Is money tight right now for your business? You can get a sudden burst of cash by offering a flash sale or other promotion, but first take a good look at your regular business operations. There are probably some places you could tighten up and save. It’s like finding money you didn’t know you had.
We all know the experience of going to a fast food joint for a sandwich, only to come out with the sandwich plus an order of fries and an extra-large drink we didn’t want or need. How do they get you to do that? This is a classic example of bundling, where you offer several
Dedicate a Workspace Designate a specific area in your house for work. This will make it easier to stay focused and separate your work life from your home life. Find a spot that offers as much privacy as possible. Create a Comfortable Environment The right equipment goes a long way. This includes having a computer
The balance sheet is important to business operations in general. It provides a snapshot of what the company owns and what they owe to outside sources. The balance sheet is also known as a profit and loss account. By either name, this special form of financial statement provides great insight into an organization’s holdings. Breaking
Do you have the right personality type to successfully run your own business? It takes an entrepreneurial fire in your belly to start a business and make it succeed. Not everyone has it. How do you know if you have what it takes to start a business? There’s really no way to know for sure.
Analyzing the strengths, weaknesses, opportunities, and threats (SWOT) of a business is a well-established tool that is widely used by academics, consultants, and advisors. Although it is a simple concept, business owners often struggle when trying to use it because it is so broad. It is difficult to determine where to start, what questions to
Developing an effective marketing strategy campaign can help you determine your company’s success on launching a new product, or selling an existing service or product. The crucial components to developing strong campaign include specifically identifying the services and products to your potential customers. However, this requires understanding exactly which methods are the best ways to