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Find A Mentor | Small Business Planner

nicherv — Wed, 17 Jun 2009 12:31:01 +0000

Never think you can do it alone! One of the best ways to insulate yourself against business failure is to find and work with a mentor, someone with business experience who can guide and assist you. Service Corps Of Retired Executives (SCORE) Link to retired professionals who are available to give you advice. Small Business Development Centers Link to organizations to help your small business grow and prosper. Network Of Training And Counseling Services Link to these connections to help with professional training and counseling. Continue Reading

Small Business Time Management

nicherv — Thu, 11 Jun 2009 23:15:35 +0000

A great job, wonderful family life and a successful part-time business. Until her employer fired her for poor quality of work and her business clients went elsewhere for better service. This scenario can happen to any part-time business owner. This is not to say working full-time while running a part-time business is impossible but balance and knowledge are key factors in business success. Part-time businesses allow entrepreneurs to "test the waters" and see if the business is viable while still earning a full-time paycheck. But there are many traps to avoid when moonlighting. Learn the 6 keys to avoid part-time business disaster. 6 Keys to Avoid Part-time Business Disaster 1. A Conflict of Interest?: The first question to ask when starting a part-time business is "Does your venture conflict with the interests of your employer?" If your part-time business and employer markets and serves the same industry, there may be a conflict. Examine your hiring package to see if there is a Continue Reading

How to Finance a Small Business: Debt Vs. Equity

nicherv — Fri, 05 Jun 2009 16:23:08 +0000

Small-Business Financing: Debt vs. Equity Small-business owners can choose from two basic types of financing -- debt and equity. This article looks at the advantages and disadvantages of each type and how they may be used for different purposes. 1. Small-Business Financing Business owners who seek financing face a fundamental choice: Should they borrow funds or take in new investment capital? Since debt and equity are accounted for differently, each has a different impact on earnings, cash flow, and taxes. Each also has a different effect on leverage, dilution, and a host of other metrics by which businesses are measured. The planned use of funds will also affect the choice of financing, with one option more appropriate for certain uses than the other. 2. Debt Debt can be a loan, line of credit, bond, or even an IOU -- any promise to repay borrowed amounts over a certain time with a specified interest rate and other terms. Debt is accounted for as a Continue Reading

Steps to Starting a Small Business

nicherv — Fri, 29 May 2009 16:14:41 +0000

Determining if a small business is right for you can be manipulated by other factors that you need to be aware of. So let's begin the process by establishing your responsibilities in this. First things first, learn as much as you can about the industry, the product and the demand of the service. The worst thing you can do prior to joining a network is repeat quotes about their industry that isn't true. For example, I was introduced to someone who asked me what industry my business was in. Since I own multiple businesses, I said travel, referring to one of them. Then the guy rambled on about how the travel industry was dead and assumed I wasn't making a profit. I thought this was so hilarious because the travel industry is the largest industry, even bigger than oil and my team is one of the top producers in the company. So don't be foolish, do your research and ask lots of questions and make sure to get the answers. It's time for you to accept running a business is going to be more Continue Reading

Getting Customers for your Small Business

nicherv — Fri, 29 May 2009 16:07:22 +0000

As a small business owner, you realize the value of having live, able customers stepping through your door everyday. It's a simple question of math and conversion that those potential buyers become good profitable customers. However, you may be one of the many small businesses feeling short changed in that regard. Have you ever noticed some of the other small businesses in your area always seem to have enough of these types of customers? Some may in fact be busting out a good business. Your competition may be getting a hand up on you in many different ways. A new product, head office support, advertising agency, newspaper promotion, coupons, etc. Rarely though do I find small independent businesses making use of the most cost effective communication medium available - The Internet. If you are a small business and do not have an ongoing marketing effort online, you are most certainly handing customers over to your competition. In fact, you might as well gift wrap them and send them Continue Reading

