RFPs, or requests for proposals, are a big quandary for small businesses, especially consulting firms. It can take dozens of staffing hours to respond to RFPs. In essence, RFPs are too time-consuming and costly. Here’s a much better approach.
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The U.S. economy is blossoming, despite the inept Congress. Small and medium-sized enterprises haven’t received their deserved nourishing fertilizer. Here’s what the Republican majority must do or face consequences.
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Whether you’re a veteran in business looking to acquire multiple revenue streams, wanting to buy a business or whether you’re contemplating a business launch, it’s important to make the right choices to be profitable.
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If you manage the typical small or medium-size enterprise (SME), you’ve got your hands full just trying to stay profitable. So it’s imperative to be careful in dealing with your biggest expense – your employees.
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To enhance your culture, avoiding mediocrity is important. Whether you run a small operation in a big company or you own a small business, you’re wearing many hats. So you need employees who can successfully wear multiple hats, too.
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The government’s rollback of some Dodd-Frank’s banking rules are a good sign for both small banks and small-business owners. So, if you’re a small business looking for funds, get well-acquainted with your town’s community bank, or credit union if it’s skilled in small business matters.
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Employee morale affects performance. Study after study shows a significant percentage of worker morale is mediocre, at best. That’s often the case even for companies that are able to pay competitive wages and benefits. As you might guess, it’s a bigger quandary for business owners that don’t have enough cash flow for raises.
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Are you hoping to make a sale but tired of having to wait in the lobby of your prospects along with your annoying competitors? Big companies have obvious advantages over small businesses. Their brands are well-known. They can afford sales training, sales-support staff and customer-relationship management software. But here’s what you can do about it.
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Yes, it’s become important for small businesses to capitalize on cyber strategies for profit. Small and even regional retailers should be cognizant of three realities.
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The fourth quarter is the time for small business owners to reflect on options for year-end cash flow and tax benefits. In general, here are items to discuss with your accountant and tax advisor.
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Appearances and professionalism can make your small business seem huge. If you look as though you’re substantial and that you can handle anything thrown your way – your odds for success improve dramatically. Clients and customers will often prefer dealing with you as a small firm – if the job doesn’t appear too big for you to handle. So it’s best to look the part.
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Part three: How to grow your small business. In analyzing the growth rates of small businesses – every great entrepreneur has one salient quality – the ability to be an effective manager.
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