How Will Your Business Adapt for the Winter?
Autumn is lovely, but if you own a small business, winter looms large. With indoor capacity still limited to 25%, ideas are in high demand. We came up with some suggested alternatives for a variety of small businesses, and here they are:Home & GardenThis idea is specifically for hardware stores and/or garden centers. Depending on […]
Five Suggestions for Small Business Budgeting in 2020
Attention, small business owners! Have you begun budgeting for 2020? What are you waiting for? The economy may be booming, but global recession and political upheaval can always be waiting around the bend. Whether your plans are to expand or to toe the line, approach your 2020 budget with the following in mind:Emergency Fund – […]
Five Reasons to Relocate Your Business
Think about all the hard work and sacrifice that went into establishing your small business. Now, think about picking up and moving your business to another location. Is there ever a good reason to relocate a business? Here are five reasons:1. ProximityIdentifying the prospective clients of your business should have been one of the first […]
Five Insights for Hispanic Restaurateurs
Latino entrepreneurs often face plenty of legal issues when attempting to open a start-up restaurant. However, investing in a restaurant business is an important area of engagement for Hispanic entrepreneurs. Above all other business issues that need to be considered beforehand, the negotiation of a lease takes precedent. How the restaurant can be financed and where […]
The Latino Small Business Boom
According to the U.S. Hispanic Chamber of Commerce, there are 4.4 million Latino-owned businesses in this country that are responsible for the injection of over $700 billion into the U.S. economy. In the past year alone, the average annual revenue of those businesses spiked by 26.5%, while the number of credit applications jumped 22%. The […]
The Three Essential Factors of Building Maintenance
Building maintenance is not just a matter of keeping your place of business neat and tidy. It is a matter of guarding against loss of business due to property disrepair and inconvenient closures. You must plan for maintenance before something breaks. That is sound business management. There are three major factors to bear in mind when […]
Commercial Leases: Maintenance and Repair
Responsibility for maintenance and repair is meant to be shared between the landlord and the tenant in a commercial lease. Rent may be a negotiating tool, but before you sign that lease, be sure that you understand what your obligations are — knowing what you cannot do is equally important. General expectations will always be restricted […]
Choosing the Right Location for Your Small Business: 8 Deciding Factors
The best strategy follows extensive preparation. In Choosing the Right Location for Your Small Business: Budget & Space, we prepared by determining the budget and space needed to choose the right location for your small business. Now we can focus on eight specific factors in order to make our final selection.DemographicsWho are your target customers? […]
Choosing the Right Location for Your Small Business: Budget & Space
The single most important piece of advice made available to prospective business owners is a single word, repeated three times. The word is “location”. Where you choose to set up shop is emphasized for good reason. The subject warrants more than one blog post. This is the first in a two-part series. We will start with […]
The Basics of Signing a Contract
A sole proprietorship is as simple as it gets. You are the sole owner of your business. You started it. You run it. The profits are yours, minus Uncle Sam’s cut. The moment your business requires interaction with others, contracts enter the picture. Contracts are inevitable but, all too often small business owners fail to ask […]