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Starting up a new small business is always a risk, no matter where you do it and what product or service you offer. However, that doesn’t stop thousands of brave entrepreneurs from doing exactly this every month. In fact, figures from the US Bureau of Labor Statistics suggest that 400,000 new businesses start up each…

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While every entrepreneur’s aim is to create a company that grows steadily over time, it is all too easy to become a victim of your own success. If the expansion occurs too quickly, you may find yourself struggling in several ways. These pitfalls can take your business down before you know it unless you make…

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Business Success Will Only Come When You Start To Work On Your Business Rather Than In Your Business Ask yourself – what would happen to your business if you took a 12 month holiday? I think this is the real test of whether you are a true leader in your business or just an employee…

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Why Is Customer Lifetime Value Important To Your Small Business? One of the key numbers you need to understand when developing a sales and marketing plan for your small business is the lifetime value of your customers. This is the number that the most successful business owners track to laser target their marketing strategies as…

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With the globalisation of the business world, it is now easier than ever to find staff to perform virtual roles within your small business to help improve your productivity and free up time spent on day to day tasks to better focus on the strategic direction of your business. Virtual assistants can be used to…

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Every entrepreneur wants their startup to develop into a big enterprise. Easier said than done, unless they have good connections with the business fraternity! Networking and recommendations are keys to success in today’s highly competitive business world. Bagging a federal contract is certainly the best option for small businesses to establish their presence and to…

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Albert Einstein once said that “In the middle of difficulty, lies opportunity”. These words are incredibly relevant when it comes to looking for ways to grow and develop your small business. As an entrepreneur you face challenges on a daily basis – the real trick is whether you can turn each challenge into an opportunity…

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How To Fire An Employee Properly As a small business entrepreneur, you will inevitably have to deal with the task of letting an employee go. This not only impacts your plan to improve your business, but ultimately impacts the staff member as well. The majority of workers that are laid off will feel shocked and…

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