We came across this interesting infographic around the history of the Small Business Administration (SBA). Remarkably, the SBA has been helping kick start millions (over 20 million to be more specific) small businesses over the past 60 years. Here are some more interesting facts about the Small Business Administration you may be interested in.
While discussing the SBA, we’d be interested to hear your experiences with this group. Have you reached out to them to help get your micro business up and running?
This guest post is part of our ongoing Small Business Experts series, and is written by Shakira Brown, co-founder of Best Business Mastery in New Jersey.
It was the tweet heard around the nation. Movie Director Kevin Smith tweeted that he had been booted off a Southwest Airlines flight. He was mad because flight personnel said he was too fat to fly. He tweeted during the ordeal and posted pictures of himself. It happened faster than any news crew could have reacted without being on the flight poised for the story. Twitter is a PR liability to be reckoned with. Read more…
It’s something that every small business should stop and ask themselves, at least every once in a while: How much is my business worth? Most small businesses probably don’t even have a solid grasp, or a truly accurate assessment. While you can always hire an outside consultant to take a look at your assets and determine what your business might get on the “open market” the truth is you can get a good idea of what you’re worth by following some simple steps. Read more…
This guest post is part of our ongoing Small Business Perspective series, and is written by Katharine Napoli, owner of Computerized Office Services in New Jersey.
My company provides billing and bookkeeping services to healthcare providers and small businesses. One of the greatest challenges I face is cash flow. Invoices go out to customers on a regular basis but somehow the payments don’t come in on a regular basis. Read more…
Credit cards, or rather credit card debt, are something that has been a source of discussion for some time in both the main stream news and in homes across America. In this economic climate it’s something not to be taken lightly in both our personal or professional lives, but especially for the small business owner. Read more…
Photo courtesy of Getty Images
Is your business idea the right idea?
It is often said that the best time to start a new business is in a recession, and some data has shown that through a variety of factors, new businesses are more likely to start during tough economic times. So naturally one might think that during the worst financial crisis in decades would be a prime time to start a business you always wanted, right? The answer may depend on what you have in mind for a business. Read more…
There has been much discussion around funding, especially with CIT and its struggles. But as the Wall Street Journal points out today, there are still ways to get funding as a small busienss, even in a tough economy, and now is as good a time as any for small businesses to educate themselves about the alternatives. Read more…
It seems like something that every business should be considering along the way, but in truth many don’t. It’s profitability, including how long it will take you to get to the point where you’re profitable, what steps you can be taking to ensure you hit your target, and the decisions you make don’t negatively impact your goals for making money.
Today we pass along a very interesting post from the OnStartups blog, posted by Dharmesh Shah, who uses a very funny South Park video to illustrate the point of his post. Shah essentially argues that planning for growth is fine, but ignoring profitability altogether is an unwise move. He also offers three unique steps in the planning process that will help you consider profitability and essentially manage it over the life of the business. Not everyone can be a Twitter or Facebook, so to consider reasonable constraints is probably worthwhile for your business.
The entire post can be read here. What about you, do you consider profitability with your own small business planning?
With all the talk about how to succeed in business these days, with the struggling economy and challenges that everyone is facing, few people are asking if becoming an entrepreneur and starting a small business is even a wise decision. For those of you who might be thinking about jumping into the fray and finally starting out on your own, there are a number of key questions that you have to ask yourself, as Kelly Spors from the Wall Street Journal points out in her recent story which can be found here. This is a good look at many of the elements that have to be considered before you make the big decision.
Kelly outlines a number of hard questions a budding entrepreneur must ask themselves before staking their own claim. She also offers some sobering statistics, including how roughly half of all start ups close within five years.
Some of the questions include, “Are you willing to sacrifice your lifestyle for a number of years,” and “Do you like all aspects of running a small business.” These are all things that one must consider before taking the plunge into small business ownership.
As a small business owner, did you sit down and answer a number of key questions before deciding to start your own venture? What were they, and have they changed over the years?
Has your business seen tremendous success with a marketing campaign? Do you retain and acquire new customers in a unique way? Would you like to pen a guest column offering advice for other small business owners?
If you answered yes to any of these questions we’d like to hear from you. Please email publicrelations(at)vistaprint.com and let us know your story. We will post stories from the submissions on this blog along with images that you provide and a link back to your Web site.
What are you waiting for? This is your chance to get your success publicized to the world.