A business plan template: the best way to start a business

A business plan template: the best way to start a business

An inevitable truth that every businessman faces when trying to find a successful marketing strategy for small business is that starting a business is a hard work. If you try to find ways to get your business, without doing anything, well, you should forget about your pipe dream. Your first step is using a business plan template. A business plan template ...

How to set your goals with an effective business plan

How to set your goals with an effective business plan

When entrepreneurs try to implement their unique ideas, most of them eventually fail. There are a number of reasons for the failure of small businesses, but poor planning is probably the most frequent. Would you cook a delicacy with no idea what ingredients you need? Starting a business without proper planning is like cooking without a recipe. A good business ...

A guide on choosing an online business opportunity

A guide on choosing an online business opportunity

With the emerging trend of online business, more and more entrepreneurs continue to seek profitable business opportunities. Choosing a suitable business opportunity online, however, can be a time-consuming task because a lot of new online businessmen often fall prey to online scammers. These swindlers promise huge income figures, and often produce false or outdated data. The key to making the ...

Why is liability insurance essential for your business?

Why is liability insurance essential for your business?

When you're an entrepreneur, you will need to get liability insurance to protect your business assets and personal assets, in the case of a trial. Of course, all companies like to hope they are never sued by a customer or employee, but the risks are higher, the more successful you become. There is the added responsibility that can occur when ...

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As entrepreneurs, we all follow our own path. For some, the rise to financial success is a long, slow, painful process. For others, things just seem to magically fall into place. I believe that the latter isn’t a result of magic, however, but is the sure sign of an entrepreneur who understands the importance of learning from, adapting to and growing with their business.

The following are 10 lessons every entrepreneur must learn in order to build a long-term, healthy and sustainable business.

1. Th

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Here’s an interesting number: 248,000. That’s how many manufacturing jobs that were open in February of this year according to the Bureau of Labor Statistics. That’s about 5 times the current headcount at Google. 

Here’s another interesting number: 2029. That’s the year the last of the Baby Boomers turn 65. One of the largest generational cohorts in modern history will be history. Who will replace them in the workplace? More particularly, who will take their place in manufacturing?

Generation X is already satisfied in their cubicles, halfway through their own careers. Some of them went into manufacturing but not enough to make up for the coming shortfall. Besides, by 2029 the last of that cohort will be nearly 50. Now is the

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A new foundation headed by community and political leaders has raised $3.5 million for Nathan Benderson Park and hopes to raise at least $11 million in private donations for the emerging international rowing venue over the next 12 months.

The Nathan Benderson Park Foundation, headed by Randy Benderson of the Manatee County-based real estate firm, aims to be the fundraising arm that will draw the private financial support needed to complete the rowing facility’s major structures. The nonprofit organization, which is separate from the Suncoast Aquatic Nature Center Associates another nonprofit that is responsible for the park operations will continue to raise donations to help build towers at the start and finish lines, a boathouse and several other buildings at the park.

When the Sarasota Scullers Rowing Club came to us with an idea for the rowing park, we never thought this would become what it is now one of the top facilities in the world, Benderson said.

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You do much of your business on the go. Maybe you’re a vendor at the local farmer’s market, or a musician who sells CDs after a show. Maybe you’re a taxi driver or a house cleaner and want to speed up transactions and give customers more ways to pay.

Whatever industry you’re in, mobile payments offer plenty of perks to help you boost your business. They increase sales, since you’re no longer limited to cash or checks. They streamline transactions, which is important if you’re trying to sell CDs to a mob of rabid fans. They also help you reach new customers, customers who don’t carry cash. In fact, 9% of people don’t carry cash on them at all, and 40% carry $20 or less. That leaves a l

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Happy employees generally mean more productivity and success for your business. But how can you keep your employees happy and engaged? Vend recently posted a blog with their recommendations on how to drive employee morale and performance. Those recommendations include:

1. Regularly recognize people for a job well done.

2. Encourage peer-to-peer recognition.

3. Pay and train your employees well.

4. Empower your employees with better tools.

5. Hire A-players.

To read the full article, click here.

Megan Schultz arrived at the Twin Cities Premium Outlet store shortly before it opened this morning and found 150 people standing in front of the Coach store, the maker of leather accessories, that was her top destination.

Once inside, she bought two purses and a wallet, used a half-price coupon and spent $250. She estimates she saved $300. “It’s five minutes from my house,” she said. “I will be back a lot.”

An hour after the 100-store mall opened, parking was hard to find but the roads and highways around it were flowing freely. Hundreds of people remained lined up outside some stores, like Coach, which limit the number of people they allow in at once.

The mall, at the intersection of highways 77 and 13, is now the closest outlet mall to the Twin Cities core, about 16 miles from downtown Minneapolis. It is jus

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NEW YORK — Just one month after Mother Nature defeated Jeff Bezos in a battle for the .amazon domain name, a new conflict is fermenting in these Internet suffixes. This time around, the hotly contested properties are .vin and .wine, and the broad-based attack is being led by a very rankled France.

Winemakers in Europe, Australia and California are protesting a decision by the Internet Corporation for Assigned Names and Numbers (ICANN) to move forward with the introduction of .vin and .wine as so-called top-level domains — the familiar appendixes to Web addresses like .com and .edu. The problem, as fine winemakers see it, is that opening up access to .wine and .vin will make it easier for unethical wine sellers to deceive customers about the origin and quality of their goods.

Geography is a big deal when it comes to winemaking and the European Union has strict rules that govern the use of “geographical indications” in marketing and labeling. The

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When times get tough, money gets tight. And when money is more difficult and expensive to borrow, it’s especially important for small businesses to take steps to ensure that their cash flows keep flowing. Here are five ways to protect your cash flow and help your small business ride out the storm.

1) Keep your weather eye open.

One of the key factors in weathering any storm is knowing that it’s coming and what direction it’s moving. Keep an eye on the leading indicators for your business and be aware of changing economic conditions. Prepare cash flow projections for the next year. This will help you to see what changes need to be made and when. If such-and-such happened and your predicted cash flow dropped x%, what could you do?

2) Review your credit policies and the credit histories of customers and/or clients.

Managing your customers’ credit is an important part of cash flow management.

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Tags: Cash Flow , Flow