HOW TO PLAN A SUCCESSFUL BUSINESS MEETING Meetings, while disliked by many, are an essential part of myriad business operations. They are often the best venue for communications to take place, for issues to be discussed, for priorities to be set, and for decisions to be made in various realms […]
Business
WHY BUSINESS LOCATION IS ESSENTIAL FOR SUCCESS For many businesses, business location is an essential component in its eventual success or failure. Site selection can be pivotal in all sorts of businesses, including retail, service, wholesale, and manufacturing efforts. Poor location is one of the primary causes of business failure. […]
REASONS JOINT VENTURES FAIL A joint venture is a business enterprise undertaken by two or more persons or organizations to share the expense and (hopefully) profit of a particular business project. Joint ventures are not business organizations in the sense of proprietorships, partnerships or corporations. They are agreements between parties […]
WHY BALANCE SHEET IS A VALUABLE TOOL FOR SMALL BUSINESS A balance sheet is a financial report that provides a summary of a business’s position at a given point in time, including its assets (economic resources), its liabilities (financial debts or obligations), and its total or net worth. A balance […]
ENTREPRENEURIAL COUPLES: THE GOOD, THE BAD Many small business enterprises are co-owned and co-managed by entrepreneurs who are also partners in their personal lives. These partnerships, which commonly take the form of husband/wife teams, can be immensely positive experiences, strengthening each other’s commitment to and enjoyment of both the business […]
WHY ENTREPRENEURS AND SMALL BUSINESS OWNERS MUST DEVELOP COMFORTABLE RELATIONSHIP WITH A BANK Small business is the fastest-growing business of the world economy. As a result, more and more commercial banks are creating special products and programs designed to attract small business customers. It is vitally important for entrepreneurs and […]
WHEN EQUITY BECOMES NECESSARY FOR BUSINESS GROWTH Equity financing is a business strategy for obtaining capital that involves selling a partial interest in the company to investors. The equity, or ownership position, that investors receive in exchange for their funds usually takes the form of stock in the company. In […]
WHEN INSUFFICIENT DUE DILIGENCE PROCESS CAN HAVE PROFOUND CONSEQUENCES FOR A FIRM Due diligence is a program of critical analysis that companies undertake prior to making business decisions in such areas as corporate merger/acquisitions or major product purchase/sales. The due diligence process, whether outsourced or executed in-house, is in essence […]
WHEN DIVERSIFICATION BECOMES THE BUSINESS OPTION Diversification is the process of entering new business markets with new products. Such efforts may be undertaken either through acquisitions or through extension of the company’s existing capabilities and resources. The diversification process is an essential component in the long range growth and success […]
HOW TO SECURE DEALERSHIP AND DISTRIBUTORSHIP Distributorship and dealership are in essence a license to distribute a product. Both dealers and distributors work with a manufacturer to get its goods to the buyer. Both dealers and distributors have a continuing relationship with the licensor of the product, but do not […]
