Am I in the Right Business?
Are you tired of working constantly without a vacation and having the money to show for your efforts? If you are wondering whether you are in the right business, consider the following questions:
Do you know the ins and outs of your business?
Understanding the ins and outs of your business and the industry that your business [...]
Plan to succeed
How did you spend your Christmas break?
Often for many small business owners, it’s a great time to catch up on a few of those administration jobs that you’ve been putting off. Or, without the ‘phones ringing, it’s an ideal time to focus on some strategic tasks.
I’ve just finished a 32 page draft of my business [...]
5 Ways to Handle Bad Debts
Debt Affects Everyone
More and more families are saddled with debt nowadays. The average American family is in debt to the tune of $12,000, the average UK family to around £8,800 sans mortgage. Even students are getting affected, with those attending various courses having debts ranging from $8,000 to over $20,000. Businessmen are in no way [...]
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, [...]
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 [...]
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, [...]
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 [...]
