Your new business has opened its doors. It has been a challenge finding a good idea, obtaining funding, and getting the necessary permits in order. You have also had to find suppliers, get your facility ready, whether a brick and mortar store or an ecommerce site, and maybe hire some employees. So now that you’ve…
Any business owner will tell you that starting and running a business requires thinking ahead while also staying on top of lots of details. Innovation and vision are great. But what really allows a business to succeed is paying attention to details. Keeping track of everything that needs to be done and then making sure…
Making a product is easy. Well, it’s easy when you compare it to setting your prices. Here is one straightforward way to figure prices for what you produce: Materials + labor + fixed costs per unit + capital costs + profit = Wholesale Wholesale x 2 = Retail Then, treat that as a starting point,…
You want to start a business. But finding a good idea is a task many prospective business owners find daunting. There are many suggestions on how people can find a business idea. Brainstorming, building on a skill or talent, or using an idea you have seen somewhere else are three commonly used techniques. Another method…
If you ask, most business owners will acknowledge that connecting with others is a crucial element in their success. Of course, we know how important networking is in building a client base. Yet it also can help you answer questions on how to start and operate your business, as well as help you find…
Many small businesses collect email addresses from their customers, but they never do anything with them. That’s a missed opportunity. Other small businesses have built their entire presence on Facebook, so they have no control over who does or does not get their messages. Email remains a tool that you control. You decide when…
People going into business want to be successful. Lots of tips about success can be found online and in writing. Yet one tip is consistently seen and offers a great track record – Make good decisions, and do it consistently. It may seem obvious that successful business owners are good decision makers. In reality,…
When your customers want a product or service your carry, is your store the first place they go? People use habits and routines throughout much of their life. Habits and routines make life easier and free up the brain for other decision-making tasks. We operate much of our lives on autopilot. The autopilot mode can…
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