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Tag Archives: Business Advice

5 New Year’s Resolutions for Small Businesses

New Year’s is a time of new beginnings, and there is no better time to improve your business. Take advantage of the momentum and enthusiasm that generally come with new beginnings, and get your small business in gear with these five resolutions:

  1. File all legal paperwork. Go through the endless stacks of documents that have accumulated over time, and continue to file new forms immediately. No more paper stacks!
  2. Take an objective look at your ROI. Analyze IT expenses,different approaches to marketing, computer systems and more.
  3. Stay on top of your tax payments. This quarter’s EST tax payment is due on January 15th, so make sure to have it ready beforehand to avoid additional fees.
  4. Get involved in social media. These networks are becoming increasingly important. Make sure not to get discouraged- establishing a solid presence on these sites takes time and commitment, so be prepared for some serious dedication.
  5. Revamp your website. According to research conducted by GE Capital Retail Bank, 81% of people research companies online before doing any business with them. Your website is often the first impression that potential customers get, so make sure it does your business justice with updated content, professional graphics and a simple, straightforward layout. Consider creating a mobile version of your website as well, as most online browsing is done via smartphones

The Importance of Creating Value in a Business

In a recent article on BizJournals.com, IDT Energy CEO Geoffrey Rochwarger discussed the importance of value in a company, and why cutting costs is merely a short-term solution. According to Rochwarger, businesses today often have lower revenue and higher earnings. Though this combination is often met with investor enthusiasm, it is hardly sustainable and eventually… Continue Reading

Self-Delusion is Key When Starting a Business

Author AJ Jacobs recently discussed the tool most essential to starting a business in an interview with Josh Zepps of Huffington Post Live. Jacobs explains that self-delusion is key to achieving business goals. “…The most important tool is to delude yourself, to be irrationally optimistic that your business is going to succeed. And then, you… Continue Reading

Tips for a Fearless Career- Part I

Fear can be crippling in any area of life, and it often has a negative impact on a person’s career. Colleen Oakley of LearnVest recently consulted with several successful entrepreneurs to compile a list of advice for the professionally timid: Let others challenge you. Marc Sampogna, CEO and Founder of Canopy Brand Group, explains: “You… Continue Reading

The Most Powerful Word in Business

In a recent article for Forbes.com, David K. Williams discussed the most powerful, important word in business. He explains that while many would guess “No”, the winner is really “Enough.” The ability to recognize the ‘enough’ moment grants balance and therefore, success. Williams explains: Enough time. “Do you find yourself not having enough time to… Continue Reading

Paul Vento on Launching a Business or Franchise

In these turbulent economic times, successful businesses stand out like a sore thumb. Creative, ambitious observers feel that they too could have launches such an attractive franchise, if only they had put their minds to it. However, it takes more than just a good idea to build any business; it requires, patience, research, good people… Continue Reading

Tips to Avoid Overdue Payments: Small Business Advice

One of the most crippling problems amongst small businesses is the excessive number of overdue payments. The average SME receives payments from other businesses two months late, and many suffer greatly from the delay. The Guardian lists several tips for avoiding such situations: Don’t make credit management subordinate to sales– Make sure the incentives you… Continue Reading

8 Quotes on (Social Media) Crisis Management

The past few years have seen their fair share of crises, as global economies grapples with the ongoing Eurozone debt, inflation and recession. Crisis management has become an invaluable skill, especially for crises based in social media, and there is much to be learned from those with experience in the field. Here are eight crisis… Continue Reading

Top Ten Countries for Startups in 2012

This year’s World Bank Doing Business report has listed the top nine countries for startup businesses. The rankings consider the starting ease and conditions, as well as minimum cost, time and available assets. Rather surprisingly, the U.S. didn’t make the list. These countries did, however: New Zealand, with 1 day to start a business Australia,… Continue Reading

Wal-Mart Offers Insight on New “Consumer Normal”

Americans will spend money despite the hesitant economic recovery as long as they believe they are buying at the lowest prices, according to Wal-Mart Stores Inc., the U.S.-based multinational retailer. The department store chain discovered the nation-wide habit by guaranteeing the lowest prices in the market throughout this year’s holiday season. Last year’s fourth quarter… Continue Reading