Recently, an unnamed American company with 1,500 employees completed a successful change to its corporate structure. Other business wishing to do the same could learn much from the way this company approached it. When a new leader came onboard to...
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The need to apply for outside financing is a fact of life for most new business owners. Here are eight business financing options to consider. Business credit card: You apply for a business credit card using your company’s credit history....
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Selling inventory for immediate access to cash is a basic business principle. Fewer business owners are aware of the option to use their inventory to obtain asset based lending. This provides fast and simple access to more operating capital to...
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When first starting a business, you may have an idea as to how things will progress. You have done everything thus far by the book and are excited at the possibilities ahead. Your business plan accounts for conservative business growth...
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When you have open positions, it can be frustrating to find the right candidates to fill them. Your recruiting strategy is the first and most effective method for finding the best employees for your organization. Get creative to build your...
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It’s always a bit of a balancing act when you are trying to set menu prices for your restaurant business. While you do need to cover the cost of your business overhead and your employees’ pay, you also need to...
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With the cost of conducting business these days increasing every single year, it makes good sense to consider outsourcing for all those functions which are not strategic to your business. There’s a great deal of appeal to the model which...
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Business growth can be great for your company, but it often comes with a price. You need working capital to support expansion plans. If you’re struggling to find the cash to grow, instead of taking on more debt, use a...
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If your company is in the beginning stages of growth, you may be able to benefit from the small business strategy of image management. Although you may have a dynamic product or service, potential customers often equate your diminutive size...
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College degrees and education can’t quite prepare you for entrepreneurship. Putting theory into practice isn’t always as easy as it looks. Many entrepreneurs make a lot of mistakes along the way as they’re getting started. Here are some common issues...
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