“It’s really hard for a small company to compete with a company that has 5,000 employees,” said Brian Reeder, communications director for the ASBL. “When bigger companies are actually receiving the contracts, there’s nothing left for small businesses.”
You must have a strategy. An entrepreneur’s dreams for a successful business venture require strategic planning to turn them into reality. If you don’t have a strategic plan, create one before you make another mission-critical decision.
In the world of online advertising, small businesses have increasingly begun turning away from paid search in favor of social media and other forms of promotion. And that’s too bad, because a well-designed PPC campaign can produce significant traffic for your website.
Similar cash mobs have materialized in more than 20 cities, most arranged by individuals who establish followings on Facebook and Twitter. The cash-mob organizers don’t get any benefit in return.
Can you really make Facebook, Twitter, and Groupon, among others, work for your small business.
The SBA’s program works through banks, which approve the loans. The SBA guarantees a portion of the loans against default, making them less risky than conventional bank loans.
President Barack Obama said small businesses are “the places where most new jobs begin” and they will most likely be at the forefront of new hiring as the economy recovers.
Economic downturns tend to be polarizers. Businesses will have to make some adjustments, even sacrifices, but leaders who know how to capitalize on the opportunities that arise are likely to come out even stronger than they went in.
Don’t worry; “mass” business models aren’t going away anytime soon. But they won’t grow like niches. And that’s good news for small business and the future of 21st century entrepreneurship.
Effects are still being painfully felt by owners of middle-market companies.
Small businesses face what could be a permanent legacy of the recession: Their vendors are demanding faster payment even as their customers take longer to pay. “We were getting squeezed from both sides.”
Business isn’t just about how much money you spend, but how big our ideas are. You can throw money at problems, but small businesses can’t afford to do that.
If you’re thinking about starting your own business, or even if you’re already knee-deep in entrepreneurship, I want to share a cautionary tale (or two) with you.
The top 10 small business forums that every small business owner should be participating in.
Job growth remains modest compared with prerecession years, and many entrepreneurs say they plan to hold back for some time to come.
How did a $10 million business grow to more than $300 million today.
Ms. Prager, citing the Fed’s Senior Loan Officer Opinion Survey, said weak demand from businesses and banks’ still-stingy credit rules made lending tight.
With a little planning, you can improve your chances of getting a loan and reduce your borrowing costs.
Many small businesses are not taking advantage of cheap (or even completely free) online tools, according to Citibank’s small business survey.