Young Entrepreneurs: It’s Never Too Soon to Prepare to Fund Your Business

Young Entrepreneurs: It’s Never Too Soon to Prepare to Fund Your Business

  • Posted by Liz Overstreet
  • On April 1, 2013
Young people who want to start a business someday should be aware that they most likely will need to seek outside funding to make their dream a reality. Whether in college, high school or younger, it is never too soon to begin preparing to approach a lender for startup funding. One way to start preparing, […]
Read More
 

Want a more durable business? Look at your revenue quality.

  • Posted by Liz Overstreet
  • On February 28, 2013
  Often one of the priorities for business owners is a focus on quality. Quality is measured and analyzed in products, customer service and employees. While it’s important to focus on the quality of operational inputs and outputs, it’s also important to think of quality of revenue. Revenue quality is a description of revenue sustainability. […]
Read More
 

Planning Essential to New Business Success

  • Posted by Liz Overstreet
  • On February 6, 2013
If you want to successfully operate your own business, it is critical that you realize how important the planning stage of your business is and are willing to put in the time and effort needed to develop an effective business plan. Approximately half of new small businesses fail within the first five years. One of […]
Read More
 

On Your Mark, Get Set, Innovate!

  • Posted by Liz Overstreet
  • On January 30, 2013
Imagine this scene. A mid-sized company recognizes it is seriously falling behind the competition. New ideas for products and delivery mechanisms have not been forthcoming and sales are dropping rapidly. They are in trouble — big trouble. So the firm’s CEO calls an emergency meeting of the management team. She gives the group the bad […]
Read More
 

Emergency Preparedness: Is Your Small Business Ready?

  • Posted by Liz Overstreet
  • On January 10, 2013
The American Red Cross states the supply of groceries present in local stores in some communities will satisfy about a three-day supply to the local population. Three days. And in the case of a catastrophic event, most of those supplies will be depleted within one day due to panic buying. Should you have to survive […]
Read More
 

Good Hires Key to Success

  • Posted by Liz Overstreet
  • On December 14, 2012
Hiring the right employee is a challenging process. Your organization can be directly affected both positively and negatively by your decision. That is why hiring the right employee the first time is so important. It is better to spend a little extra time now than to have to go through this whole process again in […]
Read More
 

Back to basics: Re-examine Your Small Business Strategy

  • Posted by Liz Overstreet
  • On November 30, 2012
In tough economic times, many companies adapt by switching to a survival strategy, but when recovery comes, this strategy may not position them well for growth. If you are a small business owner, it may be time to reposition your business by taking a fresh look at key areas like marketing and operations. It is […]
Read More
 

Creating a Board of Advisors for Your Business

  • Posted by Liz Overstreet
  • On November 15, 2012
One trap entrepreneurs often fall into is that they get too close to their business to see it from any perspective other than their own. The associated risk is not responding fast enough to the changing marketplace. The bankruptcies of Blockbuster and Borders are perfect examples. While the marketplace was changing how it wanted to […]
Read More