The Best Small Business to Start

The Best Small Business to Start

Many people are deciding to go into business for themselves.  The grind of working in an office and taking orders from a boss is not appealing, so people are deciding to start their own small business. When people make this decision, they often don't know what to do.  What is the best small business to start? With so many to choose from, this decision can often be overwhelming.  Obviously, you will want to choose something that you are good at and you have a passion for.  Here are some of the small businesses that have seen the most growth over the past decade:

1. Day care

This is one of the best small business ideas because the demand for it will always be there.  However, it is not the type of business that you can instantly get up and running.  You will need the proper licensing and training.  Running a professional daycare business is not like babysitting for your neighbor. However, the earning potential for a daycare business is very solid.  Because of the tough economy, many couples have full-time jobs.  Since both the mother and father are working all day, they need someone to watch their child.  Since there is not always a relative available, day care services will always be needed.

2. Photography

Even though every smartphone has a camera in it, people will always need experienced photographers to take photos at weddings, company functions or staff photos that will be included on website profiles of various employees.  It does not take a huge investment to get started in this business.  All you need is a few thousand dollars to by a top of the line camera and you can begin.

3. Computer and smartphone training

Are you experienced at using all of the latest apps and features of Macs, PCs and smartphones?  If you are, why not put your knowledge to use and make some money off of it?  We are living in a world of technology.  This is widely considered to be the best small business to start because of the explosion in popularity of smartphones in recent years.  Many older people are who are not familiar with technology are getting smartphones for the first time.  They need someone to show them how to operate their new gadget.  Why can't that person be you?

4. Moving company

This is another one of those businesses that there will always be a demand for.  This is one of the best small business ideas because there will always be people moving into new houses or apartments.  There will always be students moving into dorms.  These people will need help lifting their heavy items, so that is where you come in.  When you start this type of business, you need to make sure you are properly licensed and that you have liability insurance in case you break some valuable items during the moving process.  Needless to say, you or the people you hire will need to be in great physical shape with no back problems for this type of work.

If you are looking for the best small business to start, these are all great examples.  You can duplicate other business plans or if you have an idea to add a new twist to these businesses, I'm sure you will achieve success.  Most important part is that you are not afraid to try.

Business Management Fundamentals

Business management fundamentals

Businesses may be of any size. They may deal in any kind of commodity, and they may have one of at least three structures (sole proprietorship, partnership or corporation). But business management is built on certain principles which are the same regardless of the type of organization in which it is done. Every action and decision has to be coordinated properly so that a carefully chosen goal may be achieved.

Some history

The modern discipline of business management developed with the rise of the modern stock exchange during the 16th century, when the discovery of the New World opened up ocean trade routes, on which trade required more money than the simple proprietorship or partnership could make. Prior to that time, there was no distinction between owning a business and managing it; and those who managed small shops or farms did not plan the exact way in which they would do so. With stock companies, those who brought in their money often knew little about the businesses they were financing, so they hired managers who did possess such knowledge.

What does the business manager do?

Management of a business is as much an art as it is a science since the primary function of the manager is to get people to work more efficiently than they otherwise would. There are four main skills that form part of management:

1. Planning — What is the desired final product? What resources, human and nonhuman, should be used to achieve that goal? If they are not available at the present time, how will they be obtained? What could go wrong, and how will that be prepared for?
2. Organization — How are you going to make things happen? How ready is everyone to do what he or she has been assigned to do? How well trained and motivated are the employees?
3. Directing — Here is the part where you tell each employee what he or she is to do, when to do it and what to use. In this function, the manager may play a role similar to that of the conductor of an orchestra.
4. Monitoring — The manager is focused on making sure that everything is going along smoothly, fixing anything that is not, and in general remaining on top of things.

Small business management

The management of a small business is in many ways a separate discipline from business management in general. The processes described in the previous section do, of course, apply here as well, though they take place on a smaller scale. There are books on the subject, and at some colleges and universities (such as Penn Foster and Flathead Valley Community College), you can even choose specifically to major in small business management. For an example of a college program in that discipline, go here. Software and apps (including those for mobile phones) are also marketed.

When it comes to managing a small business, you need to start with the fundamentals of business management.

