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Citibank recently released the results of its latest Small Business Pulse Survey. The survey asked small-business owners about the steps they take to remain competitive. The answers ranged from radical reinvention to small tweaks.
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Continue ReadingTarget Training International recently conducted a multivariable analysis of successful serial entrepreneurs to determine which skills, traits and abilities they have in common and played a central role in their success.
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Continue ReadingSmall business has been in the spotlight recently and this is starting to payoff in many ways. Most recently several Fortune 500 companies have launched campaigns to publicly support small business growth through various programs.
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Continue ReadingAnemic job growth, cautious spending, low returns and a lack of optimism about the future characterize our economy today. While the election had stimulated a healthy discussion as to what is the solution, one component stands out: our economy needs to generate more jobs.
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Continue ReadingThe month of June is a great time of year to assess the current state of your business. You have five months of performance to evaluate from earlier in the year, sufficient to identify…
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Continue ReadingWhen it comes time to sell your business, there are only three potential scenarios for agreeing on a final price:
The buyer is better informed than the seller and buys the company cheaply
The seller is better informed than the buyer and…
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Continue ReadingThe role that new businesses play in the success of our economy cannot be overstated. According to a recent study by the Kauffman Foundation, job growth in the U.S. is entirely driven by new companies. Using data from the Business Dynamics Statistics, a dataset compiled by the U.S. Census Bureau, the Kauffman Foundation analyzed both [...]
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Continue ReadingMy friend Eric* has a problem that many business owners face. He has been running his small business profitably for over five years. He hasn’t achieved much growth on an annualized basis but the company generates sufficient cash flow to give him a comfortable standard of living, keep his eight employees [...]
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Continue ReadingKeeping employees motivated during challenging times is extremely difficult. When the economy is performing poorly it reflects on the overall level of sales and profitability of your business. This in turn makes it difficult to offer raises or other monetary compensation to employees. For top performers, this can be especially frustrating.
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Continue ReadingWe’ve all heard stories about that guy. He has an idea. He has a little money in the bank. He decides to give it a shot. Fast forward a few years and that guy has a successful company.
Go to the full article: Is The $1,000 Successful Startup A Myth?
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I can teach you proven strategies for growing sales and for raising money from investors. I founded EcoFin Media, Trans 24/7 and Proximo International.
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