Great Ideas for your Small Business: Become a Profit Enhancement Officer We’re all familiar with ceos, but ever hear of a “PEO”? A PEO is a “profit enhancement officer,” and that’s what every business owner should be, according to Barry Schimel, a Maryland CPA who quit doing tax returns to devote his life to boosting … Read more
Great Ideas for your Small Business: Understand What Success Means to You When asked for three words that define success, entrepreneurs offer a variety of terms: “Independence, control, security.” “Happiness, financial reward, recognition.” “Pride, acclaim, money.” “Friendship, practice, failure.” Success is tough to define, yet most entrepreneurs are obsessed by it. How do you define … Read more
Great Ideas for your Small Business: Consider Joining the Family Business Joining the family business is no picnic. But with more people spurning the corporate world for entrepreneurship, taking over the family enterprise has become an attractive option for many. “I felt like there was a real need for me to get out of the … Read more
Great Ideas for your Small Business: Know the DOS and DON’TS of Buying a Franchise Franchising in the united states is a $1 trillion-a-year concept. Some 600,000 franchised small business owners provide jobs for more than 8 million American workers. There is virtually no product or service that can’t be bought through a franchised business. … Read more
Great Ideas for your Small Business: Know When to Reach Out for Help Every business hits a rocky patch once in a while; it’s nothing to be ashamed of. You have to reach out for help and work with whomever you can to solve your problems. If you don’t, you are jeopardizing your business, your … Read more
Great Ideas for your Small Business: Work Hard and Play Harder The most successful entrepreneurs i know work hard and play even harder. One friend, who built a $60 million company by working seven days a week for nine years, now frequently jets around the world to fabulous places for long weekends to meet her … Read more
Great Ideas for your Small Business: Get Help from a Restaurant Consultant Isidore kharasch is a skilled chef, but most of his clients don’t even know he can cook. “I’m more comfortable managing the business end of a restaurant,” said Kharasch, president of Hospitality Works, a Chicago restaurant consulting and turnaround company. He’s a very … Read more
Great Ideas for your Small Business: Create a “Roundtable”Editorial for a Trade Publication Veteran public relations counsel harriett Ruderman dreamed up this great idea for her clients: “You get companies together in a group to discuss a key issue in a specific industry,” she explained. Then you submit the story to a trade publication. Ruderman, … Read more
Great Ideas for your Small Business: Work the Phones or Walk the Floor Elaine petrocelli, co-owner of book Passage in Corte Madera, California, was named bookseller of the year in 1997 by Publishers Weekly. She’s done many things to deserve the honor, including battling nearby chain stores head-on and continually emphasizing customer service. Book Passage … Read more
Great Ideas for your Small Business: Do Something about Your Stress Level The entrepreneurial lifestyle is STRESSFUL. And, just as you manage your time, you need to learn how to manage stress. It’s important to your personal health, and to the health of your business, to maintain high energy and high spirits. Dr. Mark Goulston, … Read more
