One of the key causes of failure of online businesses in their first year is the lack of focus by the owner. There are literally so many things to do in the day that it’s hard to decide which one of the mile-long list is the best task to tackle first. Moreover, there are so
Find Hidden Money in Your Business You Didn’t Know You Had – 14 Ways to Cut Down on Business Expenses
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.
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
Why look at ways to save money in your business? Business isn’t about how much you make, but about what you keep – the net profit. Cut an expense, and the savings usually goes straight to that bottom line. Learn a simple way to spend $25 less on electricity each month, for example, and you’ll