Great Ideas for your Small Business: Learn from David Bowie David bowie may not at first be your idea of a savvy businessman, but in 1997 he did a bond deal that pulled in $55 million—and attracted a lot of attention. Instead of waiting for future royalties, Bowie went to Prudential Insurance Company and offered … Read more
Great Ideas for your Small Business: Write a Killer Business Plan If two down-on-their-luck beggars approach you on the street asking for money, are you more likely to give money to the dirty, dangerous- looking guy or the sincere, clean guy who asks politely for spare change? I’m not saying you are a panhandler, but … Read more
Great Ideas for your Small Business: Look for “Smart Money” Byron roth, president of roth capital Partners in Irvine, California, has watched his small investment banking firm grow to $60 million in annual revenues with 225 employees. His job is helping entrepreneurs finance their dreams. Based on years of dealing with thousands of entrepreneurs, he … Read more
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: Take This Self-Help Quiz for Managers Self-help quizzes and do-it-yourself diagnostics are popular features in women’s magazines, but rarely appear in business books. Yet it’s worth taking a few minutes to think about how you are coping with the toughest job in America—running a small business. Being an entrepreneur … Read more
Great Ideas for your Small Business: Ask Your Employees to Evaluate You Good managers are trained to evaluate their employees carefully at least once a year. These formal, written evaluations are used for giving raises and promotions or documenting problems prior to termination. But great managers should be confident and open enough to reverse roles … 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
