Archive for the ‘Grow Your Business’ Category

How to Steal Business from Your Competition

Don Farrell’s take on business ethics may shock some, but in light of current economic times, it is a pragmatic and sensible approach.

Farrell, author of Ethical Theft: How to Steal Business from Your Competition, from Brio Publishing (www.FreshRevenues.com) defines business ethics not from the standpoint of what’s fair for the market, but rather, what’s fair for the company and its employees.

“My definition of unethical is this: Failing to do anything and everything within my power, and without breaking the law, to provide for my loved ones, my employees, and my employees’ families,” said Farrell.

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Getting a loan from the Small Business Administration (SBA)

Here is a handy guide to the various SBA loan programs. Click here to review a synopses of SBA Loan Programs.If you are interested in obtaining further information for a specific Loan Program listed below, click on the Loan Program and you will be brought to the SBA Web site.

PROGRAM: 7(a) Loan Guaranty Program (the SBA’s primary loan program).

Maximum Amount Guaranteed: $750,000 in most cases Percent of Guarantee (Max.): 75% (80% if total loan is $100,000 or less)
Use of Proceeds: Expansion or renovation; construction of new facility; purchase land or buildings; purchase equipment, fixtures, leasehold improvements; working capital; refinance debt for compelling reasons; seasonal line of credit; inventory acquisition
Maturity.

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The Best Way to Build your Business

It’s interesting to see how many small businesses try as soon as possible to follow the example of some large corporations to build an impersonal “corporate image.”

People actually prefer to do business with people, not institutions. The last time you called an organization with a problem, weren’t you frustrated and didn’t you experience emotional pain while “going through voice mail hell” or being transferred until you got connected with a person who could solve your problem?

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Grow Your Business with Existing Clients

Being in business for a while, you eventually begin to shed many of your initial fears as you begin to find confidence in what you are doing. Living though situations you once feared and coming out safely on the other side is a learning experience many people have to go through before they can fully understand the concept. As word begins to spread around and you are finding new clients a little faster than you had in the past, you can sometimes miss out on opportunities to make more money with the resources you have at your disposal, including your existing clients and customers.

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