| |
| |
|
Small Business Information |
|
|
|
Starting a Small Business: Balancing Risk and Reward
In a perfect world, starting a small business would be risk free, but just as with everything else; the degree of risk determines the value of the reward. According to the National Commission on Entrepreneurship, at any given time, 6% to 9% of the United States adult population is involved in planning for a new business. Most of these aspiring entrepreneurs, they say, will start a "Lifestyle Business" - primarily providing employment to themselves and their families. The balance will find themselves in "Entrepreneurial Firms" - those growth companies that, according to the NCE, created two-thirds of net new U.S. jobs in the 1990s. Both are fraught with risk - and potential reward. Ask a small business veteran about the risks, and three likely come to mind: employees, inventory, and accounts receivables. These are both the bad news and good news of business. In the audiobook, "Sound Advice on Small Business," author Jim Schell says, "The bad news is that they're a headache to manage, but the good news is they exert leverage." What business would Schell, a seasoned entrepreneur and co-author of "Small Business for Dummies," start if he had it to do all over again? With his tongue planted firmly in his cheek, he says in a perfect world it might be any business without employees, inventory, and minimal accounts receivables. Seriously, though, Schell says, "Without [them], you can only grow so far, so big. With them, the world is our oyster." Jim Schell offers advice to entrepreneurs on managing a small business each week in the free audio newsletter from What's Working in Biz, http://www.whatsworking.biz/full_story.asp?ArtID=92 About The Author Cunningham is a principal of What's Working in Biz, http://www.whatsworking.biz, a publisher of business audiobooks and online audio programs on marketing, sales, and small business strategies.
MORE RESOURCES:
Small-Business - Google News |
|
|
|
RELATED ARTICLES
Window Cleaning Business Future Challenge With Self Cleaning Glass Self-cleaning glass has been talked about a lot, with such a catchy name in his hit the headlines of not only the trade journals, but also the mass media. Does self-cleaning glass mean that all the window cleaners and small businesses across this country are doomed? No, not yet. Procrastinate Your Way To A Successful Small Business What will your business look like a year from today?If you're like most small business owners, you have many things to do and not enough time to do them. Can't you just ignore them and procrastinate your way to success?Not likely. How To Start a Small Business Not sure how to start a small business? This guide will offer you some useful tips on the basic requirements of starting a small business.Initially, there are two types of businesses available to you, Sole Trader or Partnership. Get Approved for a Franchise Deciding to start your own franchise is just one of the first steps to getting started. Buying a franchise is a lot like dating. Five Simple Software Tips for Small Business Owners The start of a new year is a time for a clean start. Resolutions are made, you clear your files of last year's paperwork, and you swear you are going to start the year off keeping your financial house in order. Franchising in The Middle East There Will Bring Significant Opportunity for US Based Franchisors As stability emerges in the Middle East there will be significant opportunity for the Franchising Community. Arab Franchising appears to be of interest for those seeking economic growth in much of that region of the World. Finance Your Small Business: So Much Money, So Little Time $37.4 million funded from venture capital today. Small Business Credit Card Advantages Obtaining a business credit card enables the small business owner to separate personal expenses from business expenses. Offering business credit cards to their employees eliminates the need for employees to use their personal credit cards or cash to make company purchases. Small Business and Branding - Why and How? When we speak of branding most of the time people try to relate it to big business house, however, the fact is that every business needs to establish their brand in order to survive the competition. This is nothing new; experts and management gurus had been preaching the same sermon for years now but what they have not told is why you need to brand your small business? How is branding going to help you to establish your business? How can you establish your brand without spending a fortune on it?You might be having a very small business but would you like your client to perceive your business as a small time entrepreneurial effort? Definitely not, and your business cards, letterheads and other marketing collaterals does just that. Is It Recess Yet?! Confessions of a Self Employed Workaholic I have a confession to make. My name is Caroline and I'm a workaholic. ADH Will Make Your Life More Productive & Your Life More Profitable What is a Virtual Assistant?? A Virtual Assistant is that indispensable element of your office staff - a professional that provides high quality administrative services in a highly scalable, value added format.? A Virtual Assistant is not an employee of your company, but rather an independent 1099 contractor who can work either by the hour or by retainer. Mobile Car and Truck Washing Vehicle Placement To maximum potential profits and dollars in a mobile washing business it pays to set up in your mind in advance the best and most strategic place to park, before stopping to wash. You will obviously want to park your rig in a location that allows you to do as many cars as possible without moving the vehicle. The Misconceptions of the Value Of Disclosures in Franchising Disclosure laws in franchising are suppose to help the consumer. They don't. How To Get Slightly Famous in Print Early in my career, I wrote an article for a small business magazine about self-publishing as a marketing tool for businesses. Because I specialize in helping businesses get into print, the article only took a few hours to write. Small Businesses You Can Start in Automotive There are many choices when thinking about a small business involving your favorite hobby, cars. What about a Mobile detailing franchise? Yes they too are available. Round Pegs In Round Holes: The Amazing Secret of Succeeding in Any Business Every Time! Success is the desire of everyman on the face of this earth. There is no normal human being without this yearning. Getting City Contracts; Local Government Contracting All cities have a purchasing office and/or a procurement officer. They handle all city contracts that are sent out to bid. Image is Everything - Secrets to Cleaning Car Fleets A recent survey indicated that clean Taxi Cabs Fleets have higher tip rates and repeat customers. How do you wash a taxicab? You do them four at a time and you go up and over and up and over when you are drying them. Looking for a Business to Run in the New Revitalized Downtown Area? Looking for a place to add a Quick Lube away from your Super Wal-Mart Competitor? Down Town Revitalization, Why You Should Be Part of Such a Committee.A study showed that within the next five years 20% of LOF- Lube, Oil and Filter Independent Owners said they had plans on adding one or more facilities. The Virtual Assistant As a small business owner, outsourcing work to Virtual Assistants is fast becoming a popular and intelligent decision. The business owner saves enormous amounts of money by cutting the costs of offices and equipment overhead as well as expensive benefits packages.
|
| home | site map |
| © 2006 |
