As we begin our professional careers, each of us has a skill set and a circle of influence that allows us to achieve initial success. Our circle of influence is...
Got a new Web site on the drawing board? We've found that companies commonly make similar errors when planning a Web redesign. So here they are—accompanied by tips on how...
When selling a business you have two options: You can opt either for an "entity sale" or an "asset sale." Making the right choice between the two can help minimize...
The growing trend towards a virtual workplace is an important development for small businesses, and "unified identity" is the emerging technology that is making it increasingly possible. Consider the possibility...
A sound business plan can mean the difference between a company that prospers and one that flounders. A good business plan communicates accuracy and credibility and generates enthusiasm for your...
As more small businesses begin to open sensitive applications and data to employees across the company—be they mobile employees, temporary workers, or consultants—there is a growing need to easily control...
If you work from your home or have a small office, you may not have an IT manager to keep your most valuable asset – you and your clients' confidential...
Virtually every business could be increasing its revenue by offering and billing for additional services. Traditionally, however, the complexity of managing or implementing a billing system for incremental services has...
Small businesses are often born from innovation and by that token are more creative and nimble than their large corporate counterparts. But due to limited time and resources, they often...
Many small business owners struggle with the dilemma of whether to buy, rent, or lease office space. If you ask business consultants or real estate brokers, you will get conflicting...
Giving back to the community or giving your product away for a good cause can be a blessing in disguise for your business. It may not mean immediate profit, but...
In order to be eligible for an Small Business Administration Loan, you must have applied and been turned down for a conventional loan by a commercial lender. By law, the...
Issuing stock to shareholders, even in a very small corporation, is a complicated process. And if your company is public now or will be in the future, there are a...
In a startup, learning to recognize when you actually need to hire, vs. when you think you need to hire, is critical. As business picks up it can be tempting...
Opening up your own business is exciting, but if you get caught up in that excitement and fail to carefully review all legal documents and understand your obligations, you could...
More and more new hires are being employed based on their skills rather than their location, so we're seeing many virtual workers joining small companies. In fact, I sometimes work...
As hard as it is to admit sometimes, Mom and Dad usually do know best. From relationships to finances, Mom and Dad kept it simple and benefited because of it....
When you rent out a property, you will need to decide if you wish to offer your tenants a lease or a rental agreement. Although these terms are often used...
The gap between what many business owners say they will need for retirement and what they actually have saved is considerable but the picture does not need to look bleak....
Even the most successful e-commerce sites suffer from shopping-cart abandonment. Shoppers get distracted, get frustrated, or find the same item cheaper somewhere else, and leave before they make a purchase....
Preparing a budget, particularly when starting a new business, isn't just a good idea—it's vital to your success. Here are some tips to help get you on the right path...
As a new small-business owner you must make a decision between using accrual or cash accounting methods. Regardless of which method you choose, you must use it consistently. The accrual...
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
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