Patricia Anderson No Comments

Seven Small Business Risks You Might Not Know You’re Taking

Running a small business is often about taking and managing risks. Market risks are normal but business and tax risks are another thing altogether. Most business and tax-related risks can be managed as long you know about them. Here are seven small business risks you will want to make sure are covered. 1. Best Choice of Entity Are you operating as a corporation, limited liability company, partnership, or sole proprietor? Most of all, is the entity you are operating under providing you with the Read more [...]
Patricia Anderson No Comments

Five Steps to Getting a Business Loan

Most small businesses need help with cash during certain stages of their growth. If you find that you have more plans than cash to do them with, then it might be time for a loan. Here are five steps you can take to make the loan process go smoother. 1. Make a plan. Questions like how much you need and how much you will benefit from the cash infusion are ones you should consider. If you don’t already have some version of a budget and business plan, experts recommend you spend a bit of time drafting Read more [...]
Patricia Anderson No Comments

Marketing by the Numbers

Two very important skills for entrepreneurs to master are marketing and finances. Combine them by understanding the numbers behind marketing, and you have an even more powerful understanding of  your business. Key Numbers – Cost Per Client Acquisition Do you know how much it costs your business to bring in one client? The technical term  for this is “Cost per customer acquisition”. This is computed by adding the total marketing and sales costs excluding retention costs and dividing them Read more [...]
Patricia Anderson No Comments

Six Ways to Put the Spring in Your Sales

Spring denotes new growth, fresh starts, and spring cleaning. Why not apply these ideas to your sales so they can blossom along with spring flowers? Here are six ideas to put the spring into your sales. 1. Spring Cleaning Sales Get rid of old inventory by having a spring sale that will clean out your closets and put some money in your account. Look through your items for sale and find the ones that haven’t moved like you expected. Mark them down and move them out. 2. New Items and Services from Read more [...]
Patricia Anderson No Comments

Separating Business from Personal in Facebook

Do you love using Facebook with your friends but know you’re missing out by not using it in business? Do you feel guilty when you post a business promotion and would prefer not to bug your friends? The good news is there’s an easy way to separate Facebook personal use from business within your personal account. The answer is to group your friends by lists. Once you do that, you can selectively post to the appropriate list(s). Here’s how to do it, step by step. Log into Facebook and go Read more [...]