Starting a BusinessBy Abe CherianCopyright ? 2005Starting a business can be a rewarding experience, but itcan also be very time consuming and difficult. Manyresources are available to assist you, but informationoverload can cause... |
|
|
Five Tips To Obtain Credit For Small Businesses
Copyright 2005 Monique HawkinsAs many small business owners know, financing is crucial to the financial health of their enterprise. While some small business owners have the resources to launch their business, most look to the credit market for financial help. Indeed, the banking industry is an important source to gain necessary capital. However, many entreprene... |
|
|
Follow-up Marketing: How To Win More Sales With Less Effort
Copyright 2005 David FreyA study done by the Association of Sales Executives revealed that 81% of all sales happens on or after the fifth contact. If you’re a small business owner and you’re only doing one or two follow-ups imagine all the business you’re losing. Not following up with your prospects and customers is the same as filling up your bathtub without first putting the stopper in the drain! But don’t be disheartened if ... |
|
|
For Entrepreneurs A Simple Ira May Be Best
Q: I own a small decorating business and I’ll be the first to admit that I don’t know anything about taxes or retirement plans. I’d like to set up a 401(k) or an IRA or some other kind of retirement plan f... |
|
|
For Entrepreneurs A Simple Plan May Be Best
Q: I own a small decorating business and I’ll be the first to admit that I don’t know anything about taxes or retirement plans. I’d like to set up a 401(k) or an IRA or some other kind of retirement pl... |
|
|
