Take ideas and strategies that you think might only apply to bigger companies, and relate them to small businesses.
In college, my two favorite classes were Business Cases and Financial Cases. We would get one week to dissect a large business and determine an optimal path forward for a situation they would find themselves in. I loved this because larger businesses offer a massive amount of data typically not available for small businesses. During
What Netflix Can Teach Small Business Owners Read More »
So you want to set out on your small business adventure. Where do you start? Do you start by buying supplies or prototypes? Do you start by collecting a list of investors who can kick-start the project? No! Your first step should be to ensure your potential business model will be financially feasible. Only once
Determining Financial Feasibility For Your Small Business Read More »
Pricing a product or service is perhaps one of the most critical decisions a business owner will ever make. However, very few business owners have the background to feel comfortable with these skills. When you started your business, you had a vision. This vision probably included the size of the company you wanted, the type
10 Ways A Pricing Strategy Advisor Can Benefit Your Business Right Now Read More »
As a successful small business owner, you understand that business ownership can be frustrating at times. There is too little time in the day and too many responsibilities that need to be handled for business owners. Often the responsibility of keeping bookkeeping and accounting is what pushes to the bottom of the list. Worse, taking
Why Bookkeeping Fails – Enhanced Bookkeeping is the Future Read More »
For many small business owners, accounting can be intimidating. Many owners are strong with numbers and record keeping, but few are financial professionals. Concepts like enhanced bookkeeping or cash flow management can seem difficult and unapproachable. Financial forecasting, in particular, can conjure up feelings of dread for business owners. But, as the saying goes, ignoring
Why Bookkeeping Fails – Forecasting: The Future Is More Important Than the Past Read More »
As a small business owner you are very aware of just how little time there seems to be each workday. Running a business isn’t easy, and requires a real investment of time and energy. Business owners can find themselves putting out fires or dedicating time to more pressing problems. Accounting, finance, and bookkeeping are activities
Why Bookkeeping Fails: Traditional vs. Enhanced Solutions Read More »
When asked, almost any successful business owner would agree that bookkeeping is a vital part of keeping their business running. As a small business owner yourself, you probably value keeping a detailed and accurate account of your business’ financial data, and you may even dabble in bookkeeping yourself if the need arises. Nearly half of
Traditional Bookkeeping Doesn’t Work Today Read More »
Throwing out half of a palette of expired lettuce is often part of the job when managing a small to medium-sized manufacturer, and it may not seem like a big deal. The costs of spoilage can add up, though. In fact, inventory spoilage accounts for over $35 billion in costs to small businesses every year.
Inventory Spoilage for Food Manufacturers Read More »
While starting a business can be exciting, finding investment is often filled with uncertainty. What you might not know is just how important the right investor partnership could be for your small business. According to a study from the Harvard Business Review, investor money “has become an essential driver of economic value”. What specifically does
How to Find Investors for Small Business Read More »
Selling on Amazon hold great potential for manufacturers. However, the unit level economics must be considered.
The Amazon Pricing Equation Read More »
