Business Funds Available for Businesses in 2012

Posted on February 22, 2012 by Maya Pillai
Business Funds Available for Businesses in 2012

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
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Implementing Effective SEO Helps Your Business Grow & Save Money

Posted on December 20, 2011 by Usha Prasad
Implementing Effective SEO Helps Your Business Grow & Save Money

Search Engine Optimization (SEO) is the key to success for any business that is active on the web. It not only helps find relevant keywords when searches are conducted via search engines, but also helps save a big deal of money. As experts put it – “SEO is the best customer acquisition strategy in the online world”. Jason Mark Anderman, President and Co-Founder of the start-up WhichDraft, the site that lets freelancers automatically create sophisticated contracts online and offers lawyers document assembly in the cloud, saved good money this year by learning search engine optimization. “I engaged an SEO expert … Read more

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Implementing Effective Cost Cutting Measures Saves Good Money

Posted on December 12, 2011 by Usha Prasad
Implementing Effective Cost Cutting Measures Saves Good Money

Andrew Schrage, Founder and Editor of Money Crashers, launched his start-up SparkCharge Media – a conglomeration of financial websites including MoneyCrashers, in 2008. He started his business on a shoestring budget at the height of the recession. “With my business plan, I knew how much I had in savings that I was willing to allocate towards the business, and I derived my budget directly from that number. And I found ways to save on just about everything. I did virtually all of the legwork myself in the beginning. I did not have an accountant, I did not have an editor, … Read more

Posted in Reducing Your Cost, Small Business University
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How Small Businesses Saved Money in 2011

Posted on December 8, 2011 by Usha Prasad
How Small Businesses Saved Money in 2011

As a small business owner, every penny you save means a lot. Small business owners across industries have made wise savings by adopting various methods to cut costs this year. When LaShonda Rahming launched a new collaboration platform ‘All About Collaboration’ in March this year, he used resources from all over the world using a platform called odesk that can be found at www.odesk.com.This service is very similar to elance.com where freelancers are registered and businesses looking for talent. He has also co-authored a book ‘The next big thing’, that was among the best sellers on Amazon.”I used them for … Read more

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How ‘musee-solomon’ saved money in 2011

Posted on December 7, 2011 by Usha Prasad
How ‘musee-solomon’ saved money in 2011

Friends, 2011 is coming to an end.  For business owners, it’s time to take stock of their success and failures, finances, and plan for the coming year. When we say finances, what better joy can it bring when you save money in your business? In a series of posts, we bring you success stories of various start-ups and small businesses on how they saved money in 2011 and looking ahead into 2012. FREE Time Tracking software at your fingertips. Today, let’s hear how an international art and design business ‘musee-solomon’, located north of Austin,Texas, made substantial savings. “The economic challenges … Read more

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10 Things to Ensure That You Are Getting Your Loan from the Right Lender

Posted on December 5, 2011 by Tom Cleveland
10 Things to Ensure That You Are Getting Your Loan from the Right Lender

Getting a loan in today’s tight credit market can be a daunting task. It is difficult to be on the “asking” end, especially when it comes to money, but unless you welcome harsh “surprises” in the future, it is always best to perform what is called “due diligence” during the process to make sure that you are getting the best deal in the long run. Lenders have a “bag of tricks”, each one designed to make them more money or pay a higher commission when the loan is finalized. Here is a list of ten things that you will want … Read more

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Why should small businesses and freelancers accept plastic?

Posted on June 17, 2011 by Hetal Somu
Why should small businesses and freelancers accept plastic?

A `Cash Only’ policy can alienate a lot of customers and cause a small business to lose a sale. Here are some great options you can check out. Read more

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Reduce your expenses by saving money on your small business in 2011

Posted on June 14, 2011 by Guest Blogger
Reduce your expenses by saving money on your small business in 2011

If you are a small business owner or planning to start a small business, you should practice all methods possible to save money on your small business. Doing so, you would not fall into debt and as a result, you won’t need to look for suitable debt relief options. Read on to know some tips on how you can save money on your small business. 1. Do not spend unnecessarily – When you start small business you should take care to not spend money on things that are not necessary, particularly if you are relying on investment from outside. Lavish … Read more

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How Commissions are Affected When Reseller Product Prices Change

Posted on June 7, 2011 by Startup Advisory Team
How Commissions are Affected When Reseller Product Prices Change

Many of today’s entrepreneurs make their income via commissions. When reseller product prices change, it can have a direct affect on the commissions you earn. There are three factors that will directly affect the commission you will earn. They are: Buy Rates Minimum and Suggested Retail Price Price Settings Commission is often calculated on the difference between your buy rate and the price you charge your customers. Buy Rates This is the wholesale price you pay for products you buy for resale. As the reseller, the supplier determines what this price will be. Suggested Retail Price and Minimum Price The … Read more

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How to Let Your Market Dictate Your Product Price

Posted on May 26, 2011 by Sales Advisory Team
How to Let Your Market Dictate Your Product Price

If a Business has to be profitable the sale price of its goods or services needs to be more than the cost price. A price that’s too high will lead to reduced sales. A price that’s too low will lead to reduced profits, and consumers that think there’s something wrong with the product. So what’s the answer? Let your market dictate your product’s price, that way you will find the optimum price at which you can make the most revenue. In other words find out how the price elasticity of demand affects your product. This video uses the example of … Read more

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