Four Reasons Why Small Businesses Succeed (or Fail)

The American system of business management has been admired and emulated around the world. This system is characteristic of two traits in the American psyche: (1) enthusiasm for the future and making things better, and (2) an openness and willingness to change in order to achieve that end.

No society in the world is better or more prolific at creating new businesses than the United States capitalistic system but often we are so busy commercializing ideas and starting new ventures that we don't take the time to learn basic, successful management principles that have been developed by our larger companies.

Many entrepreneurs are technical experts in what they do but start a business without any formal training or experience in management practices and principles. By "management" here we mean the business of successfully managing the non-technical side of the business, the "back room" activities. As a result of inadequate management, many small businesses fail in the early years. They fail not because of a weakness in the product or service concept they have, but because the business was not properly managed in the back office.

Once a business has emerged or grown to a certain level, management techniques must change or the business will run into trouble. For many small businesses this level is $1-3 million in annual sales or 5-15 employees. Sometimes the critical point is smaller and sometimes it is larger, however, when it occurs, the owner or manager of a small business must evolve, morph or otherwise change from a manager of things to a manager of people and from a technical expert to a strategic thinker.

This is often a difficult task because of ingrained habits developed over time but failure to grow as a manager is a major, perhaps the major reason why a business will falter, stagnate or even collapse under its own weight.

But what do successful businesses have that troubled businesses don't? First of all, owners of successful businesses have developed personal characteristics that exhibit themselves in their businesses:

? Invariably they have a positive attitude towards their business and life in general.

"Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." Mark Twain

? They are committed to their effort.

"The only place you'll find success before work is in the dictionary." May B. Smith

? They are patient.

"Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage." Victor Kiam

? They are persistent.

"Many of life's failures are people who did not realize how close they were to success when they gave up." Thomas Edison

Secondly, the owners of successful businesses have developed a business blueprint called a Strategic Business Plan that clearly describes their business concept, their mission and their philosophy of business. In this document, they have set personal and corporate goals and set out specific time lines and strategies to achieve them.

Thirdly, the owners of successful businesses have developed an Organizational Structure that functions as a well-oiled machine. This structure, including all its policies and procedures, encourages all associates to perform to their utmost capabilities. It rewards those who excel in proportion to their contributions. It also disciplines those who deviate from acceptable behavior. Positions, tasks, duties and responsibilities are defined and communicated and performance is routinely measured. Training, job enrichment programs and incentive compensation plans are designed to encourage each associate to excel. Successful owners view their associates as their most valuable asset and resource.

Fourth and last, the owners of successful businesses have developed Operational Support Systems. These may be financial or non-financial, manual or automated. The objective of these systems is to support and make efficient all the activities of the organization. Well structured, they also relieve management of many day to day routine activities, giving owners more time to be strategic thinkers. The information provided by these tracking systems provide critical information on sales, cash flow and other financial performance data so that senior management can take timely action as change occurs. Red flags appear early, before problems become unmanageable.

IN SUMMARY, THE FOUR KEYS TO SUCCESSFUL SMALL BUSINESS MANAGEMENT ARE: (1) Owners have developed habits and traits that are Positive, Committed, Patient and Persistent. (2) A living Strategic Business Plan is in place. (3) An Organizational Structure has been developed that encourages people to be their best and helps them do so. (4) Operational Support Systems are used that track performance and relieve senior management of daily detail yet supply them with critical data to manage the business.

Let's go a littler deeper into what is meant by a Strategic Business Plan.

Successful businesses operate within a planned framework. A Strategic Business Plan is written for a minimum of three years or two years beyond the current budget year. The plan describes the company's mission to serve its customers. It analyzes its corporate and marketing strengths and how they will be exploited. It addresses its weaknesses and how they will be overcome. It identifies its target markets and pricing strategies and it identifies and describes strategic alliances or business partners that may be crucial to success during the planning period. The plan describes positions on any other issues seen as critical to the long term health or viability of the business.

With a current and meaningful business plan the company stands its best chance of continued success and achievement. Without a viable business plan the company runs the risk best described in the old adage: "Failing to Plan is Planning to Fail".

