Starting a small business? These tips and tools can help you get ready to launch.
No business knows exactly what the future holds. But budgeting and cash flow forecasting can reduce your level of uncertainty—helping you anticipate problems, learn from the past and improve your ability to control your business. Cash flow forecasts and budgets…
Once you know how much funding you need to start your business, it’s time to decide how you’ll raise capital. Choosing the right source depends on: How you intend to use the money How much you need Your alternatives How…
Here’s the most important thing to remember about your business records: Document everything. From keeping receipts to processing employee payroll, you need to document all of it. And here are two big reasons: The Internal Revenue Service needs this information.…
The prices you charge for your products or services can dramatically impact your sales and profits. Your pricing strategy also determines how customers view and respond to your offerings. That’s why it’s important to consider your pricing options to ensure…
Competitors come in all shapes and sizes. It’s important to identify the most potent threats and compare their strengths and weaknesses with your business. This isn’t always as obvious as it sounds. But a competitor analysis can correct assumptions about…
Staying on the right side of the Internal Revenue Service isn’t just about paying your taxes. It’s a legal requirement that you keep certain business records. Good recordkeeping also helps you monitor the progress of your business to ensure you’re…
As a business, it’s helpful to stand out, so customers notice you and pick you over your immediate competition. One way to do this is by ensuring potential customers understand your unique selling proposition, or USP. In other words: What…
One of the most important decisions you’ll make for your business is choosing your business name. A good name can create the perception of integrity and professionalism. And it can be your business’ biggest asset. Wondering how to choose a…
Your first customers are often the hardest to get. Potential customers might use a competitor and need to be convinced to switch. Or, they know you’re a new business and don’t want to be the first customer. Authenticity is crucial…
Whether you’re starting your business or trying to grow an existing one, you’ll need to weigh the cost to enter a new market with the potential returns. Your easiest growth potential is to take a successful business model you’ve developed…
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