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Articles in Home | Business | Small Business articles Title|Newest|Oldest How To Build Business Credit  By : Roy Thomsitt Having their own business is something many millions of people dream of doing. Many do, of course, but so many others never quite get around to it. One of the factors that may discourage people from getting that business off the ground, is a lack of start up capital; and another may be the risk of losing their own money. Innovation incubator: Build it and keep it running  By : Steve Singleton If your company is like the one I work for, your people are talking about the need for innovation. Mine has just announced a new program "that will bring a standardized approach to gathering and evaluating your ideas for generating new revenue and improving our business." An Innovation Team has just formed, with a new electronic mailbox and a contest offering cash prizes for the year's best ideas. Choosing A Business That's Right For You  By : Tim Knox Many successful businesses have been built by taking a traditional business and making it better. Domino's Pizza was certainly not the first to offer home delivery of pizza, but they were the first to guarantee it would be delivered piping hot to your door in 30 minutes or less. Amazon.com was not the first company to sell books, but they were one of the first that would let you buy books from the comfort of your own home while sitting in your underwear. Business Lessons Learned At The Mall  By : Tim Knox No offense to my mall merchant brothers and sisters, but a trip into the deepest jungle is more appealing to me than a trip to the mall. I get no joy out of trudging from store to store, attempting to communicate with salespeople from other planets, browsing discount racks of last season's dollar merchandise and peering into windows at mannequins that seem to be in some sort of inanimate pain (why can't they make a happy mannequin?). If It Was Easy Everybody Would Do It  By : Tim Knox Even on the best of days running a business can be incredibly stressful, not to mention overwhelming and exhausting. It's only natural that there will be times when you wonder if it's really worth it. Asking yourself the "should I just get a real job" question simply means that your human side is showing. And as a human you have a limited tolerance for things you can not control. And that's really where the stress of being an entrepreneur comes from. SBA's 8(a) Program Can Help Some Companies Compete  By : Tim Knox The 8(a) Program (named after the section of the Small Business Act from which it comes) is an SBA program created to help small disadvantaged businesses better compete in the U.S. marketplace and within the arena of government procurement. The SBA provides business development, technical assistance and other services to the small businesses that are accepted into the 8(a) program. Starting Your Business By The Book  By : Tim Knox To begin, here's the best legal advice I can give you as a new business person: find yourself a good lawyer and make him or her your very best friend. Granted, your new best friend will charge you an hourly fee for chatting on the phone or talking business over lunch, but you'll find it to be money well spent. A good attorney can save you far more than the cost of his services. I rarely make any decision that has the potential to impact my business without first consulting my attorney. The Joy and Hazards Of Finding Your First Office  By : Tim Knox Putting your name on a commercial lease is one of the first tangible commitments an entrepreneur makes to his or her business and searching for that first office or retail space can be a truly invigorating experience. How To Tell If Your Amazing New Product Idea Is Really Worth Gambling On  By : Tim Knox I'm a lousy poker player, mainly because I can't help grinning like the village idiot when blessed with a winning hand or frowning like a sad clown when dealt a dud. I also never make odds on the success of "amazing new products" because more often than not the only thing that's amazing is the way the product is totally ignored by the buying public. The "Other" New Year's Resolution  By : Tim Knox "This year I will start my own business!" I call it "The American Dream Resolution," and like most New Year's resolutions it is a proclamation of intent that is often made, but seldom carried out (at least in an effective manner). The Business Autopsy: A Fact Of Life  By : Tim Knox Starting a business is never easy and the odds of your success or failure are about even money. The fact is, approximately half of all small businesses fail within the first four years. And a large percentage of those failures occur within the first year. These are the statistics that keep many entrepreneurs awake at night. Like Sisyphus, always pushing that boulder to the top of the hill only to have it tumble back to the bottom each time, you never know when you're going to lose your grip on your business and have it tumble back over you. The "Code of Conduct"  By : Dr. Rick Johnson It seems almost ludicrous that this is a topic that many of us should consider in privately held distributorships. When I suggest there may be a need for a “Code of Conduct” I am not talking about a need based on employee behavior, I am talking about the need based on family behavior. The family business is a cornerstone of the US economy. It’s the American way, free enterprise and all that gooey stuff we read about. And, it’s true. Family owned/privately held organizations in wholesale distribution, both small and large, with succession issues, family preparation and second and th Entrepreneurs Just Get Better With Age  By : Tim Knox According to recent studies 22 percent of men and 14 percent of women over 65 are self-employed. That's compared to just 7 percent for other age groups. According to a Vanderbilt University study the number of entrepreneurs age 45 to 64 will grow by 15 million by 2006. What's In A Name? When It Comes To Your Business, Plenty!  