Every business requires at least one supplier. Most require many. The quality of that supplier and the goods or services they provide will have a direct impact on your profitability. Today it’s much easier to find suppliers thanks to the internet. However, not all suppliers are legitimate so proceed with caution. These 5 things can help you choose legitimate suppliers. … Continue reading
The old school of thought that facing off against your competition was the only way for business to operate simply has gone by the wayside. Today, networking is considered important to the modern business and a good relationship with the competition is actually sought after. It’s not as difficult as you might think to get in among your competitors. Networking … Continue reading
Expanding your business into a new geographic area is one of the riskiest undertakings your business can participate in. Did you know that nearly 35% of all geographic expansions do not exist only two years after the expansion occurs? That’s just a little over one third. The good news is that the same percentage are profitable, however to enjoy that … Continue reading
When one business purchases another business the use of an acquisition agreement is critical. While these transactions can vary greatly based on the size and type of business, there are two types of acquisition agreements used – an entity purchase and an asset purchase agreement. The type of acquisition agreement that is appropriate for your purchase will depend on a … Continue reading
Purchasing an existing business begins by determining what the right business is for you. You can work with a business broker or you can do it on your own. Before agreeing to any purchase use this checklist to evaluate whether this is a good buying decision or not. 1. Inventory – This is all the products for resale. You need … Continue reading
Anytime someone decides the time is right to start selling online business, it’s exciting. However, that excitement can quickly turn to frustration if you don’t understand the difference in selling online and selling offline and therefore they try to do things in their online store the way they would in a traditional store. When you walk into a traditional store, … Continue reading
The number of networking opportunities available is many. If you are ready to take your networking opportunities to the next level, you’ll want to read this article. The wider your network the more targeted traffic and the higher your revenue. To build customers you need to be trustworthy and you need to be memorable. When you are choosing your URL, … Continue reading
Did you know there are at least a dozen ways you can raise your prices and your customers won’t even notice? Pricing isn’t all about logic. Our brains are programmed to notice some things while not even seeing something else that’s right there in front of us. For example, if you sell something for $9.99 rather than $10 it’s a … Continue reading
When it comes to business in order to sell your products or services two things must happen: 1. There must be a demand for what you are offering 2. It must be priced right so that the consumer chooses to buy that product If either of these elements is missing then there will be no sale and no revenue. But … Continue reading
There are many different types of entrepreneurs, but those who open their business and are highly motivated to grow their business will often look to joint venture partners to help them achieve their goals. Joint venture partners can help a business owner get the investment they need multiplied in a short period of time. Entrepreneurs seek out joint venture partners … Continue reading
