Know Your Numbers
I recently met with a client in the specialty food business. The company, in short time, gained product placement throughout the southeast in one of the largest grocers in the United States. However, her company is operating at a loss, and to make matters worse, her cash balance is dropping faster than her operating losses. […]
5 Things to Consider Before Using an Image From Google
We’ve all heard the old saying, “a picture is worth a thousand words,” but when that picture is protected by copyright, the picture could be worth $25,000 instead. As the popularity of social media grows, so does the amount of content that circulates through our news feed. Users can post or share their own or anyone […]
It’s Not The What, But The Why
The age of the infomercial seems to be at a close. Current trends are showing consumers are looking for authenticity and vulnerability from the business with which they shop. This need or desire for authenticity or “realism” is evident with the vast amount of reality television shows such as The Bachelor, Real Housewives of Beverly […]
The Financials – Friend or Foe?
Daily at the SBDC (Small Business Development Center) we have the privilege of working with entrepreneurs from a broad range of industries. Although the industries may vary, many of the challenges entrepreneurs face are common, no matter what the industry. One such challenge we often see relates to numbers and financial statements. When it comes […]
Successful Entrepreneurship 101: Being less Busy and More Productive
Entrepreneurs often profess to be stressed out and “so busy” that they never have time for anything, even their own families and friends. When I ask many of my former clients about leaving their business to their children, many respond that their children don’t want the business. They just don’t want to work the long […]
13 Tips for a Successful Business
Here are 13 tips to help your business grow and succeed. 1. Invoice and collect on a timely basis Don’t forget to check your accounts receivables and aging reports for any balances that are outstanding. If after 30 thirty days you have failed to receive payment, set up a template and a reminder on […]
The Entrepreneurial DNA and the Keys to Success
In the eighteenth century, the typical entrepreneur was defined simply as one who started a business. This definition has over time expanded to include other attributes such as one who is a risk taker as well as one who possess the ability and skills to manage scarce resources. In today’s global environment, the DNA of […]
New Authority Will Bolster Women-Owned Small Businesses
The U.S. Small Business Administration put out a press release today stating the following: WASHINGTON – The U.S. Small Business Administration (SBA) today issued a final rule authorizing federal agencies to award sole-source contracts to women-owned small businesses eligible for the Woman-Owned Small Business (WOSB) Federal Contract Program. Effective October 14, 2015, the rule levels […]
