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How to Value a Small Business

Posted on March 16, 2012 by Maya Pillai

Whether you are buying or selling a small business, you need to know its worth. If you are a small business owner, before trying to sell the business, you need to get it appraised by a good financial team. Similarly, if you are planning to buy an existing small business, you need to get that business appraised as well. Otherwise you would end up paying more than its worth. Determining the value of a small business can be a challenging task, but it is worth the effort. We have put together a few points which will be helpful when you … Read more

How important is Goodwill in a Business?

Posted on March 15, 2012 by Maya Pillai

“Goodwill is the one and only asset that competition cannot undersell or destroy.” – Marshall Field (American Businessman, 1834- 1906) The economy is slowly coming out of the slump and every business, irrespective of its size, experienced a downturn. One of the reasons many businesses survived the economic uncertainty is because of their longstanding goodwill. So what is “Goodwill” all about? It is an intangible asset for any business because it exhibits the value of the business and what it stands for; such as good employees, client relationships, brand name and its community work. Goodwill is for Business what Reputation … Read more

Posted in Know your Business, Small Business University, Small Businesses, Streamlining Business Processes
Tagged in Business, Goodwill, trust, trust about company, trust for business | Leave a comment

5 Ways to Find a Good Business Partner

Posted on March 14, 2012 by Maya Pillai

It is said that business partnerships are great and would do wonders to propel the business forward, along as they work together. Many small business owners think about taking on a business partner when they feel the need for some help to carry out their businesses goals. Before you look for a partner for your business, you need to answer these questions. Do I really need a business partner at this point? What would he/she contribute to the business? What business tactics, networking or strategies is he/she bringing to the table that will benefit the business? Would I partner with … Read more

Posted in Know your Business, Small Business University, Starting a Business, Working with Partners
Tagged in Business Partner, Partnership, working support, Working with Partners | Leave a comment

How Small Business Owners Should Make Investment Decisions

Posted on March 13, 2012 by Maya Pillai

Each and every small business owner makes decisions daily. Business decisions may be as simple as who on your team is taking the client out for lunch or as complex as developing a marketing strategy or making a business investment. Many small business owners appoint a good financial advisor or an investment manager to make all their investment decisions. A good investment manager should have the following qualities: A proven track record as a start-up/established small business investor. They should possess ample experience and relevant market knowledge. A good network of contacts that can and will deliver market access and … Read more

Posted in Growing Your Business, Increasing Your Revenue, Know your Business, Small Business University
Tagged in business investment decision, Business Investors, Business Owners, Business portfolio, Investment, Investment portfolio | Leave a comment

10 Ways to Control Business Costs

Posted on March 12, 2012 by Maya Pillai

Irrespective of the size of the business, every business is trying its best to cut costs to make ends meet in a recession struck economy. For any business wishing to improve its financial status and gain some sort of stable footing in the market, controlling cost is mandatory. If a firm does not get a hold of its hidden and seen costs, it will find itself in a very uncompetitive situation with a large overhead. As a small business owner, you can control cost by maintaining an appropriate cost structure. 10 Simple Ways to Control Small Business Costs Ensure that … Read more

Posted in Clients, Increasing Your Revenue, Know your Business, Reducing Your Cost, Small Business University
Tagged in control expenses, cutting costs, Increase Your Revenues, Reduce Small Business Costs | Leave a comment

Just One of the Many Successful Business Women

Posted on March 8, 2012 by Maya Pillai

“Sometimes there is an easy road and a hard road, and the hard road may be the one that leads you to where you are going.” Birame Sock (CEO Third Solutions & 2010 Cartier Women’s Initiative Awards Laureate for North America). The Women’s Forum Global Meeting 2011 that was held in Deauville, France commenced with a message that you cannot achieve success without a fighting spirit, creative thinking and continuous persistence. Story of Ayuda Management Corporation Maria Vogt, CEO and President of Ayuda Management Corporation in Broomfield, Colorado, were chosen as one of the top ten women entrepreneurs in 2010. … Read more

Posted in Know your Business, Small Business University, Startups, Success Stories
Tagged in business by woman, Successful Business Women, woman entrepreneur | Leave a comment

Top 10 Successful Women in the Business World

Posted on March 7, 2012 by Maya Pillai

“The great news is that we’re absolutely seeing the number of female entrepreneurs skyrocket in the last year.” – Leesa Mitchell, author of the Kauffman study, Overcoming The Gender Gap: Women Entrepreneurs As Economic Drivers. How many women entrepreneurs have there been in the history of the business world? Thousands and thousands of them; these are women who invested money and time to make money. Some failed, some succeeded. With so many candidates to choose from, it was tough narrowing it down to only 10 successful women entrepreneurs. However, we have put together young as well as veteran entrepreneurs who … Read more

Posted in Know your Business, Small Business University, Startups, Success Stories
Tagged in business run by woman, business women, Entrepreneurs, woman entrepreneurs | Leave a comment

Grant Funding for Women Entrepreneurs

Posted on March 6, 2012 by Maya Pillai

The recent research by the Center for Women’s Business Research and Entrepreneur Magazine discloses that these days, more women are attending college to earn a degree to launch a non-profit organization or start a small business. This report also says that women are capable of running a business while simultaneously running a household and caring for children. Business grants are made available for women to help start or expand an existing enterprise. Grants are also made available for education to meet her expenses in tuition, books and dorms. We have put together a list of agencies which work towards the … Read more

Posted in Know your Business, Small Business University, Small Businesses, Startups
Tagged in Women Entrepreneurs, women entrepreneurship | Leave a comment

Smart Business Ideas for Women

Posted on March 5, 2012 by Maya Pillai

The business world is no longer a man’s world. There are an ample amount of opportunities for women who want to start their own business. Two of the main reasons women venture out to start their own enterprise is because they can work from home and they have the freedom to be their own boss. A report by Catalyst, a non-profit membership association increasing opportunities for women and business, tells that 7.6% of the Forbes 500 top earners and 48.7% of the American workforce are women. For most of us, we find starting a business grueling because we have so … Read more

Posted in Know your Business, Small Business University
Tagged in business ideas, small business, To start an enterprises, woman entrepreneur | Leave a comment

Grants for Women Business Entrepreneurs

Posted on March 2, 2012 by Maya Pillai

There are many successful women entrepreneurs today. They are the role models for many young women aspirants who want to own their own start-up. As a woman, you may have to face many challenges, including the act of balancing your family and business commitments. If it’s a start-up, then you may have to spend all you waking hours planning and knocking on the appropriate doors for financing options. Your immediate financing options would be your credit cards and loans from family and friends. Are you aware of the various financing options that are available for aspiring women entrepreneurs? Getting funds … Read more

Posted in Know your Business, Small Business University, Startups
Tagged in Business, Start-ups, woman entrepreneur, women as entrepreneurs, women entrepreneurship | Leave a comment

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