Now let's look a little deeper at what we mean by Organizational Structure.

The basic building blocks of organizational structure for a business are:

? An Organizational Chart depicting key functions of company operations and reporting relationships between the functions

? Job Descriptions for managers, supervisors and professionals that detail reporting relationships, physical/mental/special job requirements, skills, duties and responsibilities and standards of performance for each function

? Task and Duty Lists for plant workers, utility personnel and other laborers that detail reporting relationships, physical/mental/special job requirements, skills, duties and responsibilities and standards of performance

? An objective Job Performance Evaluation System that measures performance of all employees and encourages continuous improvement

? Information Guidelines including an Employee Handbook and a Policies & Procedures Manual that communicate acceptable boundaries and the preferred methods by which employees are expected to operate

? An Incentive Compensation System for all employees that rewards employees for performing above the standard or budget and does so by sharing a portion of the increased profits.

When all of these organizational components are in place and being utilized routinely, the organization will have structure and purpose. Employees will feel they know where the company is going and what their role is in helping it get there. They will know the boundaries of what is expected as acceptable behavior and they will be aware that outstanding performance will be rewarded.

Now let's look a little deeper at what we mean by Operating Support Systems.

The simplest type of system is a form, such as employment or credit applications, a product return authorization or a shipping release document. More involved examples of systems include cash forecasting and management, budgeting, variance reporting and incentive distributions. These more involved systems usually include some method of automated assistance such as a Microsoft Excel® worksheet or even more specialized software.

Usually the most involved system for a small business is the Accounting System. This may be a relatively simple system such as QuickBooks® or Peachtree®. These canned systems are particularly good for non-manufacturing businesses that simply buy and resell items. Also, they manage customers, vendors, accounts receivable and accounts payable very well. Finally, they have the capability of generating excellent managerial reports.

For manufacturing or other businesses that modify (add value to) the product after purchasing materials or for larger scale Point of Sale retail businesses, software that is more specific to the industry may be more appropriate. Great care should be taken before purchasing these systems, however, as they (1) often are much more expensive in the long run than simpler systems, (2) provide superior product cost accounting but often inferior general accounting reports and (3) have rigid reporting formats that are difficult to modify or adapt.

No matter what the type of business, some type of accounting software package that can capture daily transactions in a real-time environment and be easily operated by in-house personnel is needed. In today's fast paced business world, relying on an accountant to provide periodic statements of company performance several weeks or even months after the fact is not an acceptable strategy.

Other systems small businesses should have in place:

? Cash Management. This should be a forecasting system (spreadsheet) that projects accounts receivable and other inflows against accounts payable and other outflows and allows management to anticipate shortages and take action before a crisis occurs or to improve the utilization of excess cash during periods of relative abundance. The projection should be for at least six weeks forward. Properly automated, this system should take no more than 15-30 minutes per week for an administrative person to generate for management review.

? Budget. This is the one-year profit plan and critical to management control. This system should relate to the company's historical cost structure but allow for zero-based budgeting (justifying all costs by line item). The system should be automated to produce monthly budgets that directly relate to whatever sales volume was, in fact, generated. Properly automated, this system should require only a few hours per year of management input.

? Variance Report. This system is complementary to the budget system. It should be automated to produce a comparison of actual results against budget and should report monthly and year-to-date totals by line item. The report should indicate trouble areas, by exception, for management to take action upon. Properly automated, this system should take 10-15 minutes per month for an administrative person to generate the report.

? Key Indicator Flash Report. This report summarizes on one page the key weekly changes in cash position, accounts receivable, accounts payable, sales and inventories. Requires 10-15 minutes per week for an administrative person.

? Labor Burden Worksheet. This spreadsheet keeps track of the costs of benefits and other employee related expenses by employee and department. The full cost per hour or year for each employee is reported, which can and should be used in pricing strategy and pricing calculations. A complementary Employee Benefits Sheet repackages the information for communication to the employee as their full-benefits compensation package. Requires 15-30 minutes per quarter for an administrative employee to update information.

? Job or Product Pricing System. This system automates the calculation of pricing required to meet overhead absorption requirements and budgeted profit goals or it can report net profit margin before tax on any proposed pricing scheme. This system is used as needed.