By : Tim Knox In fact, deciding on a business name is one of the most important decisions you will ever make. The right business name can help you rise above the crowd while the wrong business name can leave you trampled in the rush. How Good Is Your Big Idea  By : Tim Knox Every business idea, no matter how good it sounds while bouncing around inside your head, should be put to the test before you invest time and money into its execution. Success lies not in what you think of your idea, but what the buying public will think. Many entrepreneurs find out too late that the public’s opinion of their idea differs greatly from their own. Web and Video Conferencing: Who's Using this New Technology?  By : Dan Richmond In the mid 1990s a few individuals and companies, seeing the potential of the relatively unknown Internet, took advantage of this new medium and got a head start on everyone else. Similarly, today a few innovative companies have enthusiastically embraced web and video conferencing and are reporting great benefits from this under-used application. ATM Machines - Does Your Business Need One  By : Shane Penrod If you’re reading this article, then the answer is probably yes, but before we get ahead of ourselves. You need to ask yourself a few questions regarding the actual location you plan on placing your new ATM machine. Restaurant Merchant Accounts  By : Shane Penrod Some eatery entrepreneurs enjoy the old fashioned style of cooking and serving customers themselves, while others are experimenting with the latest technological enhancements via restaurant merchant accounts. While it is always enjoyable to dine at a restaurant where the owner or manager employs a personal touch, there are times when a customer appreciates modern conveniences like a server’s use of a pager or paying by credit card that are unavailable at many old-fashioned establishments. High Volume Merchant Accounts  By : Shane Penrod As your business continues to grow and customers buy more goods and services, you may want to consider joining those who are applying for high volume merchant accounts. When you are approved for a high volume account, you can get good prices on mid- and non-qualified sales, along with debit processing, monthly statement fees, and additional expenses. The greater your volume of business, the better deals you may be eligible for when working with financial institutions or companies who can provide this valuable service. Small Business Merchant Accounts  By : Shane Penrod A small business merchant account may be just what your company needs to edge out the competition. If your customer base is growing or they are asking increasingly for credit payment options as well as for information about your products and services, a merchant account can answer their questions and help to grow your business while leaving your competitors in the dust. 7 Things to Consider Before Buying Small Business Accounting Software  By : William Siebler The world of small business accounting software can be a minefield for any business owner. However choosing the right package is one of the most critical business decisions you will make. Here are the seven things you must consider before making a purchase that will help you achieve your businesses goals. What are the benefits of blogging for small business?  By : Kelly ONeil Blogging has become quite popular for small businesses as of late. I have noticed on PR Leads that there are several story requests for experts to talk about the benefits of blogging for small businesses. So, I decided I better do my homework and see what this is all about. It turns out that there are several benefits to blogging for small businesses. Here are the most important ones: 10 Steps to Creating Your Small Business Disaster Plan  By : Donna Gunter As a solopreneur, what can you do to make your business disaster-proof? We seem to have an increased number of natural disasters like hurricanes, tornadoes, earthquakes, wildfires, mud slides, ice storms, blizzards, etc. that can potentially permanently close your business. Here are my ten secrets gained from a recent hurricane evacuation that helped me get my business back up and running quickly. 9 Things you must do to maximize your chances of obtaining a small business loan  By : Neil Best The things you really ought to discuss with your bank manager to get the business loan you need. Local Search Makes Your Business a Big Fish in Your Local Community  By : Lynella Grant The public wants to find information about products or services with the ease and speed they’ve come to expect from search engines. However, when people are ready to spend their money, they prefer to spend it close to home. How to Obtain Grants for Your Child Day Care Center  By : smgenie Obtaining funding for your small business can be quite tedious; it takes a lot of research, grant writing, and proposal submissions. Here are some tips to help you get started and additional resources by clicking on the link at the bottom of this page. Beware the Chicken Little Consultant  By : Mark Meshulam Paying for expertise is an inherent part of business. How else can we make the best decisions in specialty areas without informed help? Unfortunately there can be conflicts of interest on the part of your expert which can be subtle yet extremely powerful. It's Time To Get All Strategic - Small Business Marketing Stategy  By : J D Moore What is a marketing strategy and why do small businesses need them? This article covers the basics of small business marketing plans and strategies. The Blessings of the Black Economy  By : Sam Vaknin Some call it the "unofficial" or "informal" economy, others call it the "grey economy" but the old name fits it best: the "black economy". Small Business 101: Deadly Ignorance  By : Daniel Sitter Too many people leap prematurely into business only to fail because of poor planning and insufficient financial resources. Do not get caught in this trap. Don't quit your day job until you have enough cash on hand to pay the bills for at least a year into your new venture. Become aware of and develop the resources available