Only about 40% of small business owners have consulted with a financial advisor. About 30% haven’t calculated how much money they will need for retirement, and less than 25% have a succession plan in place. Most small business owners want their business to succeed and to be passed down to a successor. But it’s difficult […]
Owning a business is a dream many want to achieve, however, it comes with its own challenges. Hard economic times or financial constraints can make it difficult to keep your business afloat. Don’t despair, here are a few tips to help you save money quickly for your business, after all, aren’t most of us in […]
When it comes to running a business, passion and motivation are vital, but it’s important to remember that, without cash, you can’t get anything done. Because of this, it’s crucial that you manage your money well and do what you can to stop wasting it. Regardless of how it may seem sometimes, your money can’t […]
There are a lot of things to consider when starting a business. What’s your marketing strategy? Who are your customers? How will you reach them? How will you fund your dream of being an entrepreneur? These thoughts can be overwhelming before you even consider minute details, such as how you’ll structure your business. There are […]
As either the owner or someone responsible for the running of a business, it can be all too easy to become consumed by the firm’s ultimate bottom line. Businesses are ultimately judged on profit, or lack of, and with each quarter of the year moving swiftly by you can be forgiven for not thinking about […]
Running a small business is already complex enough and it never seems that you have enough time to get the work done. One of the major things that can help to take down on the amount of time that you will spend answering questions at the business is by getting the right signs in place. […]
Contrary to what many people believe, having debt isn’t inherently a bad thing. After all, how can you buy a house, a car, or start your dream business without taking on at least a little debt? The issue becomes when the debt-to-income ratio becomes imbalanced, or in other words, the amount of debt is disproportionately […]
How micro and small businesses start up can over time actually break them hence the very high failure rate of businesses set up by entrepreneurs. Commercialising a product or service without securing the investment and working capital required to take the business to the next level is common. From the get go and these operators […]
Standing out as a business in 2018 can be challenging. Powerful marketing and exceptional service are imperative to gain new customers. However, while these two factors contribute to the success of a business, a company needs to do a great deal more to stand out in a competitive market. Choosing the right software is one […]
The job of running a business is time consuming and often stressful. A business owner has to be a multi-tasker because there are so many elements to keeping a business successful. However, thanks to some innovative entrepreneurs, there are tons of services you can find online that will help you to get things done in […]
When it comes to running a business any successful entrepreneur can tell you that the backbone of your success is in your clients. Without your clients, you wouldn’t have a source of income or a reason to get up and work every day. Taking your clients for granted is a fast track to going bankrupt. […]
Owning and running a business is an incredibly exciting thing to do. However, as with all things that are exciting, there is also risk involved. This risk is often high for owners as it is their money and reputation that is on the line if the business fails. Something that means it is a sensible […]
When it comes to running a business, it’s important to have a strong team behind you. Without a dependable group of employees who you know you can count on, you will find that everything starts to unravel quickly. Some business owners make the mistake of assuming that good employees come along easily. However, it’s important […]
Being a business in the modern world can often feel like treading through a minefield. At every turn, you will have to face new issues, complaints, and rules which are all given to you by someone much higher up the food chain. Of course, though, one of the biggest challenges you face is safety. Whether […]
Two brains are better than one, or so they say. The thought of going into business with a colleague or associate might sound very attractive, and it’s far from uncommon in the world of business. However, the truth is it can end in disaster, so it’s not a decision that should be made lightly. Here, […]
When you run a business, choosing a price point that is right for both your business and your customers is essential. After all, this will form the whole basis of your company and it is important that you consider your decision from every possible angle. The entire process can be made easier by price mapping […]
