You’ve come up with a great business idea, but now you have to execute it. One of the first dilemmas an entrepreneur will face is what type of business entity to create. For a small business owner, three of the most popular options are a sole proprietorship, an S corporation (S corp) or a limited liability company (LLC).Read more
Having strong leadership is even more important in small businesses than it is in larger corporations. Small businesses need a good sense of direction in order to grow and succeed. You’ll need to be a leader who acts and has a vision for the future of your company and your employees.Read more
When you’re just starting your journey as a small-business entrepreneur, you might be tempted to offer a long list of products or services. After all, what could be better than being known as the best company for all of those services? But in reality, it’s pretty difficult – if not impossible – to establish yourself as the best at something if you’re juggling so many different offerings.Read more
You’ve probably heard the saying “location, location, location!” before. Where you decide to open your small business will be one of the most important decisions you’ll make.Read more
Whether it’s a conference, a business meeting or even drinks at a bar, interacting with new people can be uncomfortable. The bad news is that as a business owner, it’s more important for you than most to get out of your comfort zone. The good news is that it will pay off in some pretty amazing ways.Read more
For many, preparing a budget is a challenge. A good business budget will save money, help you stay out of debt, and achieve your business goals.
A well-planned budget can also help you face emergencies and market trends that cannot be foreseen.
Here are three simple steps can guide you in preparing an effective and stress-free budget for your business:Read more
For a small business, every expense count. Even minor increases in expenses can have an impact on profit and sustainability. Simple, planned steps can greatly influence profits for small businesses.
Small businesses have to also step back and look carefully on past expenses as often as possible to understand business fluctuations better to stay strong.Read more
The key to grow your business locally is by building strong relationships. You need to become the go-to person who the locals can rely on for service expertise.
Though building your customer’s trust is important, there are many other areas which play an important role in growth. Learning about your location and building quality, trust, and timeliness are vital factors for growth.
Here are some simple tips for your small business to gain better position in the local market:Read more
Reports suggest that by 2020, customer service will be far more important than price and product and will be the key differentiator between competitive brands in the future.
As high as 86% customers are willing to pay more for a better customer experience. And, 91% will leave a business when they are not happy.Read more
Kick starting your small business doesn’t have to cost you thousands of dollars in marketing efforts. Thanks to the new wave of digital and social media, there are tons of free and low-cost advertising avenues you can take to generate buzz around your big idea.Read more