? Incentive Plan Worksheet. This is a system for equitably distributing profit sharing monies to employees based on loyalty, performance and the extent of employee responsibilities. Properly constructed, it requires only 10-15 minutes per quarter to input updated information.

? Break-Even Calculator. This system calculates the company's break-even sales volume by day, week, month or year. Also provides "what-if" capability to analyze major decisions that potentially and significantly affect the company's cost structure before the decision is implemented. This system is used as needed.

? Weekly Sales Reporter. This is a reporting system that keeps track of sales by product group and salesman on a weekly, monthly and year-to-date basis. Requires 15-30 minutes per week for updating by the sales manager or designated subordinate.

If you have none of these developed, the task is not as daunting as it may seem at first. Plug-in systems are available from a number of sources at modest cost and include backup training and support (one such source can be found at profitmanagementinstitute.com).

In summary, the management principles discussed above can be visualized as a stool with four legs. One and two legged stools are totally unstable. Three legged stools are more stable but can tip if too much weight is shifted from one side to another. Four legged stools are the most stable.

The four legs supporting our profitable business stool model are, again:

1. Positive, Committed, Persistent and Patient senior management.

2. A Defined Business Concept and current Strategic Business Plan.

3. A Structured and Functional Organization.

4. Basic, Automated Tracking Systems to support the organization and make it efficient.

A business with these four critical components in place stands a much higher probability of success than businesses that are not so equipped.

© 2004 The Profit Management Institute, Inc. All Rights Reserved

Robert A. Normand is Executive Director of the Profit Management Institute located in Sarasota, Florida. The Institute is dedicated to providing small business management guidance and rehabilitation of businesses exhibiting sub-standard performance. The Institute's website can be viewed at profitmanagementinstitute.com

In The News:

