10 Things That Build Business Value!!
ShareThinking of selling? Expanding? Secure Funding? Retire? Other?
10 Things That Build Business Value!!
1. Establish your brand in the marketplace.
2. Develop your operations manual. Put systems into place that will let your business maintain or grow in your absence.
3. Be vigil in keeping your books current; showing accurate, clearly identified and consistent records. (Remember, besides [...]
What Do You Do If You Have a Great Concept But Need Funding?
ShareWhat Do You Do If You Have a Great Concept But Need Funding?
You have a new “Concept” or “Idea”. Congratulations! Now what do you do?
If the acquisition of capital is your primary goal for your business, then let’s take a step back and see what you need to do.
Many entrepreneurs become so excited with [...]
Read More About - What Do You Do If You Have a Great Concept But Need Funding? »
Did You Know – A Business Plan Can Make You Money Whether You Put It Into Action Or Not?
ShareDid You Know – A Business Plan Can Make You Money Whether You Put It Into Action Or Not?
I am often amused when someone claims they don’t need a BP (Business Plan) because they “fly by the seat of their pants”, or “a BP is a waste of time”; then smugly point out they have [...]
5 Basic Steps Defined for Long-Term Profitability
Share5 Basic Steps Defined for Long-Term Profitability
In case you hadn’t noticed, many articles, experts, textbooks, etc. tell you that you are “confused” if you don’t subscribe to their particular definition of business terms. I too have my set of definitions, and because this is my Blog you will find them listed below.
Please understand that my [...]
Read More About - 5 Basic Steps Defined for Long-Term Profitability »
2 Kinds of Business Owners – Which Are You
Share2 Kinds of Business Owners – Which Are You?
The first business owner fully understands the numbers required to run a company. He knows to the penny the start-up and general expenses, cost of goods, and the break-even point. He sees the trends and how the customers are responding to the company’s marketing and the employee [...]
Read More About - 2 Kinds of Business Owners – Which Are You »
4 Points Identify Your Target Market- Part II
Share4 Points Identify Your Target Market- Part II
During our original discussion of “Identify your Target Market” we narrowed it to 4 main points:
1. Become a specialist! One of the first things you need to do is refine your product or service so you are NOT trying to be ‘all things to all people.’
2. Next, you need [...]
Read More About - 4 Points Identify Your Target Market- Part II »
Identifying Your Target Market
ShareIdentifying Your Target Market
Take a good, objective look at your product and service – then ask yourself…
“Who are, or who will be, my customers?”
Passion – Does it Make a Difference?
ShareIf you are passionate about what you are doing, does that mean you are going to be more successful?
Yes – and – No.
Yes. If you are passionate about what you are doing, you possibly have a greater chance to be successful. One of the biggest reasons is that you are much less apt to resent [...]
“What do small business owners do when they need to hire the first or second employee?”
ShareThis is a very interesting discussion for owners who are questioning what route is best in bringing on new people into their company.
http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers&discussionID=8492557&gid=2877&commentID=7479286&trk=view_disc
9 Tips How to pick a Business Idea – Part II
ShareAs we discussed in Part I, if you have been considering starting your own business but can’t find that perfect idea, maybe the following will help you.
Read More About - 9 Tips How to pick a Business Idea – Part II »
