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  • +9

    10 Business Mistakes for Start-Ups to Avoid

    10 Business Mistakes for Start-Ups to Avoid
    Too many people jump into a business without thinking it through. Success involves analyzing, planning, and implementing strategies for the venture. In this article, you'll find ten mistakes often made by start-ups and tips to prevent the pitfalls. 1.Not enough research on the business. The idea is not feasible or the owner lacks important information. For businesses with a physical location: ...
    Rated: +9
  • +9

    Coming Up With A Killer Business Idea

    Coming Up With A Killer Business Idea
    Do What You Love Starting a business is a blood, sweat and tears endeavor that will consume the majority of your time. If you do not pursue what you love you will not be happy and your business will most likely fail. The key questions to ask when coming up with an idea are: What am I passionate about? - Love ...
    Rated: +9
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    12 Ways To Expand Your Marketplace

    12 Ways To Expand Your Marketplace
    When expanding your business, you should explore all the strategic alternatives available to you. Select the one that makes the most sense and then prepare a plan on how to implement that strategy. There are at least a dozen common strategies and a variety of strategic combinations or special situations to choose from. We present some of those alternatives below. Expansion ...
    Rated: +9
  • +8

    Selling Cost vs. Price: Find the Price Point That Covers Your Costs and Provides a Profit Margin

    Selling Cost vs. Price: Find the Price Point That Covers Your Costs and Provides a Profit Margin
    I recently finished a keynote presentation for an industry that's getting hit hard by competitive pricing. Customers want the best price they can get, especially in a difficult economy. So what can you do to keep your price at a number that covers your cost and maintains your profit margin, without discounting? I have two options for you: Walk away from ...
    Rated: +8
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    Successfully Transitioning from Corporate to Entrepreneur: Things I've learned along the way

    Successfully Transitioning from Corporate to Entrepreneur: Things I've learned along the way
    After 40 years of working for other people, in industry and in education, I decided it was time to go it myself. As an engineer, technical leader and executive, I had mentored and advised men and women throughout my career. I found this extremely rewarding but I wasn't sure whether I could truly develop my own consulting business. Now almost two ...
    Rated: +8
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    Never Stop Learning

    Never Stop Learning
    It hurts to learn. Yet, learning keeps us mentally agile well into our golden years, and it's the hallmark of successful entrepreneurs. Keeping up with what you don't know has the amazing ability to transform what you do know into the next million buck idea. Constant learning is the grease we need to stay competitive. Many people slow their learning down ...
    Rated: +8
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    The Rise of the 'Homepreneur'

    The Rise of the 'Homepreneur'
    More than half of all U.S. businesses are based at home. These companies often are dismissed as quaint hobbyist ventures, but new research suggests that's a mistake. An estimated 6.6 million home-based enterprises provide at least half of their owners' household income. Together these "homepreneurs" employ one in 10 private-sector workers, and by many measures they're just as competitive as their ...
    Rated: +8
  • +7

    SCORE: 10 Tips To Grow Your Business

    SCORE: 10 Tips To Grow Your Business
    SCORE, America's premier organization providing FREE counselors to growing businesses offered 10 practical tips to help you grow your business. All 10 points can get a boost by using technology. I've added the technology dimension, resource to each tech tip. 1. Grow your customer base. Understand your customer demographics and why they buy your products and services. Win clients over with ...
    Rated: +7
  • +7

    5 Ways Small Businesses Can Cut Costs

    5 Ways Small Businesses Can Cut Costs
    Just about everyone is seeing the costs of doing business go up due to fuel and energy prices, higher taxes and other outlays. With soaring expenses, small and mid-sized companies are being forced to tighten their budgets. As a small business owner, there are areas where you may be paying more than you have to. So how you can cut your ...
    Rated: +7
  • +6

    Family Business: Escaping a Culture of Entitlement

    Family Business: Escaping a Culture of Entitlement
    One of the biggest challenges of a family business is the issue of entitlement. We have seen it many times. Junior is given the title of vice president without ever paying his dues. Members of the cousin generation (third generation) have only known the business as successful and expect it to continue and for the business to just be handed over ...
    Rated: +6
  • +6

