Ready to launch your own business in 2015? You’re not alone: Each year at CorpNet we see an uptick of new businesses formed in January. The New Year marks a new beginning, and what can be more fulfilling and exciting than making things happen with your own business?
As a serial entrepreneur myself, I wouldn’t trade the opportunities and exhilaration for anything in the world, but I also realize that launching and running a business isn’t for everyone. While you can’t prepare yourself for every aspect of the entrepreneurial lifestyle, here are six important questions to ask before you quit your day job and dive in:
1. What’s your motivation?
People are drawn to start their own business for a variety of business. Some hate having a boss, are tired of the morning commute, and feel they can do it better on their own. Others want to see the startup riches: get sold to Google, get tons of cash and retire early.
President Obama is set to send his 2016 budget proposal to the newly Republican-led Congress as early as Monday, and news of what’s in it has already begun to emerge–namely, plans for spending increases.
While small businesses could expect a slight economic boost from more government spending, experts say, the budget debate is likely to be weighed down by intense partisan rancor that may offset any potential gain. Among other events, there’s a threat of more skirmishes over the debt ceiling and another government shutdown.
Technology and software are among the most important investments a company can make nowadays, especially when it comes to security. The growing demand for IT services and security solutions prove that business owners know the threats that are out there, and want to do something to guard themselves against increasingly cunning cybercriminals.
You might have purchased a well-rounded security solution with all the recommended features a business might need, but was the investment really worth it? A forthcoming report from security solutions provider Trustwave found that organizations of all sizes are wasting their security dollars, and none more so than small businesses.
Help keep your sales flowing by marketing to the right customers in the
NOVEMBER 12, 2014 One of the biggest concerns of running a small business is finding new prospects to keep your sales pipelines full. You can panic if you have no systematic plan on how to identify who your perfect customer is, where to find them and how to nurture them to a sale.
So how can you identify, target and nurture your new prospects until they become your ideal customers?
Creating an efficient PR and marketing plan is a cornerstone to building up your organization’s success. Marketing and PR, unfortunately, sometimes can be costly, particularly if you’re running a lean operation and just starting out. Thankfully, there will include a few affordable PR and marketing tips and tricks which may offer your small business a cost-effective way to successfully increase sales and grow your consumer base.
You may have an excellent service or product, yet if nobody has knowledge of it, generating sales might be difficult. Effective public relations and marketing include proactive methods for you to spread the message to your market and attract potential customers and clients.
Marketing is about discovering methods of reaching your targeted audience–these potential customers and clients who possess an interest in and possible necessity for what you are selling. Public relations includes obtaining positive press and publicity in regard to your business concerning its most recent services, brands, and innovations.
From Old English tidan (happen), from tid (time).
Betide is often shortened to tide or tidings. Such as when Luis Van Pelt declared in a Charlie Brown Christmas: “Fear not: for, behold, I bring you good tidings of great joy!”
TIP OF THE WEEK
Good tidings for the restaurant industry.
Driven by stronger sales and traffic and a more optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) posted a solid gain in October. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 102.8 in October, up 1.8 percent from its September level. In addition, the RPI stood above 100 for the 20th consecutive month, which signifies expansion in the index of key industry indicators.
According to the SBA, restaurants obtain more SBA 7(a) loans that any other business type.
If you would like a copy of the National Restaurant Association’s Restaurant Performance Index for October let me know.
Growth is a very important part of any business. In order to keep the business going and reach all the goals that the business is capable of, business owners need to supply the tools that their business needs to grow and succeed. Necessary growth for businesses can range from adding on more staff to the payroll or buying a new piece of equipment to make their production process go faster. No matter what is needed for the growth that the business needs, it is never an inexpensive investment.
This dilemma causes an all too common issue for many businesses, especially for small businesses. The business owners need to invest in something in order to grow and keep their business going, but they cannot afford to make the investments that they need with the business’s current revenue. This is a problem that seems impossible to overcome, but with a little assistance and the right planning, any business can overcome this obstacle and grow enough to achieve all the goals that the business owner has set for it. Here are some ways that small businesses can afford to grow and how any business owner can make it happen for their business.