Learn About Business Basics
As every small business owner knows, or finds out soon enough, it costs more to attract a new customer than to keep an existing customer happy. This is because advertising and marketing budgets to generate new business are limited as is the pool of a...
As every business owner has known throughout the history of time, the number one determining factor in success is location. Other factors are important like starting capital, an innovative idea and great customer service, but inevitably it comes down...
Carrying excess inventory can be one of the biggest mistakes small businesses make especially those with limited capital. Cash flows are often tight and every dollar is allocated to labor, utilities, insurance, various leases and unforeseen emergency...
Interviewing for a position can be a nerve-racking experience. Even the most seasoned job seekers get rusty and may need to brush up on their interviewing technique. During times of high unemployment, competition for available positions can be incred...
Even in the Internet age with smart phones and tablet computers, business cards are still important when interacting with potential customers and other businesses. You might be surprised how many individuals still reference business cards when making...
The United States is known as the land of opportunity primarily for the reason that anyone can come here and become successful. With education and hard work, a world of possibilities is open to those who want to try and grab the brass ring. Many indi...
When you're starting a small business, whether it's on the Internet are not, you should ask yourself a few questions first? Are you going to have a product or service based business? How much capital do you have to start the business? Do you have a b...
Entrepreneurship is more than just having a great idea and working hard to make a dream become reality. It often entails significant planning and sometimes multiple failures before success becomes a possibility. This is because drive and passion are ...
The Small Business Administration, also known as the SBA, was established on July 30th, 1953 by Pres. Eisenhower. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and v...
Starting a small business is always a nerve-racking endeavor for any individual but there are numerous financial and educational resources available which can make the transition to small business owner a successful one. Some of these financial and e...
Giving a powerful business presentation is a work of art. It often rides a fine line between informative and entertaining, as well as attention-grabbing and easy to understand. We certainly know what makes a lackluster business presentation, but what...
Business profitability is the primary measure of organizational success and therefore any adjustments that can be made to current operations to improve profitability can go a long way to long-term success. Sometimes the day-to-day pressure of running...
Whether working at home or working in an office, it is an unfortunate result that in today's multi-tasking environments there never seems to be enough time to do what needs to be done. No matter how many hours you seem to put in there are always task...
Effectively pricing a product in the marketplace requires a detailed analysis and understanding of what factors are in play including consumer demand and positioning against competitive offerings. Additional complications such as an increases in raw ...
Not many companies may realize it but job descriptions are very important. It gives the applicants an idea of what their jobs would be, making them more interested in applying. Also, this is a good way of filtering your applicants since this will giv...
Before taking advantage of a well-earned paycheck, a personal computation of your monthly salary must be in the works to make sure you are being compensated for your services. An invoice is one way to guarantee full compensation and is usually sent t...
A basic organizational chart shows the different departments and jobs within a company. Much like a pyramid formation, an organization chart helps insiders and outsiders to see how a staff or department is organized, who reports to whom, and in gener...