“It takes money to make money” is a phrase that most entrepreneurs have heard – and lived. Yes, there are many business models that can be started on a shoestring, particularly in some service industries, but often a new or growing business will require an injection of capital in order […]
Advice from an Advisor
33 posts
The New Year means a blank slate for your business, including revenues. It’s likely that business owners are hoping for MORE sales this year, naturally, and therefore let’s discuss the sales process. Please understand that sales is, indeed, a process. Sales is not a one-off activity. In fact, it is […]
Artificial intelligence (AI) is revolutionizing organizations of all denominations, from large corporations to small businesses. Even though AI appears to be complicated and costly, it is now more available and budget-friendly than it has ever been for small businesses. Implementing AI can help organizations improve efficiency, cut costs, and increase […]
Starting a business is no easy task and not for the faint at heart. But there are many areas you can focus on to help ensure your business stays afloat beyond its first year and continues to succeed for years after. According to the U.S. Bureau of Labor Statistics, more […]
Company culture is a powerful organizational tool: it can impact sales, profits, recruiting efforts and employee morale, whether positively or negatively. A great company culture attracts people who want to work for and do business with a company. It can inspire employees to be more productive and positive at work […]
With 10,000 Baby Boomers retiring every day and that generation owning 40% of U.S. businesses, there are a lot of existing businesses available for purchase. However, capital post-pandemic is more expensive and very tight. The Small Business Administration recognized this and made some recent and welcome changes to its loan […]
There’s a reason Costco already has their holiday items out! Retailers make as much as 40% of their annual sales during the holiday season. That number varies by industry, of course, with toys often topping the charts: Most business owners are aware of the potential numbers, but many would be […]
In today’s fast-paced digital age, technology has become an important tool for small businesses. While larger corporations have long embraced technological advancements, small businesses can also reap the benefits by integrating technology into their operations. Here are some good reasons why technology should be used in mainstream small businesses: Enhanced […]
The value of anything is the point in which a buyer is willing to pay an amount that is satisfactory to the seller. This is the same when determining value and selling your small business; the price is what the buyer is willing to pay and the seller is willing […]
Two significant trends are evident in entrepreneurship at present: post-pandemic, Americans are starting businesses at a record rate and the “Silver Tsunami” of Baby Boomer-owned businesses is already here as that generation begins to retire. The numbers are astounding. Business Insider notes that “Americans filed 5.1 million new business applications in 2022, […]