The coronavirus pandemic has brought the economy to its knees, and economists are worried that we may be heading for a recession. However, the recession does not mean that opportunities have ceased to exist and that we will never come out of it. After all, people still buy things -- maybe not in the freewheeling kind of spending we've seen before, but they are still … [Read more...] about Recession Strategies for Small and Home Businesses
The 101 on Productivity: 7 Business Hacks Every Small Business Needs to Know
Have you calculated your losses due to low productivity? You can't ignore this problem forever. Recent Gallup polling found that $500 billion is wasted on low employee productivity. Reduced productivity throws company operations off course. When one department is slow to produce results, it creates a domino effect throughout the company. If someone doesn't do their job, the … [Read more...] about The 101 on Productivity: 7 Business Hacks Every Small Business Needs to Know
10 Ways Small Businesses Can Compete With the Big Boys
When mass marketers like Wal-Mart and Home Depot are moving into town, many small businesses become fearful for their very survival, particularly if these businesses become a direct competition. Yet despite the emergence of these multi-million dollar businesses, many small businesses continue to thrive and profit in the highly competitive marketplace. You may not be able to … [Read more...] about 10 Ways Small Businesses Can Compete With the Big Boys
How to Grow a Small Business into a Multi-Million Dollar Venture
Some of the biggest conglomerates today started small. Microsoft started in Bill Gates' garage; and so did Apple, which was started in the garage of Steve Wozniack. Mark Zuckerberg started Facebook in his dorm room, and so did Michael Dell when he started Dell. Mattel was also started in the garage of designer and co-founder Harold Mattson, while Google initially operated in … [Read more...] about How to Grow a Small Business into a Multi-Million Dollar Venture
Innovative Ways to Market a Restaurant Business
This morning Tom Martin was the plumber; by mid-morning he was the accountant. All afternoon he was busy doing research and development and ended his work day concentrating on purchasing. Like many small business owners, Tom Martin wears many hats on a typical day as a restaurant business owner. Despite all of his responsibilities as the owner of Taco Box restaurants in … [Read more...] about Innovative Ways to Market a Restaurant Business
What You Need to Know When Starting a Retail Store: Tips to First-time Retailers
Are you dreaming of having your own store? There are a lot of things that you need to understand before starting your retail store. Opening a retail business is more than just leasing a store, putting in shelves and creating your display. Here are some things you need to know when starting a retail store: The store owns you, not the other way around. Once you post those … [Read more...] about What You Need to Know When Starting a Retail Store: Tips to First-time Retailers
Cost of Opening a Retail Store
How much will it cost you to start the retail store of your dreams? Getting this number right can help you gauge whether you can really afford to start and successfully run a retail store. Unlike a home business, starting a retail business requires significantly more capital, more so if you want to locate your store in a high-traffic area. Given the significant investment … [Read more...] about Cost of Opening a Retail Store
8 Tips on How to Keep Your Home Business Legal
For many home-based business, one challenge is to keep up with the myriad legal requirements. Here are tips on making sure that your business meets all the legal requirements of your area: 1. Know the rules affecting your business Before you start your home-based business, find out what government regulations specifically apply to your type of business. You may not be aware … [Read more...] about 8 Tips on How to Keep Your Home Business Legal
What to Do If You Are Audited by the IRS
"You are being audited ..." Words that can strike fear into the hearts of the bravest, most stable and level-headed adults. A federal tax audit is a fearful thing to most of us - and with reason. Instinctively, we know an audit will take time, create frustration, and cost us money. It will make even the most intelligent and honest of us feel inadequate, dumber than a doorknob, … [Read more...] about What to Do If You Are Audited by the IRS
Leaflet Distribution as a Means to Advertise Your Home Business
Leaflet or Circulars distribution is one of the low-cost ways many small and local businesses advertise and spread the word about the products and services they offer. You can have some leaflets printed rather low-priced and distributed in the neighborhood and in the local community. The response rate can be anywhere from 1% to 5%, depending on the quality of your copy and … [Read more...] about Leaflet Distribution as a Means to Advertise Your Home Business