    Mint Makes a Quick Mark on Intuit

    Mint Makes a Quick Mark on Intuit
    Four months after Intuit (INTU) bought personal finance Web site Mint.com, the company is preparing to phase out its Quicken Online software, moving Intuit's Web users to Mint. The software company plans to combine its technology with Mint's, making it easier for users to toggle between the Web and their home computers while managing money. Intuit plans to discontinue Quicken Online, ...
    Rated: +6
  • +6

    Five ways to make 2010 a banner business year

    Five ways to make 2010 a banner business year
    Ahh, yes, it’s January again. I always feel that December flies by in a mad dash. It seems that as soon as I sit down to Thanksgiving dinner, I get up and it’s New Year’s Eve! After the rush and excitement of the holidays, I like to take time in the first few weeks of January to re-group. I plan where ...
    Rated: +6
  • +5

    Your E-Options for Tax Returns Are Plentiful, Helpful, and Mostly Easy

    Your E-Options for Tax Returns Are Plentiful,  Helpful, and Mostly Easy
    Jan. 20--Less than three months remain until April 15, and last Friday, the Internal Revenue Service declared its electronic filing system "open for business," allowing taxpayers the chance to get their refunds quicker. If you're receiving W-2 forms and other statements in your mailbox, you might be itching to begin. It's been a few years since I've examined the options ...
    Rated: +5
  • +5

    Better Shipping

    Better Shipping
    You're almost done. You found a product (or product line) to sell, listed it on eBay, sold it and received payment. Now it's time to pack and ship it to the buyer (this is also called fulfillment). While your focus may have initially been on selling the item and getting paid, quality packaging and accurate shipping will have just as much ...
    Rated: +5
  • +5

    Easy Ways to Reduce Business Costs

    Easy Ways to Reduce Business Costs
    What business owner isn't trying to save money today? While online businesses often don't have the overhead that comes with a big office and lots of staff, we are often hit with lower profit margins that come with online competition and numerous businesses out there competing with our goods and services. We find ways to get creative about getting our message ...
    Rated: +5
  • +5

    Online Banking Has Killed Personal Checks for Good

    Online Banking Has Killed Personal Checks for Good
    NEW YORK - It's been nine months since I've written a check. That's not to say I'm on some 12-step program to resist shopping. My credit card bills would suggest otherwise. Rather, when I opened a new bank account in March, I challenged myself to see to how much I could use my bank's online bill-payment service to stretch the ...
    Rated: +5
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    Looking to Start a Business? Now is a Good Time

    Looking to Start a Business? Now is a Good Time
    As we move into the winter months, and the economy is slowing coming out of its "economic winter," one only need look around to see that one person's recession is another's great buying opportunity. That is especially true if you are in planning and buying mode for your start-up. Few times in recent memory have been as kind to buyers of ...
    Rated: +5
  • +4

    Family Business – Don’t make business decisions with your heart or family decisions with your head.

    Family Business – Don’t make business decisions with your heart or family decisions with your head.
    This week I attended the S. Dale High Family Business Center and heard Howdy Holmes speak. Howdy is President and CEO of Chelsea Milling Company – better known as “Jiffy” mixes. Howdy also spent twenty years of his life as a professional race car driver before finally returning to the family business. It was an interesting story he shared about the ...
    Rated: +4
  • +4

    The Value of Design to Startups

    The Value of Design to Startups
    Over the past five years I've consulted with and/or invested in about 50 startups. I've gotten to know a lot of entrepreneurs and a fair number of the venture capital and angel investors who are backing these companies, most of which are in the consumer Internet field. And guess what? Probably more than half of the startups, and more than 90% ...
    Rated: +4
  • +4

    Business Management Basics: Seven Factors for Success

    Business Management Basics: Seven Factors for Success
    All business owners want to be successful. This article outlines seven aspects of a company that require effective management. You can always find ways to create a "well-oiled machine." Improvements typically translate into returns on your investment. 1. Marketing - Product, price, and positioning. Timing is everything. Snickers, Tootsie Pops, Mars bars, and Three Musketeers were all created during the Great ...
    Rated: +4