Small businesses are the spine of any economy. If a small business gives back to the local community, the local community will support it. Finally, the growth of a small business depends on the policy of give and take. To support the growth of small businesses, a group of small business supporters got together to form a new phenomenon called … Continue reading
“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 … Continue reading
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 … Continue reading
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 decision in … Continue reading
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 … Continue reading
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 … Continue reading
“Price is what you pay. Value is what you get.” – Warren Buffet In the current economic scenario, small businesses and startups would welcome any financial help they can get. Once they have tapped funds from their friends and family, they may turn to find investors who are willing to invest in their business. However, one must keep in mind … Continue reading
Money management is one of the skills that any small business owners should know. Unlike a large business, finance in small business is linked with personal finances. Therefore, if you are inclined on building a successful enterprise, your personal financial matters should be in order. Important Personal Finance Tips for any Business Owners 1. Maintain separate personal and business accounts … Continue reading
“The circumstances you complain about are, by their very nature, situations you can change — but you have chose not to.” – Jack Canfield (from his book The Success Principles) Towards the end of every year, everyone is keen on making New Year’s Resolutions. But how many of us were able to stick to the resolutions. Not many; the reason … Continue reading
1. Scarcity of Tech Manpower – Austin Entrepreneur Network (Texas) Director, Hall Martin says that “technical labor is a big challenge in this part of the world.” Due to shortage of quality, IT professionals’ small-medium businesses will lean heavily on cloud-based applications. Cloud-based project management and client management will be used profusely in businesses of all sizes to counterbalance the … Continue reading
