“The economy has had a dramatic impact on exit strategies” Terry Thompson (attorney with Gallagher & Kennedy PA, Phoenix) Have you ever thought of an exit strategy as a part of your business plan? Can your business continue if you could no longer run it tomorrow? The question that arises in your mind would be, “why should I think of … Continue reading
Winning an honor for your company is every entrepreneur’s dream. Awards make your employees proud and it will set your business apart in the minds of your potential and loyal customers. However, you cannot win an award by just day dreaming about it or sitting by passively. You have to apply for the awards and enter competitions. We have put … Continue reading
Are you looking to start, run and grow your small business? Whether you are a budding or an established entrepreneur, you should attend small business events such as trade shows, training programs or seminars that are held in your area. Small business events are great opportunities to make business acquaintances, share ideas, network and exchange business cards. This is also … Continue reading
Did you know, being one of the best marketing tools, Facebook is introducing Facebook is introducing new Facebook pages? If you have not logged on to your business’ Facebook page in a while, then it is time you do so. Whether you are ready to make the changes or not, your page will undergo a major change come March 30. … Continue reading
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
Getting potential customers to remember and like a brand is a marketing art that is sometimes referred to as “sticky marketing.” Here are a few great suggestions for making any small business marketing efforts “stick” in the hearts and minds of potential customers. 1) Sticky Brand Name– Instead of choosing a name that is too dry or is difficult to … Continue reading
Tax time is around the corner and you can hear the collective groan of small business owners, start-ups and established firms who have to sort out their financial records for the previous financial year. It’s a hassle finding out how much they may have to pay the government at the end of the financial year. If you are a new … Continue reading
Bankruptcy is a curse on your financial report as it can affect your credit score. How long and how much your credit score will be affected will depend on your previous credit history. It also depends on the type of bankruptcy you have filed. For instance, if you file for Chapter 7 bankruptcy, it will be reflected on your FICO … Continue reading
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 valuation as well. Otherwise … 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
