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.
Target 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.
Small 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.
Anemic 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.
The 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…
When it comes time to sell your business, there are only three potential scenarios for agreeing on a final price:
The role that new businesses play in the success of our economy cannot be overstated. According to aÂ recent study by the Kauffman Foundation, job growth in the U.S. is entirely driven by new companies. Using data from theÂ Business Dynamics Statistics, a dataset compiled by the U.S. Census Bureau, the Kauffman Foundation analyzed both new companiesâ€”defined as those in business less than a yearâ€”and existing companies from 1977 through 2005. In all but seven of those 28 years, existing companies destroyed jobs while new companies created jobs.
Go to the full article: Give Your Startup An Edge With Startup Open
My friend Eric* has a problem that many business owners face. He has been running his small business profitably for over five years. He hasnâ€™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 happy and fulfill his customersâ€™ requests. He has what is commonly known as a â€œlifestyle business.â€
Go to the full article:Â Should You Scale Your Business?
Keeping 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.
Go to the full article:Â Alternatives To Raises That Employees Appreciate