HIPAA Violation Penalties Could Have Major Financial Impact on SMBs  Small Business TrendsThe financial impact of HIPAA violation penalties is especially burdensome on small businesses. Here's why your exposure to risk can be huge.
Small Business Owners Fighting to Protect Playing Music in Public  Small Business TrendsIf you're not aware how to legally play music in your business, you may be opening yourself up to licensing violations. Here's what you need to know.
Best cell phone plans for small businesses  Digital TrendsJust as one shoe size can't fit all, there's no single cell phone plan that will suit every small company. But there are numerous high-quality plans that are worthy ...
Are Young Entrepreneurs Becoming 'Endangered'?  Small Business TrendsThere are so fewer young entrepreneurs these days that the Wall Street Journal labeled them an “endangered species.” What's behind this trend?
Google Makes It Harder To Find A Phone Repair Service…And Other Small Business Tech News This Week  ForbesHere are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 — Thank Google for making it harder ...
August Event Will Focus on Customer Retention for Your Small Business  Small Business TrendsCustomer retention is one of the key metrics for ensuring the success of any business. Keeping more customers for longer periods, means you are doing ...
10 Tips to Improve Customer Experience in Your Small Business  Small Business TrendsIf you want to keep customers coming back to your business, you need to create a positive experience. There's a lot that goes into cultivating that experience, ...
The Gap Between Large and Small Companies Is Growing. Why?  Harvard Business ReviewResearch and news headlines are replete with the idea that traditional large companies can't innovate, and that smaller digital companies will render many ...
What's it like to be the first person to do solmething?  Small Business TrendsHave you ever been the first person to do something? One this week's Small Business Radio Show, Tracy Edwards shares her story of being first.
Remote Workers are Biggest Cyber-Blind Spot for Small Business Owners  Small Business TrendsIf your small business has an online presence, there are many vectors of attack hackers can use to find vulnerabilities. And as more of these businesses use ...
Department of small business development wants Treasury to clamp down on late payments  Business DayThe department of small business development wants the budgets of various national and provincial departments that owe small and medium enterprises ...
Small Business: Underwear on subscription? Aucklanders start brief business - Wears  New Zealand HeraldAucklander Simon Hetherington explains why finding solutions to problems makes the best businesses, coming up with the idea for Wears lying on a beach in ...
In the News: Is Your Restaurant Ready for the Impossible?  Small Business TrendsIf you own a restaurant, you likely have heard about the plant-based meat trend. Running a Burger King franchise in the U.S.? You just introduced the Impossible ...
Amazon retailers could find their businesses blocked in a no-deal Brexit  http://smallbusiness.co.ukLeaked Government report laying bare consequences of no-deal Brexit says retailers who use Amazon could find their businesses blocked.
Premier says small business owners need to up their game -As Government looks to introduce new credit scheme for MSMEs  Turks and Caicos Weekly NewsAS THE Government seeks to implement more measures to assist micro, small and medium enterprises (MSMEs) secure funding, small business owners will ...
Australian small and medium businesses confident despite economic worries  DynamicBusinessThe August 2019 Sensis Business Index has revealed that Australia's small business confidence is strong, with 57% of businesses now confident in their ...
Property Overtaxed: Commercial Sales Loophole Costs Small Business Owners  WOSUWhen Palmer Square, LLC recently wanted to sell their apartment building at 4121 Palmer Park Circle East in Columbus, they went through all the usual hoops.
Small Business and Retirement Savings: The Push for Multiple Employer Plans  LexologyWhile the overwhelming majority of workers at large US companies can participate in tax-favored retirement plans, coverage falls rapidly for smaller…
Governor may face biggest veto test on small business insurance bill  Winston-Salem JournalDemocratic Gov. Roy Cooper began facing Friday what might be his most challenging veto decision of the 2019 session — even counting the state budget ...
Small businesses unprepared for the latest wave of scams  DynamicBusinessOver half of Australian small business owners are concerned their business will be scammed, yet a quarter do not have processes in place to prevent the latest ...
48% of Small Business Employees Have Access to Too Much Data  Small Business TrendsWith the right data classification policy in place, you can identify the types of data you have, who can access it, and secure the information.
Small Business Matters: Employees: Your worst nightmare or your best idea?  West Hawaii TodayA huge step for the owner of any small business who has gone it alone since startup is the decision to take the leap from doing it all him or herself to becoming ...
Experts see 'scare-mongering' in reports that federal carbon tax is a nightmare for small business  The Globe and MailExperts see 'scare-mongering' in reports that federal carbon tax is a nightmare for small business. Brian Milner. Special to The Globe and Mail. Published ...
9 green technologies small business should consider  The Next WebGreen technologies can offer benefits to businesses while at the same time making it more environmentally sensible. There are a lot of options for smaller ...
