Operations (303)
How to ensure your business has the right insurance
- Wednesday, 15 June 2016
- Operations
- Written by Tami Kamin Meyer
As a child, this writer asked her parents to purchase life insurance for her. Why? Because I mistakenly believed that having life insurance meant I was ensuring I would live forever (imagine my dismay when they answered “no). Knowing that insurance won’t prevent tragedies or inconveniences but can soften the blow if they occur can be comforting. However, as a small business owner, it can be difficult to decide what kind of insurance would be the wisest investment.
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Business and Running – What Principals Apply
- Wednesday, 25 May 2016
- Operations
- Written by Dave Griffin
I was a competitive distance runner for about 15 years. In all those years of racing, one day stands above the others. It was May 1984, and I was beginning to understand how the specifics of my training translated into race results. On this particular day with clear air and cool temperatures, I had chosen a race with just the right competition.
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Preparation Key to Avoiding Failure
- Wednesday, 06 April 2016
- Operations
- Written by Editor
According to CNBC, small businesses have a high rate of failure, but that can be avoided by preparing prior to opening your business. First, it is important to work with an accountant to make sure there are no nasty surprises come tax time. Other steps include having liquidity, and a funding source in place.
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Reducing Employee Theft
- Wednesday, 30 March 2016
- Operations
- Written by Michele Johnson and Lorraine Kennedy
Not everyone is dishonest, most folks are far from it, but some people do steal, and no business owner has the time to monitor everything all the time. If, however, your employees know that you could monitor any area of the business, and if they perceive that you are keeping an eye on them and that they could be caught at any time, they less likely to try something. Sometimes doing just enough to give the impression you are watching everything is all that is needed.Read more...
How to choose the right legal entity for your business
- Wednesday, 16 March 2016
- Operations
- Written by Tami Kamin Meyer
Whether your business endeavor is in its infancy or it’s been around for a while, attorney Josh Hollingsworth says it’s wise to know which legal entity is right for your company. According to Hollingsworth, a partner with the Indianapolis office of Barnes & Thornburg, while there are numerous benefits to formalizing one’s business endeavor, incorporating is not imperative for everyone. However, he says, it is wise for most.
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5 Ways to Deal with Startup Setbacks
- Wednesday, 02 March 2016
- Operations
- Written by Donald Cyprian,
As you build your startup you are bound to experience peaks and valleys, as every small business does. What separates successful businesses from those less likely to succeed is their ability to overcome adversity, and learn from their mistakes in order to reach the top of the mountain.
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Your business needs an operating plan. Now.
- Wednesday, 02 March 2016
- Operations
- Written by Tami Kamin Meyer
According to Steve Smith, President and Founder of GrowthSource Coaching, a California company that educates business owners and other professionals about improving their companies, an operating plan is a “day to day map how to run a business.” An operating plan details the guidelines of how a company owner manages the day-to-day minutiae of running their enterprise.
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Tips to get your business’s shipping into tip-top shape
- Thursday, 21 January 2016
- Operations
- Written by Tami Kamin Meyer
There’s more to choosing a shipping option for your business’s precious cargo than merely going with the least expensive option, says Tarik Yousef, founder and proprietor of T.Y. Fine Furniture in Columbus, Ohio. “When you choose a shipper, you want to choose someone who will represent you well,” says Yousef, whose company sells custom-made wooden furniture such as headboards and tables as well as organic mattresses and sofas.
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National Chamber Of Commerce Details State Of The U.S. Economy
- Wednesday, 21 October 2015
- Operations
- Written by Tami Kamin Meyer
There is a recipe for technology-based economic development and state governments must delve into how to intermingle those characteristics for businesses to succeed, according to Mark Schill, co-author of the National Chamber of Commerce Foundation's Economic study titled Enterprising States: States Innovate, released Oct. 20.
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Careful Planning Imperative For Business Success
- Wednesday, 30 September 2015
- Operations
- Written by Tami Kamin Meyer
The well-worn cliché “look before you leap,” is appropriate when it comes to starting a new business, says Jay Wurtzler, executive vice president of Capital Growth, Inc., a private investment firm in San Diego. “Get back to basics,” Wurtzler urges would-be entrepreneurs.
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