The failure rate of startup businesses is a common story. And many of these startups were founded on great business ideas. You might ask yourself why businesses built on brilliant ideas still fail. The answer is usually fairly simple. Having an idea for a business and having an idea about how to run a business are two entirely different things. The … Read More
Having a Home-Based Business
More than 52 percent of businesses today are home-based. Garages, basements, and attics are being transformed into the corporate headquarters of the newest entrepreneurs–home-based businesspeople. And, with technological advances in smartphones, tablets, and iPads as well as rising demand for “service-oriented” businesses, the opportunities seem to be endless. Is a Home-Based Business Right for You? Choosing a home business is … Read More
Four Small Business Mistakes
It is only to be expected that business owners make financial mistakes which can jeopardize their dreams. Here are four of the most common small business mistakes and how business owners can avoid them. Failing to plan Few small businesses have a working budget and cash flow forecast which is rolled over on (at least) a quarterly basis. As a … Read More
Dentist’s Revenue Jumped With CPA Advice
Dentist’s revenue jumps with one simple process change. Janice started a dental surgery practice three years ago. She had grown the business from nothing, reaching breakeven quickly through word of mouth and then moving into profitability. However, she also felt there was so much more potential to grow. When her trusted CPA suggested they talk through how she might grow … Read More
34 Ways To Increase Small Business Earnings
Small business owners want to know how to increase their small business earnings. The good news is there are many ways to make more money. This includes managing every aspect of your practice and striving for productivity growth. Here is a checklist with 34 ways you can make more money for your small business: More sales Better referrals from … Read More
Drafting a Strong Business Plan
Running a business without a strong business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the climb up will definitely be risky. Contrary to popular belief and practice, a business plan is not only a means to securing financing. Instead it is more of a step-by-step guide to running your … Read More
Five Tips for Smart Business Growth
Taking your business from the start-up phase to becoming a medium-sized enterprise is a pivotal step for many entrepreneurs. If you are at this stage, congratulations! You have succeeded where many others have failed, and you are potentially on your way to becoming a very successful company. That said, there are countless challenges involved in business growth. Becoming an established … Read More
3 Ways to Boost Your Business’s Success
Helping your business reach its goals for success is within your power. Boosting productivity and efficiency gives small businesses a competitive edge and can often mean the difference between thriving or barely hanging on. Though increasing efficiency can be hard at times, finding small ways to boost your team’s productivity can have significant effects on business growth. Below are 3 … Read More
How To Get The Best Out Of Your Employees
Hiring your first employee is a big step. You’ll want to make sure that you help your new hire to maximize their performance. We suggest following four steps that are simple, but time tested: 1. Set the right goals Goal setting is essential. It helps employees to prioritize their activities and focus their efforts. The goals must be meaningful to the … Read More
A Simple Strategy to Get Closer to Your Goals
Getting closer to your goals, one day at a time requires some planning… But when it comes to our to-do lists, far too many of us become undisciplined yes-women and yes-men. We complete easy tasks as we attempt to feel productive, instead of actually being productive. In actuality, the tasks we do are rarely the ones we should be prioritizing, or … Read More