How to Become an Effective Business Manager

Effective Business Manager

So often, a small business manager is responsible for a myriad of tasks, including recruiting, hiring, overseeing and coordinating the activities of employees, setting strategy, establishing budgets, and finding new markets for expansion. Thus, in order to be effective in this position, you must be, above all, flexible. Additionally, you might consider taking the following tips to heart.

Train Employees Thoroughly

A business cannot prosper without productive employees. So commit plenty of time, attention, and resources to employee training programs; be sure these sessions explain in detail every aspect of the business. It’s also wise to partner a new employee with a longtime worker, so the latter may mentor the former during his or her initial weeks. Let new employees know that you’re available to answer questions and hear concerns, too.

Know Your Stuff

Study your field constantly. Learn to use new technologies and media platforms. Always scrutinize the marketplace, the work of your competitors, trends in advertising, changes in the law, and anything else that might possibly give your business an edge.

Hold Yourself to the Same Standards as Everyone Else

If you want respect as a small business manager, you must earn it by holding yourself to high standards. If you make a mistake, admit it to colleagues candidly and then move on. And don’t bend the rules that you expect everyone else to follow. Always follow the company dress code, for example, and don’t exceed the lunch hour. Do not award yourself special bonuses or unnecessary perks, either.

Goals and Detailed Plans Go Hand-in-Hand

An effective business manager is both a visionary and detailed oriented. To that end, always have in mind a broad, long-term vision. For instance, you might decide that your business will achieve X amount in annual sales or Y percent market penetration. Then craft a highly detailed strategy to make that vision a reality. Devise a budget. Decide which cost management strategies you’ll employ to stay on that budget. Create monthly goals, and communicate those goals clearly to every one of your business’s employees so they’re keenly aware of what they need to work towards.    

Build Relationships with Customers

To the greatest extent possible, get to know your clients and customers personally. Engage them in conversation. Stop and say “hi” whenever you see them, whether it’s at your business or at the mall with your family. Send your biggest clients holiday cards, or even invitations to dinners or golf outings. Doing so will increase their loyalty and bring in new business through positive word of mouth.

One Thing at a Time

When you focus on one task at a time, rather than trying to multitask, you decrease the number of errors you’ll make, reduce your overall stress level, and increase the chance of a creative breakthrough. Multitasking is sometimes necessary for a business manager, but it’s greatly overrated. In addition, prioritize your tasks: Allot the most time and energy to the most important among them. See if you can assign less important activities to someone else.    

Continually practice these tips and become an effective business manager.

Growing Your Small Business

Growing your Small Business

Most entrepreneurs dream of building their company and making a lot of money in the process. Sadly, many business owners work hard but fail to realize their dreams because they did not develop a solid plan. Here are five tips on how to grow a business.

Plan:  When dreaming of an idea, most people want to get started immediately. When starting rapidly, an entrepreneur feels that he or she can start making money and building a solid customer base. Instead, one should create a solid and workable business strategy. One must include financials, marketing strategies and a basic idea on how the company will turn a profit. Remember, to grow a business, one needs a plan. Of course, when creating the plan, one should not go overboard or stress. It is just a simple outline of the company and its long-term plans.

Adequate funding:  Many companies never gain traction in their market. This happens for a lot of reasons with one of them being that the company does not have enough money. When the business cannot afford to pay top-notch employees or buy products, it will have a hard time making money. Simply put, when trying to grow a small business, one must have enough money. To get capital, one should apply for a credit card and build their profile. Then, after some time, one can apply for a loan at a bank or lending institution.

Employees:  In trying to cut costs, some opt to pay employees or contractors a low wage. Now, in the short-term, one will save money by using this method. However, in the long run, one must invest in their employees and contractors. When paying a decent wage, the organization can attract the brightest talent who gets results. Without a doubt, one cannot grow a small business without some solid and dependable employees.

No salary:  When turning a profit, some entrepreneurs want to live it up and draw a large salary. This mistake can lead to serious problems when the company faces leaner times. Ideally, a CEO should not draw a wage. Of course, this is not always practical; a company owner, should, at the least, draw a small salary, so he or she does not take away money from the organization. Without a doubt, to grow a business, one must make this sacrifice.

