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…)
They say there’s no teacher like experience. No matter how many books you read or how many successful business owners you talk to, you truly won’t know what it’s like to run a business until you get your hands dirty and… well, run a business. We asked our small business experts what they’ve learned since opening their businesses. Here’s a list of our favorite answers… (more…)
Branding is such an important tool for today’s businesses. It helps companies differentiate themselves, build customer trust, and increase brand awareness. But outside of developing a useful website, logo, and other marketing promotions, what else can businesses do to enhance their branding efforts? (more…)
Once you grab that great franchise opportunity and find yourself in charge of not just a business, but the people that you need to help you run it, you will almost certainly find yourself on occasion having to deal with difficult or delicate employee situations. With this in mind, here are some tips to help you sail these difficult waters: (more…)
A 2014 study by Google found that a little over half of small businesses have a website, though it’s likely that number has gone up since the survey was done. Still, the fact that a little under half of small businesses don’t even have a website it appalling – without one you are losing customers every day. Over 50% of people surveyed said they look up a business online before making a purchase, and that same study found local searches are twice as likely to lead to a purchase. Creating a solid web presence, though, is more than just parking a site under ‘yourbusiness.com’ – you’re going to have to put in a bit more effort to see any real returns. (more…)
Digital communication and modern technologies are omnipresent in the business world of today, but a paperless office is still more a dream than a reality. Printing is vital for day-to-day operations, and you need to pay attention to its costs and effectiveness.
The model you choose depends on how much you plan to print, what it is that you print, and whether you would like some extra features. Startups can’t afford to pour money down the drain, and saving it is often a top priority. (more…)
Besides simply measuring financial success, businesses are increasingly taking environmental and social performance into account, and this has led to the development of a new kind of business executive: the eco-entrepreneur. Eco-entrepreneurs believe that doing good and making money can go hand in hand, and they work to provide innovations, services, and products that are better for the environment while leaving a minimal carbon footprint. While eco-entrepreneurs are a rare breed, they certainly exist, and they are taking a variety of steps to ensure that today’s business ventures are providing for a greener world tomorrow. (more…)
In this week’s Business Basics we’re going over what it means to qualify as a foreign corporation. Let’s say you form a corporation or LLC in one state, but you’ll be doing business in another state. This is pretty common for a lot of business owners. All it means is that you may be required to qualify for a foreign qualification. Filing a foreign qualification allows you to legally operate your business in another state other than the state of formation. (more…)
Small-business owners may need to compare different kinds of health insurance plans for themselves and their families. In some cases, entrepreneurs will even offer group medical plans to help them attract and retain good employees. As business owners strive to keep premiums as low as possible, they also want their employees to enjoy the best benefits possible. Typically, managed care health insurance policies provide the optimum balance between affordable premiums and good coverage. (more…)
Project management is an art which has to be understood both in terms of theory and practical application to be utilised in a successful way. There are dozens (sometimes thousands) of things that can go wrong on any project, from small integration processes to the biggest engineering projects in the world. It is the project manager’s responsibility to ensure that they are dealt with as quickly as possible with as little disruption caused to the project as possible.
There are a lot of good project managers, but not many great ones – how can you elevate what you do to ensure that you’re a level above everyone else working in the project management field? (more…)