The future of small business, even with concerns about a recession, remains bright for entrepreneurs. In Capital One’s latest Small Business Growth Index (Fall 2019), 64% of business owners surveyed say that their current business conditions are good or excellent. Additionally, compared to six months ago, small business optimism increased five percentage points, and recession […]
Job costing is key to profitability for many small businesses. Are you doing it right? For companies that provide long-term projects to clients—such as landscaping, construction companies or consulting firms—determining how profitable a project will be is key to the success of your business. Job costing—that is, tracking all of the costs related to a
Is the thought of writing a business plan holding you back from starting a business? If you’re eager to get your business idea off the ground—without the drudgery of creating a massive document first—a business model canvas for startups might be right for you. What is a business model canvas for startups? A business model
Looking for a Business Plan Alternative? Consider a Business Model Canvas for Startups Read More »
Too often, entrepreneurs take a reactive approach to reviewing the legal aspects of their business. But that can lead to avoidable liability risks, missed opportunities, and a less-than-ideal tax scenario. When business owners adopt a “don’t fix it unless it’s broken” mindset, they may not recognize ways they can improve their business. On the other
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By Henry Cazalet Startups are bombarded by helpful advice. It comes at them from all angles. There’s no shortage of experienced and battle-weary entrepreneurs willing to pass on their pearls of wisdom to an eager audience. Much of their advice is sound and practical, built up over years of learning from their own mistakes. Tapping
6 Reasons Why You Shouldn’t Waste Time on a Startup Business Plan Read More »
Predict problems? It sounds like the stuff of fantasy—or at least psychics. The reality, however, is that as a business owner you need some kind of sixth sense for issues within your company. Although you can’t exactly predict the future, you can set up an infrastructure that will help you address issues as they arise
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When you’re a small business owner, you understand that every dollar counts when building your company. However, many business owners focus on increasing sales rather than lowering expenses. Keeping your expenses as low as possible is just as important as boosting revenue. As a small business owner, I know how difficult it can be to
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If you’re in the throes of building a company, you are likely not even thinking about what comes next. But now is also the time to start planning the long-term strategy for your exit. To one day pull off a successful—and profitable—business exit, there are four important steps. 1. Start planning early Do you remember
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Entrepreneurs tend to be optimistic by nature. As the year 2018 ends and 2019 begins, there is ample reason for many entrepreneurs to feel good about the future. The latest signs of an improving economy were strong enough to help persuade the Federal Reserve to raise interest rates recently—for the first time in nearly a
Hope for the Best But Expect the Worst: 4 Ways to Prepare for the Coming Recession Read More »
Identity theft is a serious crime that impacts the lives of over 10 million people each year and the numbers are rising. Although the risk of identity theft is year-round, the holiday season can put both consumers and businesses at a heightened risk. Did you know 1 out of every 20 people is at risk
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