Equipment: Lease versus Purchase

Should you or should you not buy your equipment? Often at times, we are faced with the decision of whether to simply purchase the office equipment we need or lease it for the time being. Depending on your needs, there are upsides and downsides to both leasing and purchasing. Before deciding one way or another, [...]

Let’s put tax cuts in terms everyone can understand.

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.
If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The [...]

Employee Feedback: Listen and Learn

Employers have come to realise that one of the best things they can do for their business is to get feedback from their own people.  While listening to customers’ suggestions and complaints is important, soliciting the input and ideas of employees can be priceless. 
What You Learn from Listening 

Your employees are your “contact people” as they [...]

Firing employees: The right way and the wrong way

It’s very common nowadays for managers to resort to extreme measures such as firing employees just so the business or company can stay afloat.  Then there is the other, more common reason for firing an employee.  That is, when an employee has become a non-performing asset, a liability so to speak, he or she is [...]

Storefront: Does you store persona say “come in” or “get lost”?

It goes without saying that an effective storefront calls out to potential customers and invites them to look at the merchandise.  No matter how great your items are, if your storefront doesn’t attract passers-by, you will have a hard time encouraging walk-in customers who actually contribute a large part of your sales income.
Have you ever [...]

10 Reasons to Buy an Existing Business

Starting on the path of business is hard and choosing the specific path is even harder.  Nevertheless, no matter what path you choose, there will always be risks that you’ll have to take when starting a business.  Going into business, though, doesn’t always have to be a leap of faith.  Although there will always be [...]

Top 5 warning signs that your business is declining

The hardest thing to admit for a business owner is the fact that their business is slowly dying.  After all, what business owner would want to admit that their once future hope of building an empire is forever to remain in the realm of wishful thinking?  Thus, the owner of a failing business continues to [...]

5 Tips for picking the best business partner

The success behind any business lies mainly on three things:  your product or service, its affordability and you (or the people) who run it.  Make just one of these components mediocre and your business and everything for which you’ve worked hard will go down the drain.
Therefore, once you have an excellent product or service idea, [...]

You can’t send a duck to eagle school

For any small business owners out there who need a little inspiration when recruiting the right calibre of staff, this short movie may help you.
http://www.eagleschoolmovie.com/

10 things to do BEFORE you start your business

From the start of your business, you’re in a race against time.  Your hard earned money will essentially become like the sands of time, trickling down into a void of nothingness from which your business must rise above within a short period of time.  To help you cope for the initial race with time, here [...]