When starting and running a small business the question of how to finance will come up multiple times. There is often an initial startup cost for assets, materials, and initial operations. As the business grows the demands on your company will change and you will again need to look at acquiring more resources. Depending on […]
How to Finance a Small Business: A Complete Guide for Entrepreneurs Read More »
Every practitioner of the Theory of Constraints (TOC) is familiar with “The Goal: A Process of Ongoing Improvement – 30th Anniversary Edition” by Eli Goldratt. The book is an oldie but a goodie with the first edition published in 1984. I don’t know that it was Eli’s first book but it is most certainly his
The Goal by Eli Goldratt: Essential Theory of Constraints for Entrepreneurs Read More »
I found myself in yet another interesting conversation with a successful entrepreneur on the topic of successful business practices. We were discussing what is needed within an organization as it grows from a mom and pop shop to a mature corporation. It is obvious that the demands of the company will change as it matures
How to Measure Business Performance: Understanding Effectiveness vs Efficiency Read More »
It seems most people could use additional money on the side so I wanted to share with you a few things I have done to give you some part time money making ideas. What are the two things we never to seem to have enough of? Money and time. I believe this is why many
Part-Time Money Making Ideas: Real Side Hustles That Generate Extra Income Read More »
I recently met with my financial advisor and our discussion sparked an idea for this post. I am going to discuss the business cycle and how as entrepreneurs we can better position ourselves to take advantage of the phase changes. The Business Cycle As you know there is an ebb and flow to our economy
How Entrepreneurs Can Profit from Business Cycle Phases Read More »
A series of conversations has prompted me to address the importance of the human element as it pertains to small business. It seems as though most understand the importance of financial capital and overlook the role human capital plays in successful companies. I find this interesting especially because the significance of human capital can arguably
The Critical Importance of Human Capital for Small Business Success Read More »
With everyone talking about the economy I decided it would be a good idea to discuss an approach to small business that if followed would minimize the number of failures. These 5 steps to start a small business provide a solid foundation to any venture and should not be ignored. It is in the success
5 Essential Steps to Start a Small Business and Avoid Common Failures Read More »
In discussing profitability we are effectively discussing the efficiency of a business to make money. In other words, how can we squeeze a little more money out of the existing establishment? This topic is well worth discussing as most people find themselves in need of small business financial help. There are many effective ways in
7 Proven Ways to Increase Your Business Profits Read More »
For those of you who don’t know, Abraham Maslow published a paper in 1943 titled “A Theory of Human Motivation.” In this work he established a hierarchy of needs that he argued was fundamental to all humans. The structure of his hierarchy is often portrayed as a pyramid with the more basic needs making up
How to Apply Maslow’s Hierarchy of Needs to Your Small Business 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 »