Bookkeeping:  Some companies neglect to set up a solid and long-term bookkeeping plan. Instead, many busy entrepreneurs opt to throw receipts into a box or drawer. One should not do this as it can lead to serious and difficult problems. Instead, a company should hire a professional bookkeeper and keep copious records and notes of all transactions. In the long run,  this will pay off since the organization will have an easy time obtaining loans and doing taxes when they have organized books.

Most people do not know how to grow a small company. Luckily, when following these five simple tips, an entrepreneur will know how to grow a business and rise to the top.

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Setting Business Priorities

Time Management for Small Business

Small Business 101

Setting Business Priorities for Building a Successful Business

Building a successful business normally takes time, and it requires setting priorities so that the business can survive through good and bad circumstances.

Business priorities will often vary based on a diversity of factors including the company’s mission, financial status, human resources and the industry. Therefore, it is essential for each business owner and their representatives to develop a list of priorities and remain consistent in accomplishing them.  However, before an individual or a team of representatives starts this process, there are some things that they should know.

Why are business priorities a necessity?

In an ever-changing global business environment, it seems nothing is remaining stable. Consequently, when the business leaders are in the process of managing their operations, whole organizations have to regroup to keep up or remain on the cutting edge of the industry’s competition.

In many circumstances, the challenges during these times can become overwhelming since there are so many different things on the table to do. However, when the business is well-versed in setting priorities and keeping everyone on the same page, the business will not get side tracked by accomplishing goals and objectives that will not add value to the mission.

Another top reason for setting priorities is it allows the team to accomplish the more lucrative projects first. Consequently, the team will increase business profits and everyone involved can enjoy the fruits of their labor (i.e. company bonuses etc.).

Defining Priorities

With so many variables that can affect today’s businesses, defining priorities usually takes more skill and experience to do it effectively.  Fortunately, there are software applications available on the market, and they can assist with expediting this process.

This software is designed to help with making an informed decision because it may also provide trends and other valuable information.  For instance, the business owner can set the top priorities based on the activities that bring in the most finances. Whether the finances are derived from cutting out unnecessary procedures in an operation or selling more products to a specific target market, the business owner and their representatives should set the highest priorities based on financial income.

In some cases, the company may have a need for additional resources so that the company can expand their activities into other markets. To achieve these and other objectives, the business owner and their representatives must know what it considers to be the most important. By defining priorities, everyone in the company can stay on task and move forward together.

Tips for Setting Business Priorities

Tip #1 - One of the first tips is to create a list of objectives. This list will assist the staff with setting the business’ priorities effectively.

Tip #2 – Set a specific criteria designation to each objective. On a scale ranging from 1 to 3, it will make the items easier to classify. With the highest priority ranking number 1 and the lowest priority ranking number 3, the group can decide which objectives should be accomplished first.

Tip #3 – Involve all key personnel in the process. To ensure the process is thorough and effective, everyone who has a stake in this process should be involved. Leaving out key stakeholders can present major problems in the future. 

Now that you know the basics of setting business priorities, it's up to you to put that knowledge to action.

Time Management Tools for Small Business

Time Management

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Time management is very important for small business owners and entrepreneurs. In fact, one of the biggest problems is when the owner is working 90 hours a week on a consistent basis. Many business owners can't figure out how to manage their time properly. That is why they are overworked and miserable. Here are some time management tools that can help you manage your time better.

Salesforce.com

This is one of the best CRM (customer relationship management) systems out there. Now, I understand that many business owners may not need it because they are not customer-facing themselves. But most business owners interact with customers on a daily and hourly basis. In fact, if you're not interacting with customers a lot, then it means your business may not be going well. In any case, Salesforce.com is a great tool that will allow you to save a ton of time. It will also enhance your customer relationships. It will enable you to load in contact information, create opportunities for your sales and deal pipeline and will allow you to set tasks so you know when and how to follow up. It's much better and easier to work with then keeping all of your customers in an excel spreadsheet or some other static database.

Synced Computer, Tablet, and Smartphone

I've noticed that the business owners who are the most efficient leverage the technology they have. Most sync their computer, tablet, and smartphones together. That way, they can manage their schedules and their projects on the go or when they're out of the office. It can be a bit of a pain to set it up so you can sync everything together. Outlook is a good standard schedule, email and project management tool. The great thing about it is that you can easily sync it with any tablet or smartphone.  If you own Apple products, may apps auto-sync such as Notes, Reminders, and Calendar...all helpful in time management.