Small businesses pluck workers from the Starbucks drive-thru  Asbury Park PressAs Deborah Sweeney placed her order in the drive-thru of a Starbucks near her home, she was impressed by the barista's attitude and attention to detail.
Should You Use Long Form Video Marketing for Your Small Business?  Small Business TrendsPeople watch more than 5 billion videos every single day on YouTube alone. When you add Facebook, Instagram and all other platforms, the popularity of the ...
Resources at the St. Louis Public Library for small business owners  KTVI Fox 2 St. LouisST. LOUIS - Whether you're starting a business, growing a company, or advancing your position, the St. Louis Public Library has a variety of business resources ...
5 Tips for Expanding Your Small Business (The Right Way)  EntrepreneurMany small-business owners want to grow their companies, and they want to do it fast. But if you rush into expandsion without a plan, you risk losing everything ...
Connie Whitt Named Small Business Development Center State Star  Ole Miss NewsOXFORD, Miss. – Connie Whitt, director of the Mississippi Small Business Development Center locations at the University of Southern Mississippi and on the ...
Should I Fire a Family Member  Small Business TrendsIf after 90 days, or whatever remedial period you choose, you don't see enough improvement, it may come down to firing a family member. Here's how.
How to Manage Reviews for Better Small Business Profit  Small Business TrendsDid you know the businesses that manage their reviews best actually earn more money? Here's how to do it right for your small business.
Small business group speaks out against govt over non-payment of services  EWNSmall Business Development Minister Khumbudzo Ntshaveni has revealed that government departments owe *service* providers over R600 million and are 30 ...
Small business confidence drops to a low as U.S.–China trade war rattles Main Street  CNBCSmall business owners across the nation are worried about the U.S.–China trade war. The CNBC|SurveyMonkey Small Business Survey for the third quarter ...
Best Work Trucks for Your Small Business  Small Business TrendsThere comes a time when delivering your products in a commuter car doesn't cut it anymore. Here are some tips of choosing the best work trucks.
What Small Businesses Should Look for in a CRM Solution  Small Business TrendsSmall business owners should always be looking for an edge. Seek whatever increases market competitiveness and provides opportunities to scale.
Why some small businesses don't win more business  Washington TechnologyMany small businesses still don't grasp the expertise to win in the federal market. and too often overlook the critical skills needed for basic business functions.
Quiz: Which Presidents Were in Business?  Small Business TrendsTake the quiz for which U.S. Presidents were businessemen before entering office -- or went into business after leaving the White House.
USPS Tells Small Biz Owners to Meet with Local Postmasters  EcommerceBytesThe USPS is urging small businesses to connect with their local Postmasters to get help in growing their businesses. “During the month of August we are ...
SMALLBIZ SMALL TALK: Businesses have cautious expansion plans as economy weakens  The MercuryNEW YORK (AP) — Ron Pierce has one eye on expanding his information technology business and the other on something he can't control: the economy.
Whitespace Innovations, Engaging E-Learning Added to GSA's HCaTS Small Business Pool 1 IDIQ  GovConWireThe General Services Administration has added Whitespace Innovations Inc. and Engaging E-Learning Solutions as awardees on a potential $3.45B ...
How To Sell To Small Businesses  Inc42 MediaMany small business owners have saved up for years or decades to buy their businesses or they've spend years building it from the ground up. When you're ...
The Power of Instagram Influencers for Your Small Business  Small Business TrendsA new report, Influencer Marketing Benchmarks, looks at AB categories, platforms, and *content* types across 4 social media networks. Here's what it found.
Amazon is passing along costs of a new digital tax to thousands of French sellers  CNBCAmazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.
GoDaddy Survey Shows That Indian Entrepreneurs and Small Business Owners Are More Inclined Towards Building an Online Presence, Than Global Counterparts  Business Wire IndiaGoDaddy (NYSE: GDDY), the company that empowers everyday entrepreneurs, released a Global Entrepreneurship Survey today, revealing interesting insights ...
Cognytics Tries to Bring Better Visualization to a Small Business's Data  Small Business TrendsMention data analytics to a small business owner. And they might think it is the domain of large enterprises. But this is no longer the case. With the advent of ...
An NYC community center is helping seniors build small businesses  Business InsiderFor some seniors, retirement is an opportunity to learn how to start their own small business, and they're doing it at New York's Senior Planet.
Proposed navigation center in SF causing uproar among small business owners  KGO-TVAccording to business owner Ray Leong, who is spearheading the campaign against the latest proposed navigation center on Evans Avenue in San Francisco, ...
What does catering business insurance cover for small business owners?  Live Insurance NewsCatering business insurance is a type of commercial coverage designed to provide small business owners with protection against the liabilities specific to.
Loyalty Program Software for Small Businesses Market 2019 SWOT Analysis & Key Business Strategies by Leading Industry Players and Forecast 2024  Financial NewspaperThe Loyalty Program Software for Small Businesses market revenue was xx.xx Million USD in 2014, grew to xx.xx Million USD in 2018, and will reach xx.xx ...
