Most small-business owners are consumed by the daily challenges of running their business - satisfying customers, managing services and products, tracking finances and suppliers, and personnel scheduling.
Are you a reactor? Reactors respond to emergencies and mundane events the same way: They overreact.
Most SCORE clients have a good idea of their intended product or service, have performed an elementary competitive analysis and have thought about finances.
The recession and slow recovery have hit small retail businesses hard, especially those that compete against big- box stores and those that offer discretionary retail items.
One the many challenges a small-business owner faces is isolation.
The world is not a static place. Things are constantly changing: clothing styles, food preferences, popular sports and advanced technological devices.
Many startups err by trying to be all things to all people.
Nearly every large business started as a small business, frequently in the owner's basement or garage.
The stock market may be reaching new highs, but as one network analyst observed, "The stock market is not the economy."
As the economy slowly emerges from the recession, many businesses realize that cost-cutting is not enough to improve profits. In the end, the top line (revenue) has to grow.
Recent question in my Inbox: "I am the grandmother of three beautiful children (ages 4, 6, and 10) with whom I live and help raise. Their single mother, my daughter, has been involved in about six relationships over the past 3 years, with a 2-3 week interval in between relationships. I am wo…
Many prior columns have addressed the problems and challenges of starting or running a small business - strategic choices, finding customers, cash flow, managing personnel, etc.
Business startup lore is filled with stories of two college friends who share an idea and decide to start a business.
"Life is what happens while you are busy making other plans."