Small Business Resource Center

Using a Card, Not a Vendor Credit Line, for Business Purchases

Posted July 23, 2009 - 05:55 by Julie Rains

Small Business Resource Center, Entrepreneurship

consumer credit application

Getting credit terms (aka trade terms) with vendors is usually a savvy move but, depending on the circumstances, paying with credit or charge cards can be just as smart. Securing trade credit, which typically requires disclosing financial information, may not always be in your best interest. Consider all of your payment options, especially the use of charge cards or credit cards, before signing a credit application.

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Life Insurance for Your Business

Posted July 17, 2009 - 18:26 by Nora Dunn

Small Business Resource Center, Extra Commentary

Insurance protection

As a business owner, you probably already own more insurance policies than you ever imagined you would: liability, contents, vehicles, and any number of policies are often strict necessities. Heck, you may even have a pet insurance policy. However none of these forms of insurance actually protect the life of your business. Only these two forms of life insurance can be used to protect your business when the going gets tough.

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Location Independent Career Basics

Posted July 17, 2009 - 09:00 by Nora Dunn

Career and Income, Small Business Resource Center

location independent tools

Would you like to work from anywhere you wish? The backyard? The café down the street? Your bedroom? Or even on the road…a tropical island somewhere, perhaps?
A location independent career is your ticket to workplace freedom. More and more people are striving for this freedom themselves. We’ll look at the basic qualities (good and bad) of a location independent career, and in so doing, you may come up with a few ways to make your own career location independent.

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8 Ways Great Service Prevents Chargebacks

Posted July 17, 2009 - 06:00 by Julie Rains

Small Business Resource Center, Entrepreneurship

Service in business

Sealing the sales deal is the key to opening the door to success. Getting in compliance can be cumbersome but can mean fewer charge-backs and more cash in your pocket now. More disciplined, documented business practices should also yield long-term benefits in dealing with major customers.

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8 Ways to Minimize Costs and Maximize ROI on Employee Travel

Posted July 8, 2009 - 12:00 by Linsey Knerl

Small Business Resource Center, Entrepreneurship

Whether you have a sales force of two that only does the occasional overnight, or you maintain an army of road warriors and have your own travel coordination department, these 8 tips will help you get the most out of your company's travel budget.

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Shareholder’s Agreement: What It Is and Why You Need to Review Your Own

Posted June 30, 2009 - 18:22 by Nora Dunn

Small Business Resource Center, Extra Commentary

business partners

Life happens while we are busy making plans, and sometimes life’s happenings can throw us curve balls that will affect not only our relationships, but the business. Disabilities, untimely deaths, marriage breakdown, and simple falling-out between partners can mean disaster if these scenarios (and others) have not been given due consideration. Also known as a Buy-Sell Agreement, a Shareholder’s Agreement is designed to help you and your business navigate life’s tricky twists and turns. Here are 10 common clauses to look for in your Shareholder's Agreement.

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9 Tax Free Employee Benefits

Posted June 22, 2009 - 18:45 by Nora Dunn

Small Business Resource Center, Entrepreneurship

Happy employees

There are many benefits employers can provide to rekindle employee morale, ensure loyalty, and increase productivity. And do it without increasing the employee’s tax burden like a straight salary increase would.

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6 Tips for Running Your Business: Lessons From 2 Failed Restaurateurs

Posted May 27, 2009 - 13:56 by Nora Dunn

Small Business Resource Center, Entrepreneurship

Crowded Bar by Glenn Harper / Flickr

Is it possible that one of the reasons the restaurant business is so hard to succeed in, is because some new restaurant owners lack business sense? Possibly. In examining this angle, I learned six very important lessons about how to run a business – any business – by virtue of observing two slack restaurant owners in action. These business principles apply to much more than just restaurants. Run your business more like a business, and less like a playground, if you want to succeed.

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How Your Small Business Can Survive the Recession

Posted May 12, 2009 - 18:21 by Greg Go

Small Business Resource Center, Entrepreneurship

recession

By most accounts, this is going to be a long recession, and we’re still on the downward slope. As a small business owner, you will be forced to make drastic moves to survive. As you get your company into survival mode, keep in mind that the secret to surviving a down economy is cashflow.

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Four Common Mistakes to Avoid in Running Your Small Business

Posted May 10, 2009 - 20:12 by Nora Dunn

Small Business Resource Center

small business owner

You are the master of your domain. And as a small business owner, your domain is nothing to sneeze at. So let’s make it a little easier by learning from other people's mistakes. The following are four of the most common mistakes made by small business owners.

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