Everyone knows Black Friday is the largest shopping day of the year for consumers to snatch up deals at big box retail stores. But for too long, small businesses missed out on the flood of customers. In an effort to remedy this, American Express founded Small Business Saturday in 2010, encouraging shoppers to buy from small, local stores on the day after Black Friday. (more…)
This is part two in the series of how I became an entrepreneur.
Although there are several different types of leadership in business, for the most part, there are two different types of roles and people who take them on. There are those who create projections, understand cash flow, expenses, employee roles, payroll, taxes, and start up costs. And there are the rest of us. We figure it out, estimate, plan in our heads, see the plan, move forward while creating the plan and bend like a river to accomplish our goals. (more…)
Regardless of the business or franchise opportunity, one of the best ways to learn how to be a good owner or manager is to study the traits of those who have been successful and to emulate those things they do that seem appropriate to your situation. What some businesspeople may forget, however, is that they can sometimes learn from non-businesspeople too, and that shining examples are all around us. (more…)
We have all struggled to be more successful, and every wannabe business guru has a bag of tricks they’re eager to sell you. Successful entrepreneurs never stop looking for better business results. They improve their own productivity, and the efficiency of the team.
Complaints from entrepreneurs and employees about the hours they work, and the lack of pay are all too common. Most small companies continue to pay many key employees hourly regardless of their output. Under this system they’re getting exactly what they pay for; hours, not results. (more…)
Important client negotiations are happening over lunch every day. But what happens when what’s on the menu isn’t something your client can eat, or wants? With nothing to eat, the client’s blood sugar drops and he gets ornery. The negotiations break down and the deal falls through. How can you avoid this situation when planning a corporate meal?
Take a look at this Infographic provided by Blue Plate Catering:
As customers transition to buying and communicating via mobile channels, the importance of customer engagement has also increased. Customer engagement is essential in driving sales, and customers who are involved in a positive, engaging customer experience are more likely to offer return business to a company in the future. Today, mobile marketing strategies are becoming increasingly popular to engage customers on the go, and businesses are wise to follow some simple strategies to improve customer engagements via these avenues. (more…)
Everyone who starts a new business or takes advantage of a franchise opportunity hopes that once the decision is made, the business will succeed. This optimism is a good thing, but it’s important not to approach business ownership in a naïve manner.
The sad fact is, not every new business succeeds, and, in fact, many don’t. In some sectors, such as restaurants, most actually fail. Success is not guaranteed, but there are some things you as a new business owner can do to dramatically increase your chances of success: (more…)
For the average person, buying or selling a business seems as easy as finding the right match to sell or buy. However, there is more to it than just handing over the keys to your business. It can be simple with the help of a conveyance expert to help smooth out the legal processes. It seems complicated, but as you buy a business, a registered conveyancer assists in the settlement process and ensures that your interests as the client are fully represented. (more…)
For entrepreneurs in all stages of the business lifecycle, finding funding to jumpstart your business is an integral part of the journey. Not having access to enough capital can quickly derail even the most well laid-out plans, and it’s a problem many entrepreneurs still face, in spite of improving consumer and business confidence. According to the Federal Reserve’s Joint Small Business Credit Survey, 50 percent of small businesses received none of the financing they had applied for in the first half of 2014. (more…)