Budgets are essential in life, although not everyone puts the concept into practice. Whether we are talking about personal finances or corporate finances, the principle is the same. More so, small businesses are not exempt from budgets. Perhaps, it is even more important for small businesses. After all, small businesses may not be able to afford to hire the services of an external firm or entity to do financial work – from budgeting to accounting.
Then again, the principle of budgeting is quite simple at ...
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For a small business owner, the delineation between work hours and personal hours is sometimes blurry. This is quite understandable as the brunt of the responsibility rests on the shoulders of the small business owner. After all, it’s his career – and livelihood – that’s on the line.
Small business owners, picture this scenario: it’s a Friday afternoon and you’re all ready to unwind. Suddenly, a client calls you up wanting this and that. Or maybe, an “urgent” e-mail comes in. The office is ...
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Early last year, my company made the announcement that everyone would be using Open Office instead of Microsoft Office. The announcement was made suddenly and the implementation came soon after. The people didn’t have time to digest the news, and before they knew it, they were using software that seemed alien to them. It’s been a year since the announcement was made, and many of the employees still continue to gripe about having to switch to open source.
I believe that the transition to open source software ...
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Social media is here to stay – at least that’s how it looks for now. As a business owner, you probably realize that you have to be able to adapt to change very quickly. Otherwise, you’d be left behind by your competitors. You may not be that comfortable with the idea of using social media for your business but give it a try and you’ll see just how beneficial it can be. How do you get it right?
Think about social media as a way to ...
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One thing about running your own business is that you have to take responsibility for everyone and everything. The buck stops with you, so to speak. And that includes making sure that the people under you are happy and content with their situation.
You may only have a handful of employees in your small business but that does not discount the fact that you still have to ensure that they are being taken cared of. This is especially important for those employees who are performing excellently ...
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Business school does not come cheap. How can you possibly make use of it when you may already be experiencing cash flow problems? And what use is it to you if you’ve already spent years in business school prior to starting your business up? Here are some ways you can utilize business schools to the advantage of everyone.
Get interns!
You may find yourself short on manpower during peak season. Instead of hiring temps, why don’t you find a business school that requires their students to spend ...
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Social networks thrived last year. From a handful of people using LinkedIn, Facebook, Twitter, etc. that I used to know, my contacts have grown exponentially! I am sure that a lot of you have had the same experience in the past year.
Here’s something to think about, though. How exactly do you use your social networks? Do you interact with people on these networks merely for personal purposes or do you have other agenda?
Experts in this regard say:
mix it up! One ...
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Advertising is an important part of any business – big or small. Whatever way you look at it, it is important to get the word out about your business. We do know though, that advertising is expensive, especially for small businesses. Still, even if it’s expensive, it doesn’t mean that you cannot get some results. Here is some advice to help you get the word out without spending way more than you have to.
Know what you want to achieve. Make your goals measurable. We ...
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He’s definitely NOT the most popular person these days, but that always happens after someone gets elected to a prominent post, doesn’t it? One thing you will probably agree with: his Barack Obama’s campaign was a successful one. This was due to many different factors, one of which is the role which was played by David Plouffe, the campaign manager.
Riding on the success of the phrase “the audacity…” Plouffe bestowed the title “The Audacity to Win” to his business book. This book has been receiving a lot ...
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LinkedIn has been around for a bit now, but it is fast becoming one of the more popular social networking sites around. This is especially true for those who place high priority on professional branding. Contrary to what I have been hearing from some people, LinkedIn is not solely for personal purposes only. As a matter of fact, businesses can also used LinkedIn for promotional activities.
So how can you use LinkedIn for your business? The first thing that you should do is to
reserve your business ...
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