Tag Archives: BusinessTips

3 Tips to Successfully Grow Your Business

After starting a small business, assuming you have found some level of success, the next step that you may want to take is to grow your business. However, while this might seem like a relatively risk-free undertaking, it is actually full of pitfalls that could ultimately sink your business if you are not careful. Therefore, before you attempt to grow your business, there are a few tips you should know to make sure you avoid missteps that could put you out of business. How to Avoid Pitfalls When You Grow Your Business Real Business, a website featuring news and information on entrepreneurs and businesses, posted a report on how business owners can grow their companies without making mistakes that put them out of business. Business Plan – A strong business plan is necessary to help you outline the path of your company’s growth, including debt obligations, potential profits and how…
Read More »

Posted in Business | Tagged , | Leave a comment

4 Ways to Save Money as a Small Business Owner

Being a smaller business owner has many difficult challenges. You are competing with other local businesses, all of which are competing against large nationwide corporate chains and bigger businesses. The majority of small businesses will not make it without investing time and resources into learning how to manage their finances responsibly. Keep reading for some tips to cut back on expenses to get ahead of the competition. 4 Ways to Save Money as a Small Business Owner Energy: Do you think about energy costs when managing your business? There are more ways to power devices than there used to be; solar and wind energy are alternative sources that are becoming cheaper and can save money. Going paperless will allow your office to save on paper costs. Shutting blinds in the summer, and not blasting the A/C can cut down on the energy bill. Shipping: Online retail is becoming more popular,…
Read More »

Posted in Business | Tagged , | Leave a comment

How to Merge with Another Company

When deciding on the next way to grow your business, you may consider combining your business operations with another entity to increase market share or gain valuable assets. Two ways to do this is through mergers and acquisitions. Merger: When two companies combine into one. There are different types of mergers, most of which combine companies or assets in similar industries. Acquisition: When a company claims ownership of another company by purchasing at least 50 percent of its assets. This is done through purchases of stock or other types of property. Both options can be beneficial or disastrous, depending on the decision made. Many times, companies may not be as compatible with each other as they initially thought, resulting in huge losses for both companies. Deciding on which company to merge or acquire with and what new entity to form is very important. Different Kinds of Business Entities Corporation: A…
Read More »

Posted in Mergers & Acquisitions | Tagged , | Leave a comment