We have all heard that the business plan is the foundation for every business, and we may try to do one by going through the motions. But until we truly embrace the business pla
Employee incentive programs are popular, if only because they are prolific. Though conventional wisdom tells us otherwise, many will argue that these programs are not just ineffect
The big bucks are made not on one person’s efforts alone, but the efforts of many. Today we will look at the inherent characteristics of outsourcing.
Many people have great excuses for not starting a business: I need a great idea. I don't have a business plan. Learn the truth about these myths and why they shouldn't hold you ba
A well-run vendor-managed inventory (VMI) program could allow your business to speed up its cash flow by more closely matching your cash outlay for inventory with your cash infl
How do you collect on delinquent accounts without damaging the customer relationship? How do you manage the balance between keeping a steady stream of new clients coming through
When I was a practicing financial planner, I was shocked at the number of small business clients who did nothing but blink their eyes in response to my line of questions about t
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 stric
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 Agreeme
He heard Donald Trump say, “You’re Hired!” in Season 4 of the reality TV Show, and now he’s written a no-nonsense book for the startup entrepreneur. Dr. Randal Pinkett shares highl
Awhile back we invited small business owners to share how a membership to Sam’s Club may help them save money in this tough economy. We received great feedback from many small bus
Last time, "How to Find Freelance Clients: Part One" discussed some of the things you would need to do to prepare for freelancing. In Part Two of this article, we'll cover where t
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 yo
Starting a business can easily become a money pit. So for those of you thinking about launching a new venture, what financing options do you have? Well, there's the possibility
The Wall Street Journal recently reported on the savings that small businesses can realize by taking advantage of warehouse deals. Are the savings significant? What can “new memb
As Main Street small businesses disappear, it's nice that we can still order from small companies online. However, spoiled consumers take heed: Not all small companies are created
Today, we’ll take a look at the remaining two (ultimately the most involved and arguably the most important) strategies for success in your small business.
The world of small business is vast and rife with pitfalls. The opportunities are as great as the hazards, and no matter which way you slice it, running a small business takes a lo
Whether you freelance, run a small business, or just need some good, solid contacts for future career opportunities, networking can be the difference between being successful an
All too often, business owners will insure their property, assets, and loans. But they don't stop to consider what is most valuable in the business: people. Here are a few ways
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