Dragon Dictation App

One of the biggest time wasters is when you have a brilliant thought, you forget it, or have to spend hours figuring out the details. You could use the Dragon Dictation App. The basic app is free and very easy to use. You can speak into is and it'll dictate into text everything you say. That means you can take notes on the fly when you're out or on the road.

Basecamp

If you do a lot of project management, you really need to use Basecamp. It's a very useful tool that will support the management of projects. It's also great for teams to collaborate on projects. It collects all of the communications and schedules in one place.  You can try it FREE for 2 months to decide if it's beneficial for your business.

It's important for small business owners to manage their time properly. These are just some time management tools that can help you do that and maximize your productivity.


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Time management for business

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Time Management for Business

Time Management for Business

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The common thinking when it comes to business is "time is money."  In order for a business to be successful, it has to be well-organized and efficient with its time.  Proper time management in business is often the key to being successful with both customers and employees, and putting time management strategies to use can have an immediate impact on a business.  If a business is having trouble managing time efficiently, the following time management tips may help.

When analyzing time management in business, one of the first steps is to decide what has the highest priority at that moment and for the upcoming week.  One of the best time management tips for this is to develop an Action Plan for the upcoming week.  This plan should be thought about at the end of each week, and developed in time to be implemented the next week.  Friday is often a good day to develop the next week's Action Plan.  A staff meeting can be held to find out what got done, what didn't get done and what is the most pressing assignment still awaiting completion.  Employees and management can work together to develop an Action Plan, listing the top three items that need to be completed the next week, what day they will be done and who will be in charge of seeing them be completed.

After settling on an Action Plan, the next of the time management strategies is to prioritize.  Take a close look at the items on the Action Plan, and see which of these is most urgent.  Ask yourself how each task will impact the business, and will it have a negative impact if put off too long?  Do the same with the second and third items, and soon the Action Plan will not only have what items need to be accomplished, but in what order as well.  Learning to correctly prioritize for a business is much like triage for a hospital, where the most serious problems get done first and so on until everything is finished.

The next and perhaps most important step in time management for business is learning how to stay focused on the task at hand.  No matter what type of business a person is involved in, there are always distractions trying to intervene.  Some of the biggest problems with distractions come from people who are self-employed and working from home.  With family and friends always wanting to stop and talk for a few minutes, it's much too easy to let the day slip by without getting much work done.  The best way to handle this is to have a regular work schedule, such as 8-5 Monday through Friday when you are officially working.  While hard to initially implement, it can work wonders once followed.  By staying disciplined and keeping distractions to a minimum, much more work can be completed and much more money made.  By using these time management tips, an individual or organization can find themselves being much more productive.

Five Benefits of a Small Business Website

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Despite the nearly universal opinion that internet marketing boosts the income and profits of businesses of all sizes, a disturbingly large number of businesses out there don't actually have a website. The following list includes several vital reasons why a small business should create a small business website. It's important to note that this list represents only a sampling of why it's great for all companies to create websites and that it doesn't take a degree in web design to get a terrific website launched.

1. Advertising is quick and easy

When a company that lacks an internet presence needs to advertise a sale or new product, a lot of time must be put into the marketing strategy for things like billboard advertisements, radio spots, and even television commercials. This is a pricey endeavor for a small business. A small business website offers a much less expensive way to let everyone know about something new and is particularly effective when paired with a social media campaign.

2. Website creation is not expensive or time consuming

There are several resources that will help a small business to create a beautiful website, and whether a web design professional is hired for the job or whether the process is handled internally, utilizing web-based tools for creation requires almost zero technical expertise. Although it is beneficial to have a website specifically designed to be unique for a small business, it's fine to launch the initial website with a simple template approach and automated website design software.

3. Web presence makes customer service easier

Placing a focus on customer service helps all companies, but small companies might have to spend a lot of time on the phone answering questions that could be handled less expensively online. Not only will a website offer a "Frequently Asked Questions" display to take care of most basic customer inquiries, but many customers these days prefer handling their customer service through the internet because it doesn’t require time spent on hold on the phone.

