There are only about 290 million people in the United States, but there are 6 billion people across the globe. Think about the profit if you can capture even if a small fraction of that huge market. But unfortunately most of the small businesses never think about expanding their reach beyond national borders. Even though [...]

As mentioned in the previous post about small business management, writing a formal business plan is very essential to the planning process of a business. A business plan will cover all your master plans about how you want to achieve the things that you want to achieve. Take your time in writing a business plan, [...]

The Small Business Administration has reported that more than 90 percent of small businesses fail just because of poor management. Management is a broad term which can be described by planning, financing, marketing, human resource development and accounting. In this post I will describe 5 essential steps towards successful management of your small business. Begin [...]

As an entrepreneur, the most hated thing would be to see the bank accounts diving down or going bankrupt. Small-businesses are relatively less risky and easier to run, but there are many common mistakes which entrepreneurs make which lead to inevitable failure to the business. In this post 17 such common mistakes are listed below: [...]

Once you are sure about having the attributes of a successful entrepreneur and after choosing the form of business ownership you want to adopt, it comes one of the most challenging part of running a small-business, which is financing or funding. Choosing partnership ownership structure will reduce the stress on personal assets a little, but [...]

Tired of the high cost of producing your poster printing? Do not be. There are plenty of ways for you to save on costs and work on the minimal budget you have. If you want cheap poster printing, here are ways for you to cut your printing costs. Resize your poster. Instead of doing it [...]

Most of us know that twitter is a free social networking and micro-blogging service that enables its users to send and read messages known as tweets. In this article, we will discuss how small business can utilize twitter effectively. Earlier in twitter, group following was not possible. On the basis of users’ feedback, twitter has [...]

Transforming your information technology expertise into a successful and ongoing business can be a great way to make use of these skills and to take control of your financial destiny. It is such a common path that the membership group the Independent Computer Consultants Association (ICCA) exists to support the work of these small business [...]

Send the right message – to the right people – at the right time. If you manage projects, then you will know that to succeed, you need to communicate clearly with all of your project stakeholders. Otherwise your staff will lack clear direction, team morale will be low and your project may deliver over schedule [...]

It’s not in your best interest to think that you can, or should, do all the tasks involved in running, marketing and managing your business. If it isn’t a strength, get it off your plate. Maximize your time doing what you do best or activities that directly increase your revenue like marketing! And the key [...]