Three Types of Small Businesses
You have a small business but you’re not making a profit and haven’t in some time. You may have an employee or two, and you pay them before you pay yourself. You either aren’t paying yourself or are paying less than you could make working for someone else. You may be adding your own money to the business to keep it afloat. […]
Can I Export My Products …. and Where?
American companies make excellent products; they really do. And many of these products are sold all over the world, but some never leave the country. There are several reasons things can or cannot be exported, including their price, overseas demand, technical competitiveness, and sometimes a company’s own willingness or reluctance to undertake the export process.
3 Ways to Organize Your Sales Team for Success
One of the most common mistakes early stage entrepreneurs make is assuming that their product or service will “sell itself.” With very few exceptions, this is almost never the case; sales success is usually the combination of hard work, persistence, and having a well-organized sales strategy. One of the key reasons the “selling itself” myth is so persistent is that […]
Business Loan Application Tips Borrowers Can Take to the Bank
Whether it’s to start, operate, expand or acquire a business, capital is required. Just how much is available, and what it will cost depends on each business’s unique situation and the personal financial position of its ownership. These two factors are so important that they find their way into the starting lineup of every loan application. Borrowers who have a good understanding of […]
Foreign Receivables Insurance: A Tool to Grow Your Business
If you have a business that sells product or service internationally, or if you are considering selling your product or service to foreign buyers, you may want to consider using receivables insurance as a way to grow your business and mitigate risks commonly associated with international sales. If you are selling internationally, the least risky […]
Making Something Out of Nothing – Money is No Excuse
Assisting entrepreneurs to estimate their funding needs, whether launching a new business or expanding an existing one, is a service we provide at the UGA SBDC. Identifying sources of capital and gaining access is another area of support. That said, tracking how businesses are funded is an important and interesting part of our job. Over […]
Should I Have an App for My Business?
In this age of handheld interaction with smartphones and tablets, businesses need to engage their customer base as much as possible. What better way than with a mobile app? But before launching into the new world of app development, business owners should answer three major questions. What do you want the app to do? […]
The Answers Are Different This Week
“In preparing for battle I have always found that plans are useless, but planning is indispensable.” -Dwight D. Eisenhower For many of us, allocating time to plan becomes a significant challenge of priorities. Do we work on the urgent or the important today? Frequently, this becomes the question of the day. In most cases, if […]
