So you run a small business, you don’t have much money behind you, and you decide the web is a great place to increase your marketing efforts. A website is relatively inexpensive to build especially if you can carry some of the technical burden, and it provides a means by which you can reach the […]
Where Should Small Businesses Start with Search Engine Optimization? Read More »
The formula for success is a question that has long plagued entrepreneurs, but a helpful tool now exists that will assist in identifying the primary metrics of any business. The business model generation template comes from the minds of 470 contributors and was compiled in the book Business Model Generation: A Handbook for Visionaries, Game
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Time is the only one true fixed resource. Having a finite amount of time to complete any task makes time management an integral part of an organization. Entrepreneurs often have difficulty balancing their planning and organizing while simultaneously entertaining potential customers. What most don’t realize is that the time they have is very limited, and
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Most side income advice starts with a skill you don’t have or a platform you don’t understand. Location arbitrage starts with something simpler: the same item priced differently in two places. You buy where it’s cheap. You sell where it’s not. The gap is your margin. No special skills. No inventory risk if you play
Location Arbitrage: How to Build a Side Income Buying and Reselling Locally Read More »
Limited Liability Companies (LLC) are business entities that got their start in 1977 and are considered to fit somewhere between sole proprietorships/partnerships and fully incorporated companies. Existing to fill the gap between corporations and sole proprietors, LLCs can help to segment personal and business assets and liabilities while at the same time maintaining a simplified
How to Set Up an LLC Without a Lawyer: Complete DIY Guide Read More »
One of the hurdles you will undoubtedly run into when starting up a small business is choosing your company name. The quick and easy advice is to find something catchy, relevant, memorable, short, and unique, but I don’t want to leave it at that. What you call your company is very important and there are
How to Choose the Perfect Business Name: What Entrepreneurs Need to Know Read More »
If you run a shop floor, a service operation, or any process with more than two steps, you have a constraint. One step limits everything else. Drum Buffer Rope is the Theory of Constraints answer to that reality: a scheduling method that stops you from optimizing the wrong things and focuses the entire system on
Understanding Drum Buffer Rope (DBR) in Theory of Constraints Read More »
The reason there is such a need for small business financial help is because of the inherent realities that come along with the small business marketplace. Small business volatility has been discussed previously, but I want to explore further what can be done to combat financial concerns. Oddly enough, you are probably sitting on excess
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Leadership is important in business because all people are silently asking to be led. If you want to learn how to make money, learn how to lead. Business is a collection of people working for the same cause, and a leader is required to define that cause. Growth of a business will only come through
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The TOC Thinking Process is an interactive, logic-based approach to problem solving that can be applied to the most complex of systems. We as people often don’t think through issues to the extent that we should. The Thinking Process brings to light the assumptions we make in our thinking habits, and illustrates the ramifications of
The TOC Thinking Process: A Strategic Approach to Business Problem Solving Read More »
