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Business Funds Available for Businesses in 2012

Posted on February 22, 2012 by Maya Pillai

Depending on the type of start-up you have, there is a financing model to optimally fund your business. If you are running a home-based business then you can use your savings and credit card loans. If your ambitions and ideas are larger than normal, then you may consider other ways of funding your business. Remember to select your financial options carefully or else it can lead to conflicts between you and your financiers which could then lead to a possible shift in control of your business. We have put together a few ways to get business angel funds. Approach banks … Read more

Posted in Getting Financing, Know your Business, Money, Small Business University
Tagged in Banking, Business Funds, Financing, fund for business | Leave a comment

How to Find Angel Investors for your Business

Posted on February 21, 2012 by Maya Pillai

Have you exhausted the financial help from your friends and family to take your business to the next level? What do you do? It’s time to start looking for someone who is willing to invest in your start-up. Angel investors are investors or a group of investors who are willing to provide you a second-round of funding or the seed money for a startup. In return for their favor, angel investors will take a portion of equity from your company. However, keep in mind that these investors will invest only a small amount of money but will expect a higher … Read more

Posted in Know your Business, Small Business University
Tagged in Angel funding, Business, Start-up | Leave a comment

10 Things You Should Know Before Forming a Startup

Posted on February 20, 2012 by Maya Pillai

For many years you wanted to get away from the monotony of your regular day job and wish to venture out on your own. Starting a start up is a dream held by many of us. However, before you become an entrepreneur, there are certain questions that need to be asked. Is your dream project unique? Will it survive in this economy? How soon will it grow? When will it reach the breakeven point and start giving returns? The only way to know is to try it out. We have put together a few tips that will help you prepare … Read more

Posted in Know your Business, Small Business University
Tagged in Business, Competitors, Know your Business, Start-up | Leave a comment

Looking for opportunity in unhappy customers

Posted on February 15, 2012 by Maya Pillai

Recently, I had gone to lunch with my husband in a small restaurant near his office. I ordered a Greek Country salad, cheese and tomato pasta and Gap juice (mix of guava and pear). I had almost finished half of my pasta, when I noticed there was a small bit of polythene in my pasta. I called the bearer and showed him the polythene. He took back the pasta and came back with a full plate of the same item. Later, as we were leaving, the manager came over to offer his apologies. I was touched by their customer service. … Read more

Posted in Customer Relationship Management, Know your Business, Small Business University
Tagged in customer attention, Customer relation, customer Satisfaction, loyalty, Marketing | Leave a comment

Myths about Small Business Startups

Posted on February 14, 2012 by Maya Pillai

It is the dream of many to become their own boss. Aspiring entrepreneurs see other small business owners becoming successful and think of starting their own ventures and making it big. Many of us see only the pot of gold at the end of the rainbow. However, the realities of starting up a small-medium business are dwarfed by myths. The reason small businesses close down after a couple of years is because they were not able to meet the challenges of the real business world. To save your time and money, we have put together a few points that will … Read more

Posted in Know your Business, Small Business University
Tagged in Business, Myths, small business tips | Leave a comment

The Rise of the Virtual Workforce and the New Roles of HR Professionals

Posted on February 13, 2012 by Maya Pillai

Massive geographic expansion and the need for specific professional skills and competencies have driven many organizations to develop virtual teams that are spread across the world. Virtual teams can be a group of people working for you in various locations or a single person working flexi time from his/her home office. Managing virtual teams is easier said than done. Here we take a look at how the rise of the virtual work force is cost effective and how the roles of the HR professional have evolved to blend and complement with the ever changing workforce trends. Are Virtual Workforces Cost … Read more

Posted in Know your Business, Small Business University
Tagged in Human Resource Management, Human resource professionals, Team Work, virtual work force, work force | Leave a comment

Things you MUST know about Breaking Even

Posted on February 9, 2012 by Maya Pillai

The motto of any business is profit. “At what point will my company start making a profit? When will I be able to take home my salary from my company?” These are the questions asked by all new entrepreneurs. To give a fair idea about when your company’s marketing and sales graph will show an upward curve, we will discuss the break-even point and break-even analysis. What is Break-Even Analysis? When the revenue of the company is enough to cover all its expenses, then you can safely say that your company has reached the break-even point. At this point, there … Read more

Posted in Know your Business, Small Business University
Tagged in Break even Analysis, Break even point, cost analysis | Leave a comment

How to Market with QR Codes

Posted on February 8, 2012 by Maya Pillai

QR codes or also called the Quick Response codes, are a powerful marketing tool which is still a novelty in North America. However, QR codes are widely used in Japan and Europe. Today many small, medium and large businesses in the United States are cashing on this novelty to capture their market and communicate themselves better to their current and potential customers and stakeholders. What are QR Codes or Tags? A QR code is 2-dimensional barcodes which is square shaped. You may have seen them in newspapers ads, advertisements in the subways, fast-food joints and magazines. These days, QR codes … Read more

Posted in Know your Business, Small Business University
Tagged in code management system, Marketing codes, Quick Response Code, trademark, UPC barcodes | Leave a comment

5 Tips to Fund Your Business

Posted on February 7, 2012 by Maya Pillai

Small businesses have proven to be the spine of any economy. According to the report published by Small Business Administration, for more than a decade, 64% of the new jobs have been generated by small businesses. In the year 2011, Startup America was launched by the government to boost the growth of small businesses. Though there’s expert advice available to start your venture, funding is still an issue with many small business owners. When the economy is just recovering from a downturn, it is not easy to get funds for your business. Therefore, before you start your venture, have in … Read more

Posted in Growing Your Business, Know your Business, Small Business University
Tagged in Business, Managing Sales and business, Small Business University, strategy | Leave a comment

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