So Who's Top Dog at Your Company?  Small Business TrendsMark Anderson's cartoons appear in publications including Forbes, The Wall Street Journal and Harvard Business Review. His business cartoons are available ...
4 companies that help small entrepreneurs grow their business online  YourStoryIf you are a seller on social media platforms, these are the four companies that can help you grow and boost your business by reaching out to your extended ...
Where Trump Stands Out: Small-Business Optimism  Barron'sThe Small Business Optimism Index looks a lot healthier than it did during the Obama era.
The iPhone Isn’t As Fast As You Think…And Other Small Business Tech News This Week  ForbesHere are five things in technology that happened this past week and how they affect your business. Did you miss them? 1— Want the phone with fastest internet ...
3 Startups Changing How Entrepreneurs Do Business And What We Can Learn From Them  ForbesRay Dalio called on investors to “find the next storehold of wealth”. These trends in business just may produce those results.
ScaleFactor Raised $100 Million In A Year As VCs Chase Small Business Focused Fintechs  ForbesScaleFactor, the operator of a digital accounting platform geared toward SMBs raised $60 million, bringing its total raised to $100 million in about a year.
'Use RBS dividend to compensate small companies mistreated by banks'  The TimesA £1 billion Royal Bank of Scotland dividend should be used to help to fund a compensation *service* for small companies mistreated by the banking industry, ...
BernCo’s murky time-off bill would doom small business  Albuquerque JournalThe Bernalillo County Commission is scheduled to vote on a paid-time-off ordinance that is substanti ...
Crack the Small Business PR Code with These 3 Pro Tips  Small Business TrendsPR and media coverage doesn't have to be limited to the big corporate brands out there. Try these 3 PR tips for small business to gain attention.
How Small Business Can Use Technology to Serve Their Customers Better  Business 2 CommunityWithout a doubt, the *service* component of your small business can greatly influence your overall success. That's obvious if you are a *service*-oriented company, ...
5 banks offering easy loans to small business entrepreneurs in India  YourStoryTo sustain operations and expand, small businesses require large amounts of capital. Here are some banks and their financial schemes for MSMEs.
Why remote workers are an underrated security risk for small businesses  TechRepublicDespite the risk, small businesses are largely unaware of security risks associated with remote employees, according to a Nationwide survey.
Concern about Trump's immigration policies impacting business fades on Main Street  CNBCImmigration is an issue that small business owners care about, but for the majority it is not because it affects their companies, according to the latest ...
SBA to adjust small business size standards  Beckley Register-HeraldThe U.S. Small Business Administration recently issued an interim final rule that will adjust monetary-based small business size standards for inflation to allow ...
Increase productivity with feng shui. You'll be amazed at the results.  Small Business TrendsFeng shui can help infuse your work space with balance, focus and productivity. Here are 7 tips to increase work productivity with feng shui.
New Canon small business printer now available in South Africa  IT News AfricaDrive Control Corporation (DCC) announced on Friday, 16 August 2019, that Canon's new G-Series range is immediately available in South Africa.
Small Business Invoicing Software Market Analysis, Growth by Top Companies, Tren  ITResearchBrief.comThe Small Business Invoicing Software Market report provides detailed competitive landscape of the global market. It includes company, market share analysis, ...
Instagram Removing Like Counts - How to Adjust Your Marketing Strategy  Small Business TrendsWith instagram removing like counts, Small Business Trends spoke to an expert to learn about the advertising implications for SMB's.
Signpost raised $52 million with this pitch deck for its sales service  Business InsiderSignpost has designed a *service* to help small and medium-sized businesses attract and retain customers. It just raised $52 million to expand it.
Add Panasonic’s Bluetooth Phone Set to your small business for $85 (26% off)  9to5ToysToday only, as part of its Gold Box Deals of the Day, Amazon offers the Panasonic Bluetooth Cordless Phone Set for $85 shipped. Having dropped from $115, ...
Adobe Launches New Products to Help Digitize Small Businesses  Small Business TrendsAdobe Sign for small business, helps digitize paper-based processes for anyone who wants to move on from pen, paper, printer and filing cabinets.
Big Brands Are Using Amazon’s Anticounterfeiting Measures to Crush Small Businesses  VICEAmazon sometimes requires small businesses to get permission from manufacturers to sell their products on Amazon Marketplace.
Small Business Administration Initiatives Support Veterans’ Entrepreneurial Success  The Epoch TimesCommentary. Every day, tens of thousands of U.S. troops risk their lives and sacrifice time with their families to protect our national security and keep us safe.
Check Out 21 Incredible Photos of Vintage Retail Stores  Small Business TrendsThese photos of vintage retail stores offer a glimpse back at some of the trends and features of retail stores from decades past.
How To Leverage Emerging Trends In Your Small Business  ForbesWhether you're in retail or the *service* industry, every small business depends on company leaders making the best possible decisions. We understand the risks ...
International Youth Day: 5 successful small businesses started by under-25 founders  YourStoryHere's how these successful small businesses were started by young entrepreneurs who are proving that age is no bar to success.
