Most of you would say, that this might not be the most important problem small businesses have to solve during their business operation. Well, that might be true, but on the other hand, if your business has an early-warning-system, than it could assist you in operating your business and keeps you focused on solving the […]
Dont Let Passions Rule When Buying A Business
For many, the American dream of owning a business is in queue right behind owning a home. I was a teenager when I owned my first business. Since then I have bought or started many businesses and helped others do the same. Here are some common mistakes I have witnessed or committed myself. Paying too […]
Does my small business need a budget?
Melody Campbell “I only have a small business, I don’t need a budget.” “I don’t have enough money to budget.” For many small business owners, the word “budget” is something for the bigger company – maybe they’ll have one when their business “grows up.” What is a Budget? The simple explanation is a budget is […]
Database Marketing: Using Point-of-Sale Data to Improve Profitability
David Frey Not long ago I made a trip over to the local Radio Shack to purchase an electronic plug for my cassette recorder. As I paid for my item the retail clerk asked me for my name, address, telephone number, birth date, and even my email address (something every retailer should be asking for […]