Planning and Strategy: General
Where can the leader of a small business turn for objective and trustworthy counsel on matters critical to the company’s success? An executive coach might just be the answer.
It’s the rare entrepreneur who can truly claim to be a “master” of every business facet. Slow periods, whether caused by seasonal or economic conditions, can be the perfect time to improve your skills
Finding the best price for a great vacation requires patience and flexibility. If you don’t plan to put a package together at least a year in advance, it’s hard to find the best deals. But, sometimes, waiting until the last minute nets you the best price on a package or even a la carte travel
The pace of innovation, especially in computer hardware and software, can seem blistering. But do you always need the latest and greatest?
Simply buying a software package doesn’t give you the right to put it on every machine in your office. In fact, even though you may not have intended it, software piracy has very real consequences. Getting caught could mean fines of $150,000 or more.
As the economy continues to tighten, cash flow concerns mount for any business owner. If you’re thinking of sinking significant capital into any technology, communications or other office equipment, it might make sense to weigh the benefits of leasing.
Leasing might be just the right thing to help you improve your cash flow. But making sure you’re armed with the right information before you sign on the dotted line can help you make the best deal.
Several federal regulatory agencies, including the Department of the Treasury and Federal Trade Commission, have adopted final rules requiring anyone extending credit to adopt policies aimed at fighting identity theft. Here’s what you need to know.
While there are many fee-based companies that offer demographic and other statistical information designed to make your marketing more effective, there are several great sources that will cost you nothing
The $168-billion Economic Stimulus Package for the American People Act of 2008, recently signed by President Bush, is intended to help middle-class taxpayers. But small business owners may be the big winners.
In much the same way you would seek the help of a qualified tax or financial professional for your business, it helps to hook up with the right attorney from the beginning. You need someone that can give you the right guidance when it comes to legal situations.
While we typically want less involvement in business on the part of government, Uncle Sam offers a wide range of ways to help start and grow small businesses, in particular. Here are a few of the key programs offered by the federal government.
Sources for competitive intelligence don’t have to be expensive—they run the range between free and fairly costly. Here’s how you can build a solid group of research sources.
In his book, Good to Great, author Jim Collins discusses the “Hedgehog Concept.” He says that it’s “not a goal to be the best, a strategy to be the best, an intention to be the best, a plan to be the best. It is an understanding of what you can be the best at. The distinction is absolutely critical.” In this article, Collins describes how the Hedgehog Concept works in developing a foundation for good-to-great companies.
Your product or service has been doing well for the past year or two, but you’re seeing sales start to lag or a competitor has developed something a little too close to what you offer. It may be time to add a product or service line extension
One element shared by every great business is the people. From the process of finding the right candidates to making sure they’re incentivized to stay, finding, and keeping, good people is at the core of success.
Big businesses—Continental Airlines, Hewlett Packard, Wal-Mart and others—have been making waves lately with their highly publicized “green” programs. But as far as positively impacting the environment is concerned, small businesses have a much greater opportunity to do more.
If you’re looking for way to go from “good” to “great,” these resources can help you develop the road map for getting there.
If you’re going to make a business decision based on something you find on the web, your decisions will only be as good as the site itself. Learn how to spot online content and resources that are credible and verifiable.
Two well-known nonprofit organizations, the Edward Lowe Foundation and the Ewing Marion Kauffman Foundation, offer excellent small-business content and resources.
A brief review of recent online small-business services from well-known organizations.
You can’t account for every second of every day, but at least you can set key priorities and finish the day feeling as though you’ve accomplished your “must haves.” Here’s a sampling of systems and resources that can help you manage and budget your time.
How many times have you sat down to review your e-mail and then looked up at the clock to see that you’d lost a valuable hour? It’s easy to say that you need to both prioritize your time and narrow your focus, but it’s no easy task.
Get a deeper understanding of sales outsourcing and its uses and benefits.
Children are the world’s best negotiators. Here’s what they know that you should.
Among the benefits of taking sales out-of-house is the opportunity to gain increased exposure in new markets, conserve capital, test-market new products and, of course, keep overhead down.
Outsourcing can be effective, but it’s not for every company. Here’s a clear perspective on the pros—and cons—of outsourcing abroad.
Outsourcing may work for your business, but you have to do your homework. When you clearly understand the overall benefits, how you can make it work for your specific needs and what the possible downsides are, you put yourself in the best position to find the right outsourced resource.
For most small business owners, vendors and suppliers are the lifeblood of your business. Pre-qualifying suppliers helps you create lasting partnerships based on trust.
When you need help selling and you don’t have the income for a full-time hire, a sales representative or rep firm—someone with the right contacts who earns money only if you do—may be the right answer.
What does it take to be a good business leader? Today’s leaders demonstrate a wide variety of specific characteristics and traits. Do you see yourself in this inventory?
CEO or peer advisory groups are becoming an increasingly common tool to help non-competitive small business owners voice and address their toughest challenges, while creating excellent networking opportunities.