Entrepreneurs need to manage the financial side of their business too, reports Forbes. Often entrepreneurs focus exclusively on marketing or product development, failing to realize the importance of knowing the businesses financial health. 

Listening closely to the vendor’s sales pitch, reports Information Week, ensures a small business will get the best deal. Look for companies that clearly explain their pricing, policy and terms.

Small businesses can benefit from social marketing, reports B to B Online, as long as they keep the focus small.