Posts Tagged: small businesses

Define Your Financial Goals for 2017

The greatest basketball player of all time once said, “You have to set your goals before you can achieve them.” Even with his incredible talent, Michael Jordan recognized the importance of setting clear goals. Most businesses want to increase profitability, help their employees become more productive, or additionally, take a greater share of the market…. Read more »

Detroit: The Good News City for Businesses Big and Small

  Detroit has been experiencing a building boom. In the last few years, more than a hundred new restaurants have opened in the city, including Gold Cash Gold, opened by passionate locals, and Roast, a creation of famed chef Michael Symon, an Iron Chef on Food Network. The resurgence in the city’s restaurant business can… Read more »

Four Steps to Take If Your Business Is Audited

For many small businesses, once the business tax return is filed, and taxes are paid, they wonder, ‘What if we’re audited?’ It’s not likely. According to the IRS, only 57,000 businesses were audited in fiscal-year 2014 – the fewest since 2006. This represents 0.57% of U.S. businesses. So, what if your company is one of… Read more »

Four Tips to Successful Business Growth

You may think that rapid growth for your business is a good thing, but growing too fast sometimes causes unexpected challenges. There are many successful businesses that grew too fast, and experienced significant problems, and even failure. Of course, growth is the goal of a business; managing it well should be part of the plan. Here… Read more »

Sound Financial Systems: Help Small Businesses Succeed

Control and confidence vs. chaos and stress. This is the teeter totter of owning and managing a small business. Entrepreneurs gain a mastery of their small businesses when they make financial management systems a priority. There is strength in knowing the numbers, and where a business stands day-to-day. This information positions owners for big-picture planning,… Read more »

How Much Is Enough to Borrow for Your Business?

When you’re struggling with meeting the financial demands of your business, you may need access to capital. Whether you’re a newer business or you’ve been established for quite some time, a shortage in cash flow can hinder your operations. It’s important to decide exactly how much you need to borrow when you’re worried about making… Read more »

Social Media Time Management for Small Businesses

Small businesses are told to have a social media strategy to stay competitive.  For the most part, they know it’s necessary; they’re just not sure where to go with it.  Which social media outlets are most successful?  Which platform will get your company the most publicity? How do you manage your time between the endless… Read more »

The Internet’s Role in the Rebirth of Mom-and-Pop Shop’s Success

Family-owned businesses were constantly steam-rolled again and again by the all-powerful corporate conglomerates in the 1980s and 90s. These big-box shops were able to offer a wider variety of goods to their customers at a lower price, and their size enabled them to steamroll the smaller and more specialized businesses. Just think, if you had… Read more »