BENEFITS OF SMALL BUSINESS CONSORTIA Business consortia are alliances of individual business enterprises. These firms are often in the same broad field or industry, though they are rarely in direct competition with one another. Instead, members usually offer products or services that are complementary to those available through other consortium...
Year: 2023
WHY BUSINESS OWNERS MUST KEEP TO ZONING ORDINANCES Zoning ordinances are laws that govern activities in townships and other municipalities. Most cities and towns are composed of regions that are zoned for residential, commercial, or industrial development, and often these zones are subdivided by additional use restrictions (type or business...
HOW TO CREATE EFFECTIVE PROGRAMS TO IDENTIFY PROSPECTIVE CUSTOMERS (PART 3) The greater the demand is for your company’s products, the less effort your company will need to make to find new customers. But if your company has just started to do business, or if its products are new or...
HOW TO CREATE EFFECTIVE PROGRAMS TO IDENTIFY PROSPECTIVE CUSTOMERS (PART 2) The greater the demand is for your company’s products, the less effort your company will need to make to find new customers. But if your company has just started to do business, or if its products are new or...
HOW TO CREATE EFFECTIVE PROGRAMS TO IDENTIFY PROSPECTIVE CUSTOMERS (PART 1) The greater the demand is for your company’s products, the less effort your company will need to make to find new customers. But if your company has just started to do business, or if its products are new or...
STEPS IN THE RISK MANAGEMENT PROCESS FOR SMALL BUSINESSES Risk management involves identifying, analyzing, and taking steps to reduce or eliminate the exposures to loss faced by an organization or individual. The practice of risk management utilizes many tools and techniques, including insurance, to manage a wide variety of risks....
HOW SMALL BUSINESS TENANTS CAN BENEFIT FROM RENOVATION Renovation describes a series of planned changes and updates made to a facility where business is conducted. Office and building renovation is a common undertaking in today’s competitive business environment, as businesses endeavor to keep up with infrastructure needs (especially those sparked...
THE ALTERNATIVE OFFICING TREND Hoteling is a form of “alternative officing” which allows employees who travel on business or work flexible hours to reserve desk space at the employer’s offices as needed, rather than maintaining a permanent work space there. This allows the employer to make more efficient use of...
HOW LEVERAGED BUYOUTS CAN ENHANCE MANAGEMENT COMMITMENT IN SMALL BUSINESSES The term leveraged buyout (LBO) describes an acquisition or purchase of a company financed through substantial use of borrowed funds or debts. In fact, in a typical LBO, up to 90 percent of the purchase price may be funded with...
SETTING UP A TEAM: SETTING GOALS What is your team for? The question may sound obvious, but time spent at the beginning of a project in defining team objectives is crucial to a successful outcome. Make sure that you have clearly established the issues that the team needs to resolve....
