Small Business Information

Financial Fundamentals - What Every Small Business Owner Should Know!

Business owners rarely go into business to deal with the financial aspects of running a business. It?s easy to understand why! You are passionate about the products or services you provide and want to focus your time there. The financial aspect usually falls to the bottom of the ?desired responsibilities? list. It is critical to the long-term success of your business that you understand some of the Financial Fundamentals of being a business owner though. You don?t have to be an accountant or financial analyst, but it is important that you have some key skills in your business toolkit to measure the financial aspects of your business. It?s okay to outsource this activity so that someone else can do the work you don?t like to do, but make sure you understand the output of the financial information. You?ll need it to help you make informed decisions about your business. Remember! Accounting is not just about taxes. There?s so much more to know about the numbers, so you?ll know how your business is doing from the management perspective.

5 Tips for Hiring a GREAT Bookkeeper

Bookkeeping?the ?dreaded? word is something we all have to worry about. Business owners rarely go into business to deal with the financial aspects of running a business. It?s easy to understand why! Who wants to do all those boring record keeping functions? Not many. Therefore, one of the first things most entrepreneurs do is hire a bookkeeper. Though hiring a friend, relative or anyone who isn?t experienced with the basics of bookkeeping may be a recipe for DISASTER!

Motorizing for Profit - The Craftsmen Have Left the Building

In the summer, I can't drive two blocks without seeing the activity of the construction industry. Road contractors, house builders and landscapers are everywhere.

Reverse Merger: Have They Taken the Reverse out of Reverse Merger?

Are the promoters and consultants destroying the market for Reverse Merger? First lets take a look at reverse merger. In a Reverse Merger, an operating private company merges with a public company that has little or no assets, nor know liabilities (the ?shell?).

Doing Business With Friends: Five Tips for Preserving the Friendship... and Your Sanity!

My colleague, Jane, recently lamented to me an all too familiar story about mixing business and friendship. Jane subcontracted copywriting work out her friend, Joan. Jane?s copywriting business was blossoming (partly in response to her most recent brilliant article marketing campaign) and giving the work to Joan seemed like a win-win for both of them.

Pressure Washing and Hospital Accounts

Most pressure washing companies never look into some of the best niche markets. One, which you may not have thought about is Hospitals and if you run a pressure washing company it can mean good steady income. When contract cleaning you must figure out the needs of your clientele; Hospitals have special needs, which are not common to other businesses and if you are careful to address these needs you will be well served. One recommendation I give pressure washing companies is to bundle services. This does two things; 1.) It prevents price wars with low bidders or first time entrants into the industry and 2.) It enhances the monthly invoices for services rendered.

Creating a Paperless Office

When working from home, it is usual to find that you have your office in an area that is not very big, such as a box room or even in the corner of the kitchen. When your business really takes off, you will begin to discover that your work area starts to get swamped by paperwork and that you are running out of storage space.

How the Crab Effect Obstructs Growth and How to Conquer It

Some of the greatest words of wisdom for any man or woman seeking change or growth are, "Surround yourself with people who will support and believe in you."

20 Great Ways to Market Your Business Locally

Whether your target audience is in your neighborhood or across the world, you can use your local resources to get the word out about your business. Your local community is easily accessible and provides dozens of opportunities for building a buzz about your product or service. The following are twenty ideas to get you started.

Employee Monitoring - Business Risks For Employers And How To Avoid Them

E-mail and Internet use are integral parts of the typical worker's daily routine. Because of its speed and overall convenience, e-mail has replaced the interoffice memorandum as the preferred method of communication. Employee access to the Internet also is important as a means of conducting job-related research and transactions.

Look Like Sizzle, Be The Steak

You've heard marketing and advertising gurus quip, "Sell the sizzle, not the steak." Advertising initiatives best reach their target audience with benefits and the "wow" effect, not the value or features of their product or service. This may work well to get customers in the door. But once they're in, you better have some substance. How can you ensure you uphold the integrity of your business and still maintain the "Wow Effect"? It just takes well executed strategic steps for business AND personal development:

Collaborative Negotiating: A Win-Win Strategy


A Business Tail: Veterinarian Foams at Mouth, Chases Tail, Learns New Tricks--Case Study

Many self employed professionals find themselves overwhelmed, frustrated, and confused when it comes to running their businesses. The deep skills they have in their professional field do little to prepare them for the dog-eat-dog world of running a business. The following is a case study from the client files of small business expert, Caroline Jordan, detailing a typical professional?s experience trying to run a business without foaming at the mouth.

How To Write A Business Plan

Writing a business plan is a fundamental step to ensuring your business has every chance of succeeding. Common statistics state that 9 out of 10 businesses fail on the first 5 years of operation, and of the remaining 10%, 90% fail in the following 5 years.

How to Start a Paper Shredding Business

Paper Shredding Business Opportunities are blossoming up everywhere because in recent years, privacy concerns and new policies have forced companies all over the country to invest in paper shredding services. Large corporations and small are in need of shredding services.

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