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5 Financial Steps To Take When Starting A Business
Thu, 29 Nov 2018 10:00:00 -0500 - By  Kevin Simpson Starting a business can be one of the most satisfying experiences of your life, if you are able to handle the challenges that come your way. Becoming an entrepreneur is a key goal for many people, but staying in business takes effort. According to the Small Business Administration, roughly  30%
Five year-end steps to take while closing out this year
Tue, 27 Nov 2018 13:52:42 -0500 - Do you have the discipline to set up your business for a clean and fast start on January 1? While you're pushing 2018 over the goal line, here are five steps you can take for a great beginning in the new
5 Things Retailers Need to Consider Heading Into the 2018 Holiday Shopping Season
Fri, 16 Nov 2018 11:06:56 -0500 - Shutterstock photo For most retailers, the 2018 holiday shopping season will present their biggest opportunity of the year to engage with customers. It will also represent the bulk of their annual sales.  As a result, this time of year is crucial for retailers to achieve success. With that in mind, current
What if your customers went away for a month - or more?
Fri, 09 Nov 2018 15:03:18 -0500 - The storm surge is the most devastating element of a hurricane. Everybody knows that. But that maxim was compromised when Hurricane Harvey's surge onto the Houston area lowlands became just an opening act. For days, Harvey hovered over almost a dozen counties in the region, causing decisions by local watershed
3 Reasons Why Loyalty Is More Important Than Ever
Mon, 05 Nov 2018 14:36:10 -0500 - Loyalty isn’t about points or miles or discounts. It means more than collecting an email address in exchange for a discount. Today, loyalty is about the journey and the relationships that brands create with their customers. That’s why loyalty programs take on added importance in the Age of the Customer. Because
Small Businesses Need Their Bankers More Than They Realize
Mon, 22 Oct 2018 15:52:04 -0400 - It’s easy to see why entrepreneurs are bonding with alternative lenders. What’s not so easy to see is why they’re leaving bankers out of the loop. However, with renewed trust in each other, both institutions are finding mutual benefits. What’s more — the B and B called “Business and Bankers” is finding a renewed
This Is How To Turn Your Hobby Into A Thriving Business
Fri, 12 Oct 2018 12:29:49 -0400 - According to Gallup,  half of employees  are ready to leave their jobs. Some of these individuals might even go on to start their own businesses. While statistics indicate that  half of those startup attempts  will be unsuccessful, right now the small business optimism index is at its  highest level  since its
The First 3 Years of Self-Financing Your Business
Mon, 01 Oct 2018 12:47:45 -0400 - By  Judy McNary, CFP When running a business, the first three years set you up for future success. Therefore, if you are self-financing, or bootstrapping, it's important to prepare yourself for financial success during these first three years. Those who opt to self-finance a new enterprise may do so for a
How The 80/20 Rule Applies to Premium Loyalty
Thu, 27 Sep 2018 10:28:13 -0400 - We all know about the 80/20 rule—80 percent of a brand’s sales come from 20 percent of its customers. These 20 percent are a brand’s best and most valuable customers, and they are the ones who will appreciate a better experience than the other 80 percent of customers. But what does that have to do with premium
4 Tips To Keep Personal And Business Finances Separate
Wed, 26 Sep 2018 10:37:10 -0400 - Shutterstock photo If you haven’t separated your business finances from your  personal finances  yet, you’ll want to move that up to the top of your list. Keeping personal and business finances separate can help you stay organized and provide plenty of peace of mind especially around tax time. If you’ve
5 Entrepreneur Mistakes You Might Not Realize You're Making
Mon, 24 Sep 2018 09:48:06 -0400 - We all make mistakes. The key is recognizing those mistakes and  taking steps to learn from them  — before it’s too late. But are you making entrepreneur mistakes you’re not even aware of? You might be. Before these mistakes sink your business, take a step back and see if you’re falling into any of these traps: 1.
4 Pieces Of Financial Advice Every Budding Entrepreneur Needs To Hear
Fri, 31 Aug 2018 10:01:00 -0400 - Promising businesses go under all the time. Unmotivated teams and stiff competition can drive startups to close shop, but  research from CBInsights  found that cash flow problems knock out 29 percent of  failed small businesses . Without money to keep the lights on and employees paid, even a business with a great
Financial Advisors: A Unique Approach Is Essential When Advising Entrepreneurs
Mon, 27 Aug 2018 10:38:11 -0400 - Getting to know a client in advance is a sound business approach; getting to know an entrepreneur client in advance is essential. From the first meeting, be relatable and accessible. They want you to advise them, so, take an interest in their professional and personal life. Entrepreneurs can’t be put in a box –
Are you prepared for the inevitable business disruption?
Mon, 13 Aug 2018 09:57:51 -0400 - This week marks an ignominious anniversary. On August 13, 2003, a single outage in the electric grid cascaded across eight northeastern states, putting 55 million people in the dark for days, and thousands of businesses out of business. The Great Blackout of ’03 was a catastrophic reminder that we’re all one nosy
Why You Should Focus On Your Strength As A Business Owner
Wed, 08 Aug 2018 09:42:06 -0400 - We hear a lot about taking our weaknesses and working on them until we become strong in those areas. Unfortunately, trying to turn weaknesses into strengths might not be the best or most efficient use of your time as a business owner. Recently, I came across a philosophy that recommends that you  focus on your

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