Tag: Small Business
-
Small Business Volatility
Most people you talk to will agree that the likelihood for success of a small business is not high. If you were to ask why, most would not have an answer. It is common knowledge that small businesses have it rough, but it is not common knowledge as to why. In this article I will…
-
Key Small Business Success Factors
Many factors play a role in the success or failure of a small business, but how can these factors be assessed across business types and how do we identify which ones are key? In previous articles we have addressed how businesses can compete relative to one another but here we will dig into the key…
-
How to Finance a Small Business
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…
-
5 Steps to Start a Small Business
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…
-
Maslow’s Hierarchy of Needs for a Small Scale Business
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…