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So You Want to Be an Entrepreneur…

We entrepreneurs are driven to continuously create, innovate, and sell. Whether your interests favor accounting, real estate brokerage, or business management, or new untapped markets, such as agriculture software, food e-commerce, or public sector technology.

There are many resources available to help you. I suggest the exercise below, which may be familiar. Frankly much of the following is easy access through the Small Business Administration.  If these questions sound too basic for you, you’ll be surprised by how much data will be generated by your honest, thoughtful answers.  (more…)

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4 Ways To Up Your Business Security

iStock_000017173323XSmallBusiness security doesn’t stop at your front door. An office contains far more valuable items than just your laptop and desktop computers. In fact, it is the information locked away in their drives that can put you most at risk.

Every year thousands of SMEs are targeted by fraudsters, who gain access to the personal records and accounts that are stored on their systems. If you don’t make moves to limit access to these files, you could see your business held back before it’s really begun to grow. By establishing a safety net early on, you can ensure your employees know exactly what to do in the event of a data breach. (more…)

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The Franchise Business Model

Idea_Thinking_Woman2Franchising is one of the most ubiquitous business models used in today’s commercial sphere.

The Franchise Business Economic Outlook for 2015, published by the International Franchise Association Educational Foundation, reports that in January 2015, a total of 781,794 small U.S. businesses are franchises. Statista, a statistics portal, estimates that the economic output from these small businesses will generate $889 billion.

With such a foreseeable impact on U.S. businesses and the nation’s economy, some people may be asking: “Exactly what is the franchise business model?” (more…)

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Destroying Your Business Debt in 3 Easy Steps

One of the top priorities for business owners should be paying down debt quickly and efficiently. Eliminating debt will cut your expenses, increase your profits, and allow you to reinvest in your business to generate higher future sales. It also frees up credit you may need later for future investments.

In order to crush your debt quickly, you need to have a plan to make sure you aren’t just paying your bills, but you’re eliminating debt in the most effective way possible. (more…)

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How Voice-Over Recording Can Help Your Business

What’s the Easiest Way to Resolve Work ConflictsEvery day around the globe, firms and corporations rise to the top or sink to the bottom.  Such rises and falls are attributed not only to external factors but also to the successful or unsuccessful implementation of business plans and to the strategies, marketing goals, estimations and forecasts established by these corporations.  Successful marketing goals and strategies that help companies rise rather than fall choose the right media services that will boost the company’s exposure on the proper media platforms. In search of these services, businesses are finding useful tools and resources to reach wider audiences in many different languages, and one of those primary tools is voice-over recording. (more…)

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5 Tips To Prevent Bad Debt

owning and operating a small businessThere is nothing worse than getting a new customer, providing your product or service, and then not getting paid. All too often, this happens because the vendor did not implement some simple procedures. Follow these 5 steps and you can dramatically reduce the chances of not getting paid.

1. Create a Credit Application

Just like a bank, you need to collect information about your customer using a credit application. It can be a simple 1 page document to get basic identification information as well as permission to investigate their credit. Most companies use a 2 page application so they can establish legal terms with their customer to protect the vendor in case there are payment problems. You can find examples online by searching for credit application forms or templates or the free ebook Credit Application Handbook which has 20 samples. (more…)

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LinkedIn Series Part 4: Understanding Analytics

The trend of big data has led to the rise of social media platforms handing their consumers Why Infographics Still Workanalytics on their presence online. LinkedIn is no different. As a small business, understanding your page’s analytics is vital to its success as it gives you a great amount of information on your target audience’s preferences. But with all analytics, there are some key figures and terms to monitor that give the most insight into your successes and failures.

(more…)

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