Success, they say, is "where preparation and opportunity meet." But how do you define and measure success in your business? How do you know if your business is a success? Can you tell if you are on or off course? If you are off-course, what corrective action(s) can be taken? An important part of planning your business entails knowing the key things that can tell you when you … [Read more...] about Key Success Factors of Your Small Business
How to Make Better Decisions: Tips for Entrepreneurs
Entrepreneurs are constantly deluged with challenges and problems day-in and day-out. As a business person, you need to make decisions everyday -- from getting customer orders fulfilled, deciding on buying a new equipment, getting a bank loan approved, extending your working hours, increasing your office space, and strategizing how to get more customers. Whatever decisions … [Read more...] about How to Make Better Decisions: Tips for Entrepreneurs
Are You Prepared For Retirement?
SPONSORED CONTENT: After nearly 40 years of work, I decided to retire two months ago. After a few weeks, I realized that there is just so much golf and sleeping a man (or woman) can handle. I also must support my daughter’s last year in law school; not to mention that my first grandson was born in April. The need to keep busy, stimulate my mind and generate money above … [Read more...] about Are You Prepared For Retirement?
What is Warehouse Management? A Primer for Small Businesses
If you are selling tangible products, you may start storing them in your garage or extra room in your house. As the business grows, your employees now handle the inventory and manage the space for storing your products and supplies. Then you start thinking of warehouse management for your small business. Managing inventory in a product supply chain can be a headache. Your … [Read more...] about What is Warehouse Management? A Primer for Small Businesses
Leasing Office Space for Your Small Business
If your home cannot accommodate your business, or your home business has grown sufficiently that it now warrants its own space, then it's time to consider leasing an office space. Here are the factors that you need to consider when leasing an office space for your business: Location of Vendors The location of vendors and various third parties can be important in selecting the … [Read more...] about Leasing Office Space for Your Small Business
Making Money with Affiliate Programs: What to Watch Out For
If you have no product of your own, you can earn money by selling other people's products at your web site. Many merchants, like Amazon.com, IBM, AOL, Dell, hp, and others make use of small and home based business websites by offering to pay commissions through affiliate programs. Affiliate programs offer a variety of commission structures. Some of these may be based on viewer … [Read more...] about Making Money with Affiliate Programs: What to Watch Out For
How to Provide Online Customer Service
For small businesses on Main Street, Park Avenue, 42nd Street, etc (real businesses) - it's VERY EASY to have great customer service and interaction. You really can't help it! As long as you've got a ready smile, firm hand shake and can resolve customer problems satisfactorily - you'll probably do just fine. However, online - you are dealing with nameless and faceless … [Read more...] about How to Provide Online Customer Service
Global Wholesale Distribution and Price Market Research
One possible business you can start on the Web is global wholesale distribution. This requires choosing an industry to target (e.g. brand named consumer electronics), obtaining a list of verified suppliers from a reputable source, and selling the items you've purchased in your own market for a profit. The global wholesale distribution business entails moving merchandise from … [Read more...] about Global Wholesale Distribution and Price Market Research
Factors to Consider When Buying a Business
One way to get into entrepreneurship is by buying a business. The weak economy has provided a boost for those who are in the market for buying a business, given the wider range of available businesses to purchase. Pros and Cons of Buying a Business Buying a business represent a less risky way of starting a business. But like any other choices in this world, it has its … [Read more...] about Factors to Consider When Buying a Business
Press Kits: How to Increase Your Chances to Get Publicity
Small business owners and home-based business have to be constantly looking for new leads and prospects to increase their chance to survive and grow their business in such hectic times. Statistics show that small business are responsible for about half of the employment rate and still counting in the United States, but also state that these business need to develop … [Read more...] about Press Kits: How to Increase Your Chances to Get Publicity