4. Improves company image inexpensively

Refurbishing a brick and mortar location takes a lot of time and money and can't be done particularly often. Making a professional and updated small business website, however, is a much easier process. Today's customers will very often have their first experience with a company through the internet, and so that first impression from the company's website represents a prime opportunity to show the professionalism and polished appearance of the company brand.

5. Increases selling power

The effort put into creating a website and proper web presence that includes things like social media and branding opportunities provides a significant opportunity to increase sales. A website may increase sales through online purchases, or it might allow a company to hit that elusive sales goal that was decided upon at the beginning of the year.

The internet exists as a significant equalizer in making it appear that a business is actually larger than it is, and this means that even the smallest companies can use the internet to create brand growth, increased sales, and higher customer engagement. Creating a website offers far too many benefits to pass up.



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The Importance of Bookkeeping for Your Small Business

Small Business Bookkeeping

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Bookkeeping refers to keeping the financial records of a business operation. A bookkeeper, business owner, or family member usually performs this function. An accountant may be needed to interpret and adjust these financial records, prepare financial statements, and file tax returns.

Importance of bookkeeping 

You need financial information to help you run a business, even a small business. Cash is the life-blood of any business operation. Without cash, or the ability to get cash, your business probably will fail. Financial information tells you the sources and uses of cash. This information can serve as an early warning that you will run out of cash unless you make some changes in your business operation. This same information can help you minimize unnecessary uses of cash. It also can help you develop additional sources of cash. The financial information for your business activities should be kept separate from your personal activities. The best way to do this is to have a separate business checking account.

Do-it-yourself bookkeeping 

In this type of small business bookkeeping, the business owner or family member keeps the financial records. This may be done using hand-written records, or it may be done on your computer using an accounting program. The person who performs the bookkeeping may need to read a book on bookkeeping or accounting to know what to do. This type of book can be found at a local library, a local bookstore, or an online bookstore.

Hired bookkeeper 

You may want to hire a bookkeeper or an outside bookkeeping firm to maintain your financial records. This person or firm should have the qualifications and experience needed to perform this service. You should have confidence in this hired bookkeeper. You must be willing to share your financial information and discuss financial matters with this bookkeeper.

Online software 

Another way to maintain your small business bookkeeping records is to use online software. The Outright website is recommended for this purpose.  To begin using their services, you give them links to your various online business accounts. Then they can access the information from these online accounts and feed this information into your accounting system. Outright maintains your accounts using IRS-approved tax categories. This simplifies the preparation of your income tax return.

You can review your Outright financial information from any computer with Internet access. They even provide an iPhone app for this purpose. Besides the information that they automatically download from your online accounts, they allow you to enter other information such as your business mileage. Outright provides many types of useful reports to help you run your business operation. These reports include your profit and loss, your sources of income, your best customers, your biggest vendors, and your sales by state.

Final thoughts 

The financial information provided by your small business bookkeeping or accounting system helps you with both day-to-day business decisions and long-term business planning. You can't run your business without it.


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Why You Need Small Business Insurance

Small Business Insurance

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It is important for small business owners to do everything they possibly can to protect themselves and their business. Obtaining small business insurance gives business owners peace of mind and safeguards their business against many liabilities. Even online businesses can benefit from having some kinds of business insurance. This article will provide a brief overview of the most common and useful types of small business insurance.

Commercial business insurance is not required by law, but having it can protect you against lawsuits, natural disasters or a death of any of the business owners. A lot of small business owners think that choosing to structure their business as a limited liability corporation is the same as having liability insurance. The truth is, no matter how your business is structured, only commercial liability insurance can protect you from business losses. When you are first starting your business, whether it is based in a physical location or completely online, do your research to find out if the local laws in your area require insurance for certain functions conducted through your business. This includes insuring company vehicles or individual employees who do certain tasks.

Some kinds of commercial business insurance are:

• Product Liability: This coverage protects your business against lawsuits and injury claims caused by defective products that your business may produce.
• General Liability: This coverage protects your business against lawsuits caused by general accidents, negligence and injuries.
• Professional Liability: This coverage protects businesses that provide a service from lawsuits caused by malpractice, negligence and other incidents that may occur while providing the service to a customer.
• Home-Based Business: This coverage protects home-based physical or online businesses from various liability and property damage.
• Commercial Property: This coverage protects your company’s physical property from various damage caused by bad weather, fires, vandalism, burglary and more. With this type of insurance, the term property can be used to define the actual building that your business is based out of, computers your business owns, documents, and even lost revenue.

