Competition is inevitable in any market, but it can be especially difficult for small businesses facing larger or newer competitors. How do you protect your small business from competitors that perform too well, perform poorly, or innovate too much? Here are some tips to help you stay ahead of the curve and maintain your competitive […]
If you run a small business, you may want to create a podcast or blog to share your expertise, attract new customers, and grow your brand. But how do you choose a topic that resonates with your audience and highlights your value? Here are some tips to help you find your niche and create engaging […]
Being an entrepreneur can be rewarding, exciting and fulfilling, but it can also be stressful, demanding and tiring. How to balance work and life as an entrepreneur without burning out, losing focus or neglecting personal needs? Here are some tips to help you find a healthy, lasting balance between your professional and personal lives. Set […]
Know your fund cycle Your funding cycle determines how much capital you have and how long you have to deploy it. Typically, venture capital funds have a 10-year life cycle, with the first five years dedicated to making new investments and the remaining five years to supporting and exiting existing investments. You should plan the […]
Finances are one of the most important aspects of running a small business. Whether you need to start, grow or survive, you need to find the resources and terms that suit your financial needs. However, negotiating small business financing can be difficult, especially in a competitive and uncertain market. How can you increase your chances […]
Customizing enterprise software to meet your needs is a challenging but rewarding task. Business software is designed to help you manage many aspects of your business, including accounting, marketing, sales, inventory, and customer service. However, not all software solutions fit certain goals, preferences and workflows. Therefore, it may be necessary to modify or enhance the […]
Tracking store inventory is essential to a successful retail business. You need to know what you have, what you need, and what you can sell. This article provides some tips and tools to help you manage your inventory effectively and efficiently. use a barcode system One of the easiest ways to track store inventory is […]
You have a great idea for a new product or service that you think will solve a problem or fill a market niche. But how do you turn an idea your customers love and buy into a reality? Refining and bringing your innovative idea to market is a critical step in the success or failure […]
1. Offer more flexibility Most small businesses are not very entrepreneurial. Policies and procedures are simpler and don’t need to be consistent. When recruiting potential employees, telling them you’re open to options is a big plus. Can an employee work from home one or two days a week? Can you offer flexible working hours? Can […]
One of the ways to success for the small business entrepreneur is to do your own exploration in terms of what is out there in the business alsore -create your own interpretation of what you see and hear. When you try tore-create what you see and hear to perfection you risk no way starting your […]