Starting your own business is a great achievement, but it can also be a solitary one. As the “Chief Everything Officer,” everything rests on your shoulders—sales, marketing, business admin, information technology, taxes, accounting and keeping pace with business laws and regulations. Whether you are a solopreneur or in a business partnership, there are some things you are going to need to outsource as soon as you can afford to. Here are four things you should consider outsourcing to an expert.
While we entrepreneurs feel that we have the ability to conquer just about anything, attempting too much change at once can often set us up for failure. Though we can learn from failure, let’s take a more reasonable approach and start with finding a bit more work/life balance from the get go. There are 3 easy tactics you can implement and you’ll immediately start realizing the benefits of being able to better balance your life and work.
When a company unveils a service or product, they want the public to be equally as excited as they are, but forcing excitement with words alone won’t do the trick. The product has to live up to the hype. Following are some of those excitable words that will elicit one guaranteed reaction from readers—an eye-roll. Leave these words out of your next press release:
A recent Gallup poll on the honesty and ethical conduct of business professionals found that insurance salespeople and car salespeople ranked at the bottom of the list. Bill Brooks of the Brooks Group estimates that more than 85 percent of customers have a negative view of all salespeople.But it doesn’t have to be that way: You can prove the masses wrong, and learn to develop the skills that will have people thinking differently about the selling process.
These days it seems like every business has a blog. However, just because everyone has a blog doesn’t mean everyone is doing it right. Whether you’re just launching a blog for your business, or you’ve been blogging for awhile, it’s easy to fall into some blogging bad habits. Here are some lessons learned along the way, including the mistakes.
Our local SCORE chapter here in Southwest Florida recognized that there was a lot of confusion between the commercial borrower and the banks. We formed a bank loan committee in our chapter and sent each committee member to a bank to have them show us their requirements for obtaining a commercial bank loan. The banks’ responses were overwhelmingly positive and that started close relationships that continue today. In this post, I’ll share with you what we have learned and tips you can use to secure a loan for your small business.
Getting a small business loan from a bank can be difficult and time consuming. Each bank has its own criteria for loan approvals and can change its criteria depending on both internal and external events. The best chance you have for getting approved is to present the bank with the information they need, how they need it, and in a professional and concise but complete manner. To that end, here are the major criteria used by most banks in approving loans.
It might seem like you have to come up with a game-changing concept like Facebook or the iPod to have a successful startup, but the reality is far different. A recent Nielsen study found that new products, far from having an advantage in the marketplace, are often at a disadvantage. If you’ve got a world-changing idea, don’t give up—just make sure your product launch is supported by plenty of sales outlets where customers can “stumble across” your product, strong marketing and advertising support to make them aware of it, and social media and PR efforts to spread the word.
There are two broad categories of funding you can use to start up your company. These categories are not distinguished by who you’re borrowing from but by the requirements, limitations and types of returns that regulate the type of investment. It boils down to what you’re giving away to receive the money.