There are a lot of options for business insurance, so you will have to speak with your insurance company to make sure you choose the best coverage for your business.

If your business has employees, there are certain kinds of insurance that you are required to have by law. These kinds of insurance typically include:

• Disability Insurance: Employers in the states of New York, California, New Jersey, Hawaii, Rhode Island and Puerto Rico are required to have disability insurance. Employers in other states can choose to offer this insurance as an employee benefit.
• Unemployment Insurance Tax: All employers in the United States must pay unemployment insurance taxes. The amount varies by state. The first step in obtaining this insurance is registering with the workforce agency in your state.
• Workers Compensation Insurance: Employers are also required to have workers compensation insurance. There are many ways to obtain this type of insurance. You can choose to go with a commercial insurance company, become self-insured or participate in your state’s workers compensation program.

Regardless of whether you run a physical business with employees or a home-based business online, small business insurance is something you need to look into. It not only protects your business, but your future revenue and assets as well.



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The Small Business Administration Offers Resources to Grow Your Business

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Starting a small business is tough and it's even harder if you don't have access to resources to help you along your journey.  If you are thinking about or ready to start a business, there is a resource you definitely need to be aware of: the Small Business Administration (SBA).
  

The Small Business Administration is a U.S. government agency that assists small businesses and entrepreneurs. The agency’s activity can be summarized in three words that include contracts, capital and counseling. SBA loans are made through credit unions, banks and other lending companies that partner with the SBA. These loans are enhanced to provide up to a 90 percent guarantee. There are several services that the Small Business Administration provides for businesses today.

Programs

This agency provides various programs that help individuals start their own businesses. This includes topics on creating a business plan, choosing a business structure and obtaining licenses and permits. Additional information includes how to choose and register a business name and a guide to business regulations and laws.

Another useful guide that this agency provides is a basic course on how to manage a business. It includes useful information about how to grow a business, running a business, business regulations and laws. Additional topics include how to lead a company and how to get out of a business. It also includes a guide on local resources, health care and business guides for industry.

Loans

The agency also provides a guide to the loan programs it offers to help small businesses grow. Loan programs include debt financing, venture capital programs, surety bonds, microloan programs, the CDC/504 loan programs and disaster loans. Each of these loan programs also has a guide to eligibility requirements, use of their proceeds, fees, repayment terms, interest rates and the application process.

The agency also provides people with a guide to prepare their loan application. It includes topics that help people determine their financing needs and credit factors. The agency provides a business loan checklist. This checklist describes the documentation requirements and questions that lending companies will ask before approving a loan. The SBA also has a tool that helps people find small business loans from their local and state governments. These programs include venture capital, low interest loans and economic and scientific grants.

Grants

The Small Business Association also provides useful information about government grants. This includes application forms for construction and non-construction grants. The website has an article about research grants designed for small businesses from the Small Business Technology Transfer Group and Small Business Innovation Research. The agency also has a complete list of various government agencies that offer STTR and SBIR programs through the federal government. Additionally, the agency has a search tool that helps people find grants from local, state and federal governments.

Contracting

This agency also provides a thorough guide to contracting. It includes steps that businesses should complete to increase their capacity to contract in the industry. It also explains the agency’s role in government contracting, small business size standards and much more. Additionally, the agency includes contracting support for small businesses. This informs people about government-provided tools to help entrepreneurs build their business potential to compete in the federal sector.

The Small Business Administration website helps business owners gain in-depth knowledge of the business world. At the same time, this agency provides numerous options to help people grow their businesses.  If you're ready to do business, the SBA is a place you should visit.



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Propel Your Business Towards Success With Affordable Advertising

Small Business Advertising

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As a small business owner it can be challenging to determine the best way to advertise the products or services that your company offers. You want to make sure you spend your money wisely and focus your budget on low cost alternatives that can help broadcast your image and mission to a wider variety of people. No matter your company’s financial situation, it is possible to successfully advertise without breaking the bank. Consider using one of these 5 options for your online or brick and mortar business the next time you are pondering the best way to get the word out about your company. 

