By J.L. on July 7, 2008
Too often, overnight success can quickly become a company’s worst nightmare. A small business that lacks the capital, staff or infrastructure to handle a big order or nationwide publicity can promptly get crushed when …
Posted in Management | Tagged capital, inventory, small business, strategy, tax
By J.L. on April 21, 2008
Money management is tricky business. In addition to customers, cash flow and managing your accounts properly is what keeps your business humming along. Consequently, getting paid in full and on time, as well as understanding …
Posted in Start-Ups | Tagged business license, capital, customer service, e-commerce, internet sales, inventory, small business, tax
By J.L. on November 19, 2007
The prices you charge for what you sell have an enormous ability to affect your company’s growth. They can lure some customers and drive others away, produce profits from declining products and turn cash cows into money-losing dogs.
Posted in Start-Ups | Tagged competition, customer service, customer service policy, internet sales, inventory, marketing strategy, online business, online sales, online shopping cart, sales success, target market
By J.L. on September 17, 2007
The ring of the cash register has long been the sound of music. But today the cash register of even the smallest business may be attached to a computer via “point-of-sale” (POS) systems. These systems have grown in popularity over conventional cash registers because they don’t just ring up sales. They
Posted in Tech | Tagged competition, customer service, inventory, sales success, small business, strategy, target market
By J.L. on September 3, 2007
It’s easy to neglect the area of purchasing in your business. If you fail to devote enough attention to it, your cost of doing business could rise to an unnecessarily high level. As operating expenses increase, profit margins shrink, you would either …
Posted in Management | Tagged competition, inventory, small business, tax
By J.L. on March 5, 2007
It’s commonly said that business valuation is more art than science. If this is true, then the practice of valuing a start-up business is squarely in the domain of the artist.
Posted in Start-Ups | Tagged capital, hire attorney, intellectual property law, inventory, legal fees, small law firm, types of attorneys, venture capital
By J.L. on December 18, 2006
It’s a great idea: You found the perfect niche market, lots of customers, profit potential galore, the ultimate location and a stellar e-commerce site. The only problem …
Posted in Start-Ups | Tagged competition, customer service, e-commerce, Internet, internet business, inventory, marketing strategy, online business, online sales, sales success, strategy, target market
By J.L. on October 23, 2006
It’s an age-old question that faces every entrepreneur: What do I pay myself? There are a lot of different ways to answer that, but the two most common are …..
Posted in Start-Ups | Tagged capital, financing, inventory, sales success, small business, strategy, tax