The financial snapshot of a small business usually reveals no deep pockets, no angel investor hovering in the corner, waiting to help out. Running a small business is the simple tug-of-war between passion to be the one in charge; to create a product or expertly deliver a service; to offer knowledge or skill to the benefit of paying clients without micromanagement of a boss. To do things on your terms. The passion must outweigh the obstacles for the venture to succeed.
What obstacles do most small business operators face?
1. Employee retention. How to find, hire and retain the top talent? ...Read More
If you jump online without a specific goal, you can get lost in content. An e-mail link takes you to a website where you find an interesting headline (and another, and another) and suddenly you're on Facebook recommending another interesting headline. You linger on Facebook to read a few engaging posts (and a lot of useless posts), eventually getting led to YouTube, where the rest of the hour is lost watching videos. Ever happened to you?
What's worse, is as a small business, your content is in there, struggling to surface, hoping to get clicks, along with the rest of ...Read More
Starting your own business seems to be more popular than ever. The entrepreneurial spirit is helping to fuel the American economy, creating jobs and new opportunities, developing a healthy lending environment for online lenders and banks alike, and generally fueling a positive attitude about the possibilities of business ownership and finding entrepreneurial success.
Fifty-one percent of Americans of working age see good opportunity for launching a business--and not out of job necessity, but out of passion, innovation and desire for self-ownership, according to the most recent Global Entrepreneurship Monitor. The ongoing study, compiled cooperatively by Babson College near Boston, and ...Read More
Small business owners know their product or service--it's their lifeline to survival in a competitive and unstable economic world. Whether it's specialty coffee or diamond grinding wheels, salon services or pet grooming, your industry is your expertise. So when it comes to generating leads online, (and that isn't your particular business offering), the savviest of business owners might be left scratching their heads.
But opting out of the Internet is not an option. E-commerce sites are reported to be growing by 19 percent each year and sales are estimated at $1.4 trillion this year. If you don't sell your product ...Read More
You’re a small business owner. You work hard, take care of your customers and do everything the right way. But sometimes that just is not enough. You need working capital to buy inventory, expand your facilities, hire more employees or market for new customers. But where can you turn.
Traditionally banks supply the credit individuals and businesses need. Interest rates are very low, and the loan can be paid back in manageable installments over periods of years. It’s a very attractive option IF your business qualifies. But . . .
The days when banks offered easy credit are over. ...Read More