Small businesses don't have very large structure or the staffing. That can be a strength—they're not weighed down by bureaucracy or the operational costs that have brought even multinationals to their knees. They adjust well to economic fluctuations and can respond very quickly to opportunities. But this kind of flexibility has a downside: small businesses can become very … [Read more...] about Organization tips for small businesses
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What to consider before getting a business partner
Thinking of starting a business with someone? Or joining forces with another small business owner in order to share resources or expand services? It seems like a good idea, but forming a business partnership is a lot like getting married. Even if you have complementary services, you have to think twice, or even thrice, before formalizing your business tie-up. Here are … [Read more...] about What to consider before getting a business partner
How to control your small business’ overhead expenses
One of the biggest challenges of small business owners and business start ups is controlling overhead. Though it's crucial to invest in good resources (you have to spend money to earn money, as they say) it's still important to spend wisely—especially in this tough economy. And small businesses and business start-ups have to be particularly vigilant. Due to smaller margins or … [Read more...] about How to control your small business’ overhead expenses
Should you buy or lease office equipment?
Should you buy your office equipment, or lease it? This is an important question that every small business owner has to consider. Budgets are tight, but so much of your company's success depends on your ability to work fast and efficiently. Bad technology and equipment leads to lost opportunities and lost revenue, but high overhead can eat into the profit and leave you … [Read more...] about Should you buy or lease office equipment?
Tips on preparing press kits
PR is one of the most effective ways for small businesses to drum up interest in its product or service. In fact, a magazine article or newspaper feature is worth far more than an ad: people think that it's objective, and they're more likely to read it (savvy consumers tend to skip what they think are hard-sell ads). The best way to get a magazine or newspaper feature is … [Read more...] about Tips on preparing press kits