There might come a time in your business life when it makes sense to get into a partnership. Perhaps you want to broaden your business reach and with it, your customer base or you want to bring in new expertise. No matter your motivation, a business partnership can be...
Business owners sometimes have to take on debt as the company grows. Keeping this to a manageable level is crucial. There are many things that business owners should know about business debts. Understanding these can help you to determine whether you need to accept...
You have probably devoted considerable thought to improving your business practices and bottom line as a business owner. For example, you may have discovered that regularly shoring up your contracts helps business owners avoid costly breaches or misunderstandings. If...
You’re probably tempted to choose a business partner who is similar to you. In fact, many people end up starting businesses with their friends or family members, and it is their similarities that originally brought them together for the project. They see these as...
It was once said that location was the most important thing for any business. Having the right location would make or break that company. There are those who believe this has changed now that we live in a digital world. When you can sell goods to people on the other...
You’ve always had an entrepreneurial streak but never quite found the right time to launch your own business. That is, until now at least. You have come up with an idea and you’re sure it’s going to be successful. An idea is all well and good, but can you make a...
Opening a new business is a rewarding experience, but it requires a lot of hard work. Most entrepreneurs want their start-ups to be as successful as possible. One of the best ways to enhance the chance of success is proper planning. You have to know what will likely...
When you sign up for a service, how often do you read the “user terms?” Usually, this is a long, complex block of text full of legal jargon that many people do not take the time to read. Unfortunately, when it comes to business contracts, if you make things too...
Starting a new business is labor intensive. You have to ensure that you know exactly what you’re getting into, as well as a lot of other things. Taking the time to work through all the decisions you need to make before you open the doors can help to minimize the...
Business growth doesn’t happen overnight. However, you can see consistent, incremental growth with the right business growth strategy. The key is to use the right tactics to achieve this growth. Some proven and effective tactics to try are highlighted below. Create a...