Business Cards

Business cards are an excellent way to increase the exposure of your company. By placing them in busy areas and carrying them with you at all times you can rest assured that you will always have your contact and other pertinent information on hand. Business cards give your company a more professional image and help to increase your overall credibility. 

Apparel 

Offering apparel with your company’s logo or slogan on it can increase brand recognition of your company by exposing it to the public. You can sell the apparel individually, and offer special sales where a free item is included with a minimum order. Don’t hide your company’s image when you can have it carried to the masses for free. Consider having custom apparel designed for your Small Business Advertising efforts. 

Press Releases

One of the quickest ways to advertise your small business is by requesting your own or contributing to a press release. Not only will it help to increase the exposure of your business, but it can also help you share your knowledge and experience level with a wide consumer base so you can draw in more customers. Contact a newspaper or professional blogger and offer to share your knowledge and experience in any press releases they may release in the future. 

Search Engine Optimization

If you have an online presence then you want to make sure that it effectively reaches your potential consumers. By utilizing search engine optimization techniques you can increase the traffic to your site, and increase your total online sales. Don’t let your website go unnoticed when you can put basic practices in place to increase your overall online exposure.

Utilize Social Media

Small Business Advertising has drastically changed with the introduction of social media sites. You can utilize this medium to increase your company’s exposure with no investment, or increase your results by choosing to participate in advertising programs that help to target individuals who may be interested in the products and services that your company provides. 

Don’t let financial restraints keep you from advertising effectively. It is possible to increase the overall exposure of your company without a large advertising budget. With a little research you can determine the best way to reach your target audience and propel your business towards a successful future. 

Small Business 101: Build a Foundation With Small Business Courses

Small Business Courses

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Successful business owners are knowledgeable, educated, and experienced in the field they pursue.  Managing, operating, and starting a business begins with knowledge.  It's apparent that education on the purpose, mission, and dynamics of a business' culture can affect a small business' place in the marketplace. Anyone can start a business, but according to the statistics of the Small Business Administration, everyone cannot thrive.

So, what is the first step in starting a business in today's society?  An education of course to begin familiarizing yourself with the concepts of business ownership.  If you have wanted to explore the different possibilities available in your field, you can engage in small business courses, obtain a business management degree, or take random business management courses to figure out your starting point in the market.

Choose the Best Courses

Small business courses give you the upfront, no-holds-barred information you need to create a business plan, conduct research, and learn how to manage your business successfully.  After completing initial projects during your course, you develop all of the materials necessary to present your ideas to investors and bankers for funding.  On the other hand, you only see one aspect of business management through a single course.

There are offers available to pursue multiple business management courses or a business management degree at your local community college, universities, and/or online universities serving your area.  A small business course will increase your appetite for success; consider taking an array of business management courses to take on the world with confidence.

Learn About Business Management

Business management involves thinking, directing, training, and preparing yourself as well as your staff for the volatility of the marketplace. Many small business owners undertake business courses designed for 'how-to' directives instead of hands-on applications. Consider the benefits of using elite business management skills to prepare for your new venture:

1. You learn new skill sets necessary for managing a company.
2. You have confidence in your abilities to conduct a successful company in today's economy.
3. You receive recognition for participating in industry-wide programs in your field.

Consider a Business Management Degree

Are you ready to prove yourself to your industry? A degree in business management is the real starting point for opening a business. You will learn the details of financial planning, calculating risk for business decisions, accounting applications, and marketing strategies. A degree in business management will teach you everything you need to step into the marketplace ready to execute plans and achieve your dreams.

If you pursue a two- and four-year degree in business management, you will have to invest time into learning the basics and apply the knowledge to your planning. Never underestimate the possibilities behind learning the ins and outs of business management through the right organization. Once you learn the basics, you can continue to incorporate more courses as your career flourishes. 

Simple Steps to Form or Start a LLC

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If you are in the process of starting a business and you have decided to set up a Limited Liability Company, it really is quite simple and does not require a lot of time or effort to start a LLC. Once you have made the decision to form a LLC, the process is straight forward and the steps are easy to follow.  In the beginning stages of a new business, it is best to save as much money as possible and you can do so by filing your own LLC documents.

