Identifying sales leads, nurturing relationships and turning leads into
paying customers takes a huge amount of money, time and energy. It may
seem like a lot of work but in today’s extremely competitive economy,
you really need to put in a lot of thought and effort into your business
building practices if you want your business to grow and flourish.
Canned interview questions are basically useless, especially if you are
looking to find the right hires to fill key positions in fast-paced
business environments. Cookie cutter questions may work for larger companies that value conformity over creativity, but not for entrepreneurial startup ventures.
According to the SBA, there were about 28 million small businesses in the country in 2010. However, only 50% of new businesses will survive for 5 years and a mere third are expected to remain in operation for more than 10 years. Consider these stats when starting a business and you may improve your chances of raising enough capital to set the wheels in motion.
Hiring a lawyer can be a significant expense. Thankfully, there are a lot of resources offering free and low-cost legal forms, information and advice for small business owners. Here, we explore a few of them.
The growth of your small business is intertwined with your growth as an
entrepreneur. While your product or service is undoubtedly
important—indeed, essential—to future success, there are a lot of
companies out there with “great ideas” that never took off. Take a look
at yourself and your business to see if you possess, or can cultivate,
the three indicators of future success.