5 Financial Warning Signs that a Business is in Trouble
Realizing that a business is in financial disaster is a nightmare for every business owner. Nothing is worse than waking up one day and realizing that your business has run out of money or, even more disastrous, that you are in deep debt. Every business runs into problems, but when finances start to get out of control and you’re unable to settle financial obligations, you need to act immediately. Never put these matters on hold. Like any illness, it is vital to identify the warning signs before it’s too late. Catch the symptoms early...
read moreUse Networking to Grow Your Business
In business, it’s not just about your products or what you are capable of doing. Who you know is also important for both your personal advancement and business development. Do you also know that each connection you have, either offline or online, is connected to a hundred other professionals? This means that having connections gives you opportunities to drive your business forward. The primary reason why people network is to get referrals. But networking is more than that. It is a powerful tool in growing your business. Not only can it...
read morePriorities in Choosing the Best Location for Your Business
Planning to put up a retail store? Where will your business be located? Location matters a lot. It’s one of the key factors that determines everything that your store does. Your success depends on it, especially if you’re operating a small retail brick-and-mortar store. The right spot brings success, while the wrong one can put you out of business. But for some small entrepreneurs, location isn’t given much priority. Some simply get lured by low rent or rely on their gut feelings, while some others act on impulse. So if...
read moreBusiness Growth Pitfalls to Avoid
For any small-business owner, growth is definitely a good thing. Whether it’s offering a new product, reaching new clients, or branching into other markets, business growth is positive. But although growth is exciting, barriers exist that oftentimes paralyze our growth in its tracks. There are pitfalls and fears that even prevent this growth – challenges which we need to avoid and overcome. If you feel that you’re up against roadblocks, ask yourself: What is stopping my business from growing? Fears Fears come in different forms....
read moreFactors to Consider in Opening a Physical Store
Thinking of expanding your business by opening a new retail store? Sounds like a great plan! Successful business owners and retailers are merging their online and in-store presence to provide a seamless customer experience across different channels. As we can see, even big online retailers such as Amazon and Google have opened customer-facing branches. The beauty of having a brick and mortar business is vast and varied. There is something for every business owner – from clothing stores and gourmet restaurants, to household goods and...
read morePowerful Uses of Old-School Business Card in this Digital Age
Do you ever wonder why some people carry those old-school business cards? From a millennials’ point of view, handing out old-school business cards is like having a sort-of dinosaur-instinct. In today’s digital age, virtually most marketers and business owners rely on direct conversations with people. Some even think that business cards are too outdated in our modern, social media driven world. Still, business cards do matter more than ever. Why use business cards when it seems that everyone is carrying digital devices in their...
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