Market Online Like a Pro with These 10 Tips  Small Business TrendsWhether you run an ecommerce store or a local *service* business, you need to make sure that customers can find you online. There are a ton of tactics you can ...
Mastercard Announces Small Business Program Benefits with Salesforce  Small Business TrendsThe new partnership between Mastercard and Salesforce will further strengthen the Mastercard Small Business Program, which already includes many other ...
HSBC Gets the Cold Shoulder in China  Washington PostIt's hard not to see HSBC Holdings Plc's exclusion from China's interest-rate reform as a snub. Hong Kong's biggest bank wasn't included in a list of 18 lenders ...
Here's how many people claimed this new 20% small-business tax break  CNBCThe tax overhaul unveiled a new 20% tax deduction for small business owners in 2018 — and just over 1 in 10 filers so far have claimed it. The qualified ...
How to Run Your Small Business More Efficiently and Increase Productivity  AiThorityWe all have the same number of hours in a day, and yet some business owners seem to accomplish infinitely more than others do. How do they do it? Are they ...
Ecommerce Consulting Company Went from Podcast to Success  Small Business TrendsDreams Inspire Reality ecommerce consulting company has had some interesting twists and turns along the way to success. Here's the story.
The Right Way for Business Leaders to Apologize - Not!  Small Business TrendsToo many leaders give superficial apologies loaded with excuses and blame. There's a right way to apologize however, here's how not to apologize.
Is Your Small Business Losing Money? Find Out Why  Small Business TrendsMaintaining a lucrative bottom line is what all small business owners aim for. Is your business losing money? These might be the reasons why.
Time to celebrate the backbone of our economy: small businesses  The DrumIt will come as little surprise that small businesses are a cornerstone of the British industry. According to latest figures, small businesses accounted for 99.3% of ...
U.S. Rep. Madeleine Dean Joins Small Business Celebration in Upper Montgomery County, Pennsylvania  Business WireToday, U.S. Rep. Madeleine Dean (Pa.-4) was the special guest at a small business celebration in Upper Dublin Township at Track 3 Microbrewery & C.
'Absolutely unacceptable': Business fury over Google ad policy  The AgeBusinesses say they are being blocked from advertising on Google as the ombudsman says lack of transparency is a problem.
Pennsylvania Announces Meat-Processing Grants Supporting Small Businesses  MyChesCoHARRISBURG, PA – The Pennsylvania Department of Agriculture announced the opening of the second grant program made possible by Governor Tom Wolf's ...
Indian Entrepreneurs And Small Business Owners Are More Inclined Towards Building An Online Presence, Than Global Counterparts: Reports  BW BusinessworldThe survey looks at how small business owners and entrepreneurs are tackling external challenges impacting the growth of their business., , godaddy, survey, ...
How consumers and small businesses are reacting to recession fears  Yahoo FinanceStocks rise as bond yield edge up after a volatile week. April Schneider, Head of Consumer and Small Business Products at Bank of America, joins Zack ...
In the News: Small Business Cyber Security Concerns Persist  Small Business TrendsOnline security was a big topic in the past week. Of course, news broke mid-week about the big Capital One data breach. And we talked about how you can deal ...
What Happened At The Meeting Of The SEC's Small Business Capital Formation Committee? - Corporate/Commercial Law - United States  Mondaq News AlertsAt yesterday's meeting of the SEC's Small Business Capital Formation Committee, the Committee discussed three topics: the SEC's Harmonization Concept ...
Los Angeles Event Gives Small Businesses Finance Advice They Can Bank On  Small Business TrendsDigital technology has forever changed financial transactions; for the better. Both the consumer and *service* providers have greatly benefited from this evolution.
Four fintechs share £40m funding pot to boost small business finance  http://smallbusiness.co.ukIwoca, Atom Bank, Currencycloud and Modulr all pledge to address £10bn funding gap to help boost small business finance.
OPINION: 'Fake news!' Mark Gjonaj's rally to save small business - The Villager  The VillagerBY SHARON WOOLUMS | A rally to “save small businesses” was held June 26 outside City Hall. If any group deserved a rally to focus upon quickly finding a ...
Top Lead Generation Strategies And Tools For Small Business  ForbesGenerate leads and work to find consumers who may like your product.
South-east Asia's small businesses face talent crunch  The Business TimesTHE BUSINESS TIMES ASEAN Business - SMALL and local businesses in South-east Asia, and companies in traditional sectors, could lose out on talent in the ...
Morning Roundup: Small Business Owners Aren't Loving All The New Wawas  DCistPlus, a guide to D.C.'s best cheap eats, Bei Bei's time in D.C. is coming to an end, and more news.
Louisiana gets a B+ in small business friendliness  Greater Baton Rouge Business ReportWhen it comes to small-business friendliness, Louisiana gets a B+, which, according to Thumbtack, is in the middle of the national pack. Thumbtack, a tech ...
Sompo Global Risk Solutions Forms Small Business Team in US, Mexico  Insurance JournalSompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global.
Small business owners asked to take survey about needs, challenges  Huntington Herald DispatchCHARLESTON — What do small businesses need to succeed and grow in West Virginia? The state's small-business owners have an opportunity to answer that ...

