There is a theory glazed over in every freshman economics course on the way to supply side economics and demand side – I’ve already lost you. Economics might not be your cup of tea, but the theory is worth a listen. It goes a little something like this: Should Tiger Woods mow his own lawn? That’s it. The answer is [...]
An important ingredient in the successful retail or service business is good selling. Without it, many sales are lost–sales that may mean the difference between success and failure. This publication tells how you can train yourself and your employees to become creative sales people.
This guide is designed to help women business owners become more successful by providing them with information about marketing their goods and services to the federal government. It is published by the Office of Women’s Business Ownership of the U.S. Small Business Administration.
An appropriate record-keeping system can determine the survival or failure of a new business. For those already in business, good record-keeping systems can increase the chances of staying in business and the opportunity to earn larger profits. Complete records will keep you in touch with your business’s operations and obligations and help you see problems before they occur. This publication [...]
“Inventory” to many small business owners is one of the more visible and tangible aspects of doing business. Raw materials, goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Likewise, merchandise stocks in a retail store contribute to profits only when their [...]
Considering accepting credit cards using your mobile phone. For many small business owners processing credit cards can represent an exciting and potentially lucrative opportunity. Here are a list of the top mobile processing options available on the market today.
It might not technically be summer yet, but it’s here nonetheless. And It doesn’t have to pass your business by the wayside. In the midst of a down economy there are a number of ways to beat the heat, and skip your wallet, while searching for an expanded customer base. Here are our top three ways to reach out to [...]
All small businesses must staff their operations. This involves bringing new people into the business and making sure they are productive additions to the enterprise. Effective human resource management matches and develops the abilities of job candidates and employees with the needs of the firm. A responsive personnel system will assist you in this process and is a key ingredient [...]
Small businesses often fail because owners are unaware of the many elements that can prevent the business from growing and being successful. Often, small businesses are organized around the manager’s specific area of expertise, such as marketing, accounting or production. This specialized expertise often prevents the business owner from recognizing problems that may arise in other parts of the business.
Going into business, either independently or with others, is a dream that most Americans would like to fulfill during their lifetime. Each year more than 1 million new businesses start up, while more than three to four times that number never leave the planning or thinking stage.