Determining a business name should be the first step in forming a LLC; you want to make sure that you choose a name that fits your business model. Take the time to go over possible names that would be appropriate for your particular business, as long as it does not include “bank,” “insurance,” “corporation,” or “city”.  The business name should end in LLC or some other designations of LLCs approved by your state.  It is best to check the Secretary of State’s office to see if your desired name is available before filing any paperwork; this will ensure that your name does not infringe on another corporation’s trademark.  In most states, you will not have to register the business name as it will be automatically registered when you file the articles of operations.

Once the name is selected, it is now time to prepare and file the “Articles of Operations” form with the Secretary of State’s office.  The “Articles of Operation” are simple documents that are easy to fill in and can generally be completed within a short amount of time.  The form will ask for the LLC’s name and address, and depending on the state, it may ask for the names and addresses of all its’ members.  The corporation may decide to appoint one member to sign the articles, or all members will prepare and sign the articles.  Filing fees will vary depending on the state, and filing fees can range from $100-$1000. You can contact the Secretaries office for more information on the filing fees.

Although it is not required by the Secretary of State’s office, it is best to create an Operating Agreement amongst all members of the LLC.  An Operating Agreement will lay out the structure of the business and the rights and responsibility of each member.  This form will also determine the voting powers of each member and how the LLC will be managed.  The Operating Agreement should be kept on file at the location of the business.  This form will assist if there are any financial or legal issues in the future. Some states require that the business files a Publish Intent to Form document with the Secretary of State’s office. This means that you publish a notice in regards to your business name in a local newspaper for a certain amount of time.

The final step to start a LLC is to obtain licenses and permits that are relevant for your business. The licenses and permits are necessary for the business to operate. It is also important to apply for a federal tax ID number and obtain any zoning permits required by your county. Once all documents are completed and filed, your corporation is now ready to open for business.

What You Should Know About Business Investors

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One of the greatest challenges of starting up and sustaining a small business is to find suitable sources of funding. The entire process of finding suitable business investors for your business can be extremely daunting—and with good reason, for the future of your business largely depends on your success in accessing additional sources of capital.

While the task itself is daunting, the best way to tackle it is to be prepared. When looking for business investors, you must know what to look for, where to look for and how to look for them. But most importantly, you should be able to know what they are looking for from you.

Who are Business Investors?                                                                                     

Business investors, in a nutshell, are individuals or companies that offer financial assistance to new and upcoming businesses by providing the capital required to run the business.

Before Looking for Business Investors

The most crucial step in obtaining funding for your business actually takes place before you even start looking for investors. Why? Because it is at this time that you learn to put your best foot forward. To do this, you must first draft a business plan that is not only comprehensive but also takes offers contingency plans of action. In your business plan, you’ll need to provide a brief company overview and outline the services your business offers. However, what investors actually look out for at this stage is your analysis of competition and the current industry situation. In addition to this, clearly mention any financial assumptions you’ve made. If your business is already up and running, it will be a good idea to insert any relevant financial statements.

Where and How to look for Business Investors

The first step, obviously, would be to ask your immediate circle of friends, family and colleagues for recommendations. This will save you a lot of time in terms of searching for a suitable business investor. In addition to this, when looking for business investors you can also:      

• Approach local commercial banks
• Apply for a loan or grant from government agencies e.g. U.S. Small Business Administration (SBA)
• Contact local angel investors, who are always on the lookout for startups
• Enter into a partnership with friends or family

Analyzing Potential Business Investors

Approaching Business Investors is easy enough. But how do you know which one is right for you? What aspects do you look for when approaching a business investor?

While there is no hard and fast rule, there are some ideals you can generally adhere to. Firstly, if your startup is a bit more risky, you might want to spare yourself the effort of applying to local banks which generally tend to play it safe. In such cases, always opt for angel investors. In addition to this, you’ll need to do a quick background search on the investors to ensure that they haven’t been involved in any form of misdeeds, because any scandals could tarnish the reputation of your company. Also, investors sometimes offer great networking opportunities and sometimes also provide other forms of support and legal advice to budding entrepreneurs. Hence, if given the option, you might prefer the investor who offers all these perks!

Hence, while looking for investors is no easy task, its best to make careful and systematic decisions when choosing a business investor. After all, the future of your company rests upon this decision.