to you. You want everything possible going for you as you make this leap of faith into the entrepreneurial world. Packaging Your Services: Create Multiple Streams of Small Business Income  By : Maria Marsala One of the ways you - as an owner of service businesses - can increase your profits is to create muliple streams of small business income. And the place to start is by designing informational products. Five Tips to Obtain Credit for Small Businesses  By : Monique Hawkins Obtaining credit is necessary for many small businesses. Knowing what steps to take in this process can greatly increase an approval from a financial institution. Here are five tips to assist entrepreneurs in this process. The 10 Natural Marketing Advantages of Small Business - Small Is the New Big  By : John Jantsch Small business is the hottest innovation in the corporate world. This article urges small businesses to Think Big, Act Small and capture the 10 Natural Marketing Advantages of Small Business The 3 1/2 Ways to Grow Any Business  By : Mary Eule Practical advice for anyone in business... regardless of size or industry. A simple, tutorial on the ONLY 31/2 ways to grow any company! Blast Your Way Out Of A Slump With 4 Simple Tactics  By : Allyn Cutts Every business goes through a "slump." Hey, you've been raking in the bucks when... blam, you're up against a brick wall. The customers seem to have forgotten you exist, and the bills pile up. Don't despair... you're not alone. 3 Effective Tactics Every Business Should Implement  By : Allyn Cutts Do you remember your first day as a business owner? You were probably just like the rest of us... pretty darned happy and bit on the proud side. Yeah, back then we thought we could conquer the world. Now we're too busy conquering our own little corner of the world to pay a lot of attention to the rest of the world... unless it's to learn a few tips from successful marketers just like us who have made it big. 7 Key Tactics For The Small Business Owner  By : Allyn Cutts For most folks, owning your own business is a dream come true. The freedom of being your own boss, and succeeding to the best of your ability are facts of life for the small business owner. Sure, there's more stress than what you probably imagined when you were creating your grand plans, but with a little strategy and planning you can overcome any tough spot you get in. How to Get Paid  By : Jane Hendry An article explaining charging models and the inherent risks involved in different charging scenarios Your Business or Your Life - Why Not Both?  By : Mary Kay DuChene Small business owners often find they are making serious life compromises in order to build and maintain their enterprise. With thoughtful strategic planning that takes into account owners' values and lifestyle wants, it doesn't have to be this way. This article offers a strategic planning method that encourages the small business owner to bring values and dreams into the planning proccess. Success Tip #48 - Boost Your Business Batting Average by 20 to 50%  By : Ike Krieger Learn how even one more client or one more sale could improve your business bottom line by 20 to 50%. A few more sales or a few more clients can make all the difference Tips for Starting A Small Business, Part I  By : Monique Hawkins Many people dream of starting their own small business. In order to be successful, there are specific steps potential entreprenerus should take. Part I of this article outlines three specific actions for small business owners to take as well as resources to add them in this process. How Context Affects Value in Small Business Marketing  By : J D Moore The amount that people are willing to pay for what you are selling is called its value. value can be affected by many things - including the context in which you sell. Business Strategy - Year End Considerations  By : San Diego Lawyer As we enter the final weeks of 2005, you are undoubtedly hunting for gifts. While these are obvious year end considerations, you should also be reviewing your business strategy for 2006. Small Business Credit Cards: Make Your Accountant Obsolete  By : Edward Vegliante Small business credit cards can play an important role in the success of many enterprises and small businesses. This article outlines the benefits to using a Small Business Credit Card. Tips on Pricing Your Product or Service  By : Mary Eule Confused over where to begin pricing your products? Here's a real easy-to-understand way to make sure you're not approaching it correctly... Internet Marketing and the Small Business  By : Melih Oztalay This writing is certainly not designed to provide a solution to the growing problem. More so, it has been written to raise the awareness and acknowledge the difficulty small business has on the web. Certainly the small business does not receive any sympathy from the major search engines in their quest to provide quality information for those that are searching the web. Are You Suffering from BOB Syndrome?  By : Grover Rutter Business owners who suffer from Business Owner Burnout Syndrome (BOBS) are in danger of financial melt-down. Information is available to help combat this affliction. Hot Tips for Starting A Small Business, Part II  By : Monique Hawkins When it comes to creating a successful small business, the business plan is essential and a tool that cannot be overlooked. Discover how to write a business plan for your small business that will greatly impact its ability for success. How to Write a Business Plan  By : Sam Vaknin There are many types of symbols. Money from investors, banks or financial organisations is one such kind of symbols. Hot Tips for Starting A Small Business, Part 4  By : Monique Hawkins One of the essential elements for a small business owner to assess before starting a small business is to understand their market. This is crucial and the data that is collected will one determine how to appropriately price their products and/or service. This article discusses strategies that can be utilized in this important area. 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