Archive for July, 2013
Did you know that there are 23 million small businesses in America today, and these businesses account for about 55 percent of all sales in the US? Owning and running a business can be rewarding, but daunting at the same time, especially for those new to it. There are several steps you can take, however, in order to ensure that your business not only stays around, but remains profitable. Here are our three top tips for small business owners.
1. Know basic finance
This sounds obvious, right? Surprisingly, however, the biggest source of failure among small businesses is financial incompetence, accounting for 46 percent of all tanking businesses. This includes entrepreneurs who embark on running a business without paying taxes, price by emotion rather than market value, live too high, and do not pra
Communication is the center to all relationships. That includes relationships made within the business atmosphere. Unfortunately, small problems can turn into large ones when they are not properly brought to attention and discussed. To avoid problems like this here are a few business communication tips that you may want to follow.
One business communication tip is to use and allow instant messaging. This fast communication tool can be used instead of email, or to supplement email. The instant messaging tool allows for a quick paced conversation style dialog. It can make contacting someone much easier than playing phone tag with them or physically moving yourself to where they are. This practice is not expensive and merely takes the use of the internet and downloading an application on to computers. With