Business Success Strategies

nicherv — Thu, 28 May 2009 23:11:58 +0000

Business is no longer a matter of mere successions. You certainly have to be professional to achieve the success. Strategy is the method adopted in the mission. Essentially the strategy will be focused in the formula to win. Business strategies do have the mission to forward the business to success. Business strategies are available in different formulas. The traditional strategies are mainly based on the competition in the external environment, where as modern strategies give importance to the internal resources of the company. Dynamic business strategy, and customer oriented strategy are some of the new strategies. The management experts are in the constant research to find out new strategies. Innovative strategy is one of the most modern types of strategies. You can adopt from any of these strategies but, the job is not easy as the strategy has to be compatible to your business. Most often, business people used to take the basic points of any of the successful strategies and will Continue Reading

Small Business Website Strategies

nicherv — Thu, 28 May 2009 23:09:12 +0000

Professional website designers pride themselves on creating a visually attractive piece of work. It is actually a very unique skill set brought on by the internet where a website designer needs to not only know about what looks good and works smooth, but also the variety of programming languages behind designing a website. A website these days can be powered by not only HTML, but XHTML, CSS, Perl, ASP, VBScript, Java, Javascript, SQL and of course FLASH. Flash programming, now more than 10 years old was first developed by an ingenious company called Macromedia which is now owned by once rival, Adobe. The value of FLASH is its ability to deliver multimedia motion graphics for animation and interaction on the web but using the least amount of memory possible, thus making its programmers highly sought-after for upper-end website construction. So as a small business owner you may have run into a "FLASHY" website in your surfing travels and been in awe (ok, jealous) of how great they Continue Reading

The Top Ten Funny Franchise Names that Mean Serious Business

nicherv — Sat, 23 May 2009 18:56:32 +0000

Need help thinking of a great franchise name? Look at some of the top 10 funny franchise names that mean serious business! Nerds ToGo So many individuals and businesses rely on their computers for communication. Furthermore, many businesses simply can not function if their computers are not working properly. As people struggle to keep up with advancing technology, many of them work on computers everyday and still have no idea how to make even the simplest repairs when things go wrong. Of course, this is true because computers and complex machines and someone who is not qualified to work on them should always call for help. Even so, many computer repair stores have a "bring it in and we’ll fix it" sort of approach. Nerds ToGo, however, has revolutionized the computer services industry by offering a "we come to you model." After all, people do not have the time and energy to break down their computers and take them to the repair shop. Moreover, this would be an impossible task for Continue Reading

Top 10 Franchises for Work at Home Moms

nicherv — Sat, 23 May 2009 18:48:56 +0000

The Internet offers a multitude of business opportunities, but did you know that there are many franchises available that are perfect for work at home moms? Check out the following list of the top 10 franchises for work at home moms and you will see that working from home and being a mom can be very profitable. #1 American Billing Systems Franchise With American Billing Systems you can file medical claims over the Internet for doctors. This system allows you to work 24 hours per day and seven days per week, which means you can work around being a mom and still make money. Total capital investment for American Billing Systems is $14,990 and liquid capital required is $7,490. Training and support are offered as well as financial assistance. #2 Vendstar Vending Machine Franchise Work at home moms will find Vendstar a wonderful business opportunity. The vending machine business is perfect for stay at home moms. You can even get your kids to help you out with the business to earn their Continue Reading

10 Legitimate Businesses You Can Start for Under $20

nicherv — Sat, 23 May 2009 02:19:11 +0000

Business Ideas on a Budget Whether you're starting a business on the side while still employed elsewhere, a student or homemaker looking for extra income, or unemployed and trying to figure out what to do, there are plenty of opportunities for you to start up a side business inexpensively. It's unlikely any of these will make you a living in the first few months, but they all have the potential to grow into full-time businesses. We'll take a look at 10 such opportunities and, most importantly, tell you what to do with the $20! 1. Webpreneur It's what everyone who's ever surfed the Web dreams of—just stick a web site up there and watch the cash roll in! Well, that just doesn't happen overnight, but the fact of the matter is it's really not very hard to do. To do it right, start by picking a subject matter you know a lot about. Then get a domain and create a web site. It doesn't even matter what technology you use—just be totally anal-retentive about it looking good and provide Continue Reading