WHEN CONSIDERING A BUSINESS PARTNERSHIP, DETERMINE YOUR ASSETS THAT WILL BE AT RISK Partnership is an association of two or more persons to carry on as coworkers of a business for profit. The essential characteristics of this business form, then, are the collaboration of two or more owners, the conduct […]
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HOW WHOLESALING BENEFITS YOUR BUSINESS [contact-form][contact-field label=”Name” type=”name” required=”true” /][contact-field label=”Email” type=”email” required=”true” /][contact-field label=”Website” type=”url” /][contact-field label=”Message” type=”textarea” /][/contact-form] Wholesaling is the selling of merchandise to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesalers, who are sometimes referred to as middle […]
HOW NETWORKING CAN HELP IN GROWING A SMALL BUSINESS Networking is the process of intentionally meeting people, making contacts, and making relationships in the hopes of gaining access to such business related benefits as career advice, job leads, business referrals, useful information and ideas, and emotional support. For example, a […]
HOW MEZZANINE FINANCING WORKS Mezzanine financing, also sometimes referred to as subordinated debt financing, is a rarely used but viable financing option for businesses in search of capital for rapid growth. Under this arrangement, the entrepreneur borrows some of the money that he or she requires to execute the next […]
HOW TO SELECT MANUFACTURERS’ AGENTS Manufacturers’ agents or representatives are independent contractors who work on a commission to sell products for more than one manufacturer. They are not under the immediate supervision of the manufacturers, (typically called principals), that they sell for, so their relationship in generally falls into client/customer […]
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 […]
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 […]
