Category: Growing a Business
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How to Finance a Small Business
When starting and running a small business the question of how to finance will come up multiple times. There is often an initial startup cost for assets, materials, and initial operations. As the business grows the demands on your company will change and you will again need to look at acquiring more resources. Depending on…
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Steps to Saving a Company, Triage in Business
If your business is seeing trouble times and needs some crisis management here are the steps that will turn things around. In a crisis situation every decision can mean the difference between saving or killing the company. Your job as a business owner is to manage the situation in a way that provides the best…
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How To Measure Business Performance. Effectiveness Vs. Efficiency
I found myself in yet another interesting conversation with a successful entrepreneur on the topic of successful business practices. We were discussing what is needed within an organization as it grows from a mom and pop shop to a mature corporation. It is obvious that the demands of the company will change as it matures…
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Iterative Development Model
I have heard a lot of talk lately about lean and iterative startups and I must say I fully agree with the approach. People seem to jump in with both feet before they even know if there is water in the pool. Starting small and releasing a product as quick as possible cuts out a…
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When You Suddenly Need to Be Able to Accept a Payment By Credit Card
Sometimes a short-term problem, once solved, becomes a long-term business advantage. I have never had a need to take credit cards other than maybe once or twice here and there over the last few years, and we’ve always found a solution that gets us through. But just last week I had a government customer that…
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Small Business Inventory Management
Managing inventory variability is a constant struggle in business one tool to help manage this is a regression analysis. A regression analysis is a statistical assessment of date that seeks to identify a general overlaying trend. It defines a sample set of date as a line. Like all statistical tools a regression analysis has limitations…
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Best Database Software for Small Business
Organization is a huge part of competing well in the game of business but often times small business owners don’t have the foggiest idea of how to approach organizing their information. If a boxed solution such as Quickbooks will work for you great, if you need a bit more flexibility there may be a better…
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How to Increase Profits in Business
In discussing profitability we are effectively discussing the efficiency of a business to make money. In other words, how can we squeeze a little more money out of the existing establishment? This topic is well worth discussing as most people find themselves in need of small business financial help. There are many effective ways in…
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How to Manage a Business Successfully
I recently had an interesting conversation with a business owner on the topic of how to manage a business successfully. We concluded that all businesses are working towards further growth and that a primary management concern is growth strategy. So, to manage a business successfully, one must manage growth successfully. How is this accomplished, and…
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Where to Start Small Business Search Engine Optimization (SEO)?
So you run a small business, you don’t have much money behind you, and you decide the web is a great place to increase your marketing efforts. A website is relatively inexpensive to build especially if you can carry some of the technical burden, and it provides a means by which you can reach the…