:: The 7 Most Important
Hires for Your Small Business
Up to a point, it behooves small business owners
to be resourceful and handle the lion's share of the work.
But before it's too late and their companies lose out on
its market timing, entrepreneurs need to hire in order to
grow, even if that means taking on more costs.
:: The Basics of How I Built a Seven-Figure
Business Without Employees
There is a lot to be said for those rare few that
possess the ability to create huge companies with hundreds
or thousands of employees that are all just ecstatic to
be at work. It is exceptionally difficult and equally as
impressive, which is why they end up taking up space on
the front page of a major magazine or journal.
Although it appears flashy and glamorous, particularly with
the amount of celebrity that todays super entrepreneurs
wield, there is a tremendous amount of flexibility that
is lost, almost by default, once you pass a certain size.
Now, not only am I not one of those few, but I really do
not want to be.
:: Twitter Inc. Turns to
Small Businesses to Grow International Revenue
During Twitters analyst day in November, the company
announced that it had 60,000 advertisers on its platform.
Earlier this month, the company announced that it had grown
its active advertiser base to 100,000 and laid plans to
reach thousands more. The company is expanding its self-serve
ad platform from 33 countries to the rest of the world,
counting businesses in some 200 countries and territories
eligible to send sponsored tweets.
International revenue accounted for just 36% of Twitter's
total sales last quarter, but 79% of its users are based
outside the United States.
:: Boosting Veterans in Small Business
The battlefields of Iraq are a world away from
Merrimack, New Hampshire, and its new microbrewery, Able
Ebenezer Brewing Co. But for this companys owners, the can-do
attitude they lived by as combat officers has contributed
powerfully to their success as entrepreneurs.
:: 9 Things Managers Do
That Make Good Employees Quit
Managers tend to blame their turnover problems
on everything under the sun, while ignoring the crux of
the matter: people do not leave jobs; they leave managers.
:: Five Ways Small Businesses Can Make
the Most of Facebook
Why devote 10 minutes a day to Facebook? There
are many reasons why, but most importantly Facebook can
help strengthen your relationships with your customers.
The smaller your business, the more important these connections
can be to help keep your company thriving.
:: Entrepreneur or Small
Business Owner: Which One Are You?
You run your own business. How do you describe
yourself to others when talking about what you do? Are you
a small business owner? An entrepreneur? Or something else?
And more importantly, is there really a difference between
:: The 6 Types of Buyers for Your Business
There is a reason it’s called exit planning --
the steps involved in determining how to ultimately leave
the company you have built require careful thought, deliberate
consideration, and plenty of time.
There are many directions you can take in the sale of a
company, and considering who you’ll eventually find at
the other side of the negotiation table is one of the most
important things to understand as you get started down the
path to an exit.
:: Labor Day: Why small
business works for America
Labor Day is a holiday to honor hard working Americans,
and small business owners are among the hardest workers
around. They are often the first ones in and the last ones
out. They toil and sweat beside their employees on the same
job site, under the same tough conditions, behind the same
counter or in the same office.
The National Federation of Independent Business represents
more small businesses than any other organization. In fact,
60 percent of our 350,000 members employ between one and
:: What Goes In Your IRA? None of Your
Can you operate your own small business inside
your IRA? From 1974 to 2013 that question was in a gray
area--the answer was a definite maybe. But the multiple
shades of gray have recently turned to black and white.
:: 5 Things Millionaires
Do That Most People Do Not
Who wants to be a millionaire? A popular game show
has asked its audience that question for years. Truthfully,
the vast majority of the population would jump at the opportunity
to join the elite ranks of the millionaires in this country.
:: Small Business Startup And Survival
In 1938, Bill Hewlett and Dave Packard began working
part-time in a Palo Alto garage. With $538 just in working
capital, the pair developed an audio oscillator: it would
become the first product for the fledgling Hewlett-Packard
HPQ +0.00% partnership. Today, Hewlett-Packard sits at #35
on Forbes’ list of most valuable brands, with an estimated
worth of $57.9 billion.
:: 8 Ways for Your Small
Business to Get Paid Faster
You built a stellar reputation for your business.
You sold your heart out bringing in a new client. You gave
that client your best work. And months later, you are still
waiting to see the money in the bank.
And waiting. And waiting.
:: What the Internet of Thing Means for
The Internet of Things includes, among many other
items, sensors for monitoring business and home security.
How IoT Can Help Small Business Compete
Here are two examples of small businesses that have figured
out to compete against Goliath by finding low-cost ways
to incorporate IoT into their operations:
:: What Makes Texas The
Most Small Business-Friendly State, And Rhode Island The Least
For the fourth year running, California and Rhode
Island earned an F in a massive survey of small business
owners rating state and local governments’ friendliness
to small business. At the other end of the spectrum, also
for the fourth year in a row, Texas and Utah earned an A+
What matters to small business owners? Nearly 18,000 entrepreneurs
surveyed by Thumbtack.com said: Chamber of Commerce-style
training and networking; regulatory and licensing simplicity,
helpful government websites to cut red tape, and taxes.
:: 5 Tips for Selling Over Seas
Across the U.S., U.K., Germany, Brazil, China,
and Australia, international ecommerce is predicted to triple
by 2018, reaching $307 billion. The number of international
shoppers will grow to 130 million, with 72 million of them
using mobile devices to make cross-border purchases. Buying
foreign goods online today is so easy that you no longer
need to wait to take a vacation to purchase international
Small business owners who want to participate in this massive
global market can do several things now to start growing
their sales across borders.
:: How and Why Small Businesses
Must Adapt to Social Media
Among the countless factors a small business owner
must consider when running his or her business, social media
is quickly becoming one of the most important.
:: Stages of a Small Business
As a small business develops, it moves through
five growth stages, each with its own distinctive characteristics.
Small businesses vary widely in size, industry focus, management
styles and capacity for growth.
While each enterprise is unique in many ways, all experience
common problems arising at similar stages in their development.
For owners, understanding what can be expected in each stage
of development will aid in assessing challenges and smooth
the transition for business growth.
:: 20 best apps for small-business
Between handling customer complaints, keeping track
of employee work schedules and monitoring expenses, running
a small business is hard work. If you’re looking to increase
productivity and organization — or just make your life
as an entrepreneur a little easier — a good app might
be just what you need.
To help you navigate the seemingly endless sea of apps out
there, we’ve compiled a list of our favorites. These 20
apps can help you stay organized and on top of your small-business
:: Why Is It So Hard To Serve Small Business?
Blame The 90% Challenge
There is a convenient narrative about small business
that we have all heard a million times. Small
business represents a huge, underserved, and highly lucrative
market for finance-oriented entrepreneurs and large organizations
alike. The prevailing wisdom is that these businesses run
on Intuits QuickBooks, which enables them to have organized,
accurate, and timely financial information at their fingertips.
By all accounts, the small business market should be an
easy one to serve. Unfortunately, this is not the case.
Organizations big and small have struggled to serve the
small business market in an efficient and effective matter,
and it is all due to what we call the 90% challenge.
:: 6 Lies They Teach in
Connections. Community. Mentorship. Immersion in
management theory, market strategy and financial forecasting.
A big, fat résumé boost.
The benefits of getting a business degree are multifold.
But as many MBAs and their undergrad counterparts can attest,
so are the falsehoods imparted.
:: 5 Ways The Cloud Can Transform Your
Cloud-based services such as Spotify and OneDrive
have irrevocably changed the way we consume, store and share
content in our personal lives.
Similarly, many large organizations have become well accustomed
to the cloud, having years ago turned to hosted storage
and remote disaster recovery to boost productivity, reduce
costs and preserve business continuity.