To successfully launch a restaurant, you’ll need a lot more than a good idea and a restaurant business plan — you’ll need capital and lots of it. Without adequate capital reserves, even the best...
As a small business, there will be times when you need money you simply don’t have. So when small business owners look for financing, a line of credit is usually a leading consideration. Accordi...
Starting and running a small business without having some form of credit is nearly impossible. Many small businesses do not make it simply because they’re under-capitalized. One month where sales an...
As a small business, you may find yourself in a position where you’re actually providing finance to bigger, wealthier firms through their unpaid accounts. For a small business, an excessively high d...
If you’re looking to enhance your business efficiency, you need to try an exercise in Lean Manufacturing. By identifying and focussing on activities that actually create value for your customer and ...
All too often, we think about marketing as being advertising and nothing else, but your marketing mix is going to determine your sales and it consists of a lot more than just advertising and promotion...
Small business optimism has risen to 96.9 percent according to the NFIB. Economist Bill Dunkelberg is quoted as saying that current economic growth in the US is based largely on the efforts of small b...
When looking for ways of increasing profitability, there are only two real options: reducing your business costs or improving your turnover. Of course, that’s a lot easier said than done, but by bei...
If you don’t plan, you plan to fail. Nowhere is this truer than in small business budgeting. You need to know exactly where you stand in terms of the expense budgets you need to adhere to and the in...
