Patricia Anderson No Comments

Summertime Strategies for Your Business

Summer is a great time of year for most businesses to pause for just a little while to take stock, congratulate yourself on what you’ve accomplished so far this year, and make big plans for your future.  Here are five summertime strategies to help you regroup, reassess, and rejuvenate your business. 1.     Mid-Year Review If your business runs by the calendar year, 2014 is already more than half over.  This is a perfect time to stop and reflect where you’ve been, what you’ve accomplished, Read more [...]
Patricia Anderson No Comments

Does Your Small Business Need a CRM?

Have you ever stayed at a hotel and then returned, finding that they have stocked your room with everything you asked for the last time you were here?  Your special allergenic pillow was already waiting for you, you were asked if you would like a dinner reservation made just like you always do the first night, and there were even extra hangars because you always need extra hangars.  None of this would be possible for the hotel if it didn’t have a CRM, customer relationship management, system Read more [...]
Patricia Anderson No Comments

Oops: Do You Owe Sales Tax and Not Realize You Do?

One of the side effects of our last economic slowdown was in state government budgets; states searched hard for new income, and many of them found a great source by cracking down on sales tax collections.  Their new hot buzzword:  nexus. Nexus means a connection that a business has with a state, and it has to do with a form of presence.  In the sales tax world, you owe sales tax to a state if you have nexus in that state and you are selling taxable items.  The scary part for small businesses Read more [...]
Patricia Anderson No Comments

Seven Profit-Boosting Entrepreneurial Habits

Seven Profit-Boosting Entrepreneurial Habits  As an entrepreneur, you are responsible for shaping your business success.  Any habits that sabotage your success in your personal life can often carry over to your business.  Becoming aware of these is the first step to success. Here are seven success-boosting habits to double-check against your own. 1. Being able to say “No.”   Do you say “yes” to too many things that don’t serve your life purpose, help your family, or move Read more [...]
Patricia Anderson No Comments

Five Essential Components of an Entrepreneur’s Compensation

Five Essential Components of an Entrepreneur’s Compensation The two major ways entrepreneurs can take money from their business is through draws or by receiving a paycheck.  The type of entity in which their business is set up will determine which method can be used. In either case, entrepreneurs need to be careful not to shortchange themselves. Especially if you’re running a service business, it’s easy to initially think you can do well with a similar hourly rate that you earned as Read more [...]