One of the hardest things for small-business owners to do is to extricate themselves from the daily grind and plan for the future. There always seems to be something that requires immediate attention. Unfortunately, it is not until the month-end or quarterly statements are generated that an …
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.
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.
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."
A person who wants to run their own business has two options - start from scratch or purchase an existing business.
How many times have you heard someone say in an exasperated tone, "I told him to do that"? This is a typical reaction when something is not done on time or improperly.
The U.S. Small Business Administration reports that 50 percent of all new businesses fail in their first year. Before starting a business, it makes sense to understand why so many fail.
Starting a new business involves dozens of tasks - some more important than others. First, there's the research necessary to develop a viable business plan.
Most SCORE clients come to us with little understanding of accounting and finance.
In a slow economy, marketing budgets are typically one of the first expenses that are cut. Startups and small businesses face a similar situation of limited funds. How can a business continue to generate leads and maintain its market visibility if its traditional ad budgets are cut?
Nearly every SCORE counseling client asks when they should arrange for help in the legal and accounting aspects of establishing their business.
Most leads never result in a sale. The challenge is to improve your success rate.
Firms that rely on repeat business know the importance of building strong relationships with their customers.
A facade detail by Concrete Designs at Stone and Pennington downtown.