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TwitterIt’s not news that things are tough today. For small businesss and sole proprieters especially. For example it has become very difficult to spend money on non-critical activities. It also means having to let go people (if you have employees). But it seems also that by doing so, we loose on competitiveness. It is a real catch 22. How do you adapt?
Posts Tagged ‘Great Time’
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Finding Investors for Your Small Business
March 17th, 2011 
webkriti One of the biggest problems that many entrepreneurs face when starting their small business is the lack of initial funding. Since most of us don’t have the capital on hand to get a business off the ground and keep it running until it starts to turn a profit, investors are a necessary evil (so to speak). Of course, you may have to meet certain requirements or make some concessions in order to get the money to help your venture take flight, but if you truly believe in the potential of your business plan and you have done everything possible to ensure that it will earn enough not only to stay afloat, but to be profitable over time, then you should take help from every corner in your efforts to launch your new company. Here are just a few different types of investors that can benefit your operation.
Starting a Business in a Down Economy
July 13th, 2009 admin There are many of us at the Small Business Development Center who believe that this is a good time to start a business. While it certainly is not a great time to get a bank loan for working capital, there are several key attributes found in businesses that open in a down economy. These entrepreneurs tend to be very committed to researching their idea thoroughly, select partners more carefully and weigh purchases more wisely than free spending business owners earlier in this decade.
What Are The Best Pricing Practices For Small Business During An Economic Slowdown?
December 3rd, 2008 admin In an economic slowdown your pricing is determined by factors like input cost of production or distribution channel cost etc. ….. which are primarily working on market factors. Generally one should be working on a reactive strategy of open price …. which allows for revision in product pricing over a shorter time period instead of quarterly or yearly market driven slashes or increases. The important consideration is to try to maintain sales, even if some of them yield marginal or no profit (i,e, break even).
