You are all ready to set up your business. You have the capital, the training, the expertise, the premises, a website, the staff and almost everything in place, but wait a minute; you do not have a business idea. So what do you do? Having an interesting and innovative business idea is critical to business…
For all of our entrepreneurial lives we have been told to dream big and think big if we ever want to be big: A word of caution – That kind of magical thinking can lead to big debt and even bigger failures. Big thinking, and even failing, in itself is not always bad, but our…
One hundred and fifty years ago, the fastest means of travel was a steam powered train locomotive and the quickest means a person could communicate over great distances was through a telegraph. Now, traveling across an ocean or continent is a matter of hours instead of days, and anyone can dial a number and instantly…
Selecting the best point-of-sale system for your business might seem to be a difficult and time-consuming task to accomplish but can become much easier than you think. The key is to approach it strategically and take the selection process one step at a time. Before you make your final decision, there are several points for…
The phrase, “Pull yourself up by your bootstraps” means to get yourself out of a pickle, without outside help. It is often used in a semi-negative way, in the sense that a person is too prideful to ask for anyone’s help. However, when it applies to business, bootstrapping is often seen as a way of…
You might be asking yourself, what is a POS system? A point of sale system basically handles your sales transaction. Because it is what brings in revenue to your business, it is a very important aspect of your venture. You want to put in the time researching and comparing the different systems available in the…
Many small business startups begin as sole proprietorships or partnerships. The low cost and convenience of these legal structures helps you get started quickly. However, it is important to review how a business is structured as your company grows. Your staffing, taxes and liability often change over time. As your business expands, incorporation may be…