If your business is built on a truly original idea, one of the first steps you need to take is to get legal protection for that idea. You need to consider the protection of your intellectual property early in the formation of the business. It is heartbreaking to find that the idea you've worked so hard to conceptualize and develop is stolen by other people and companies. You … [Read more...] about How to Protect Your Business Ideas
Key Success Factors of Your Small Business
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