It may have noting to do with sales, marketing or products and services, but how you manage your money is at the core of your small business. What are the best suggestions you can share with your fellow entrepreneurs? We’ve added our suggestions below.
Success Story
Managing your business through tough times. When it comes to managing your small business, probably nothing tries your skills as an entrepreneur and small business owner more than dealing with tough economic times. The recent economic downturn was perfect example of such hard times and one story of a small business and how it survived will surprise you.
Spending
Watching out for your bottom line. If you want to know how to boost the profits in your business, be aware that it isn’t always increasing revenue you need to look at first. What costs are impacting your bottom line and how can you address them? Understan
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UBS Wealth Management Americas has teamed with the Clinton Foundations Economic Opportunity Initiative to provide guidance to small businesses in underserved communities, UBS announced on June 30.
The program will begin with a six-month pilot period in the New York City area. Businesses will be chosen to participate based on their potential to grow and create jobs. A UBS advisor and a business leader will consult on a pro bono basis with an assigned small business regarding financial decisions and best practices for growing the enterprise.
Group workshops featuring guest speakers will be held to bring together participants.
Former President Clinton has been at the center of good news for small business this week. The announcement of this UBS program came just a day after the kickoff of the latest Clinton Global Initiative meeting, focused on spurring domestic economic growth, kicked off in Chicago.
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Do we need some kind of permission to be creative? To live and do business outside the box? I mean, it’s not that small business creativity has to be so wild and far out—it just has to . I meet a lot of small business owners who deal with creativity as an afterthought. Well, just because our companies are small doesn’t mean our ideas and our solutions have to be tiny, too. Of course, creativity and innovation don’t have to be over the top, either.
Fast Company just came out with their 2011 100 Most Creative People in Business. It’s a diverse list with dynamic stories that inspire me (and hopefully you, too). Whether you are designing a physical product, redefining a company, writing stories and jokes, or figuring out a new way to communicate your political or corporate message, it’s the creativity that makes a company, a brand, an idea stand out.
And creativity works for small businesses too. In the beginn
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Here are some legal and policy issues small business owners should be aware of this week. Be sure to check through this legal and policy news roundup for the issues directly affecting your small business or entrepreneurial venture.
Trends
No-match letters a new headache for entrepreneurs. No-match letters from the Social Security Administration are back. The letters are issued when an employee’s name doesn’t match an existing social security number. The implications are obvious. But what should you do if you get one of these in the mail?
Wage and hour lawsuits the lates threat. There were 40,000 of these in 2010, up 15 percent over the previous year. And one expert says they’ve replaced discrimination lawsuits as every small business owner’s worst nightmare. So what about you? Are you on
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