FTC Franchise Rule if Enacted will Trigger Hardship for Private Sector

The FTC Franchise Rule maybe changed, as the Federal trade... Read More

Hosted PBX, Is It Right For You?

"Order Now!" "Your Business Will Fail If You Don't Have... Read More

Going Public: The Process for Small and Mid-size Companies to Go Public

It's the dream of every person who starts a business... Read More

11 Things Small Business Owners Can Learn From Rudy Giuliani

1. Leadership Is Learned ? While many people appear to... Read More

How To Ruin Your Business

If you're like the rest of us, you've spent a... Read More

Quality Controls for Franchising Companies Sample Outline

Quality control in franchising companies is paramount and all franchising... Read More

Small Business No How - Dont Give Away the Farm

You're pretty proud of yourself! After all, only four months... Read More

Low Cost or Highly Funded Start Up

Many new ventures are preoccupied with all the money they... Read More

Lubbock TX Good Market for a Service Business

We very much like what we see in Lubbock, TX... Read More

Who Makes the BEST Business Partner

How do you find the best business partners?Finding a good... Read More

Self-Employment: Managing Your Money: Tips for Living with a Fluctuating Cash Flow (Part One)

The way you manage your money is one of the... Read More

Self-Employment: Do you know the Difference between Rates and Wages

The difference between rates and wages is not always clear... Read More

In Home Daycare Businesses for Profit

To have one of the popular in home daycare businesses.... Read More

Blowing Your Own Horn ? A Key Marketing Strategy for Small Business

-- Building Credibility Through Success Stories --Successful solo entrepreneurs spend... Read More

Alliances: What works, what does not

Why Alliances FailWhen do you know an alliance is falling... Read More

How to Promote Yourself to Small Business Riches

You've heard it before; we're living in an information age.... Read More

Earn More Money in Your Small Business by Creating a PIG

If you really want to earn more money with your... Read More

Image is Everything - Secrets to Cleaning Car Fleets

A recent survey indicated that clean Taxi Cabs Fleets have... Read More

Environmental Boat Washing and Detailing

Some marine biologists feel that the concentration of dead marine... Read More

Equipment Maintenance Manual for Mobile Cleaning Business Outline

Service Cleaning Businesses must maintain their equipment in order to... Read More

Shopping For a Franchise

Shopping for a franchise is easy if you know what... Read More

A Day in the Life of a Self Employed Professional

It's Monday morning and Connie the Consultant sits in her... Read More

Racing the Competition

What is the Big Race all about when it comes... Read More

SBIR vs STTR

SBIR vs. STTR: If you are participating in the SBIR... Read More

Small Business Mistakes: Are You Making Enough of Them?

That's right ­ are you making enough mistakes in your... Read More