Archive for the ‘Small Business’ Category

March 6th, 2013  Posted at   Small Business

The term family business is a business which has been passed down from generation to generation and it is not easy to pass this business down because some family members are having their very own opinion on how the business should be running. So, how the family business is able to stand through the test of time today? No matter which field that the family business is running, there are some reasonable tips that some family businesses are willing to share and those family businesses have been gone through some of the worst moments and they endure up to this day.

The very tip that the family businesses has to share is to run the business based on their father or their predecessors’ philosophy. Without those values of philosophy, there is no way the family business could stand and endure the test of time. All the family businesses are started as small business and running a small business is basically the same with any other business where you have to be brave and ready to take chances and understand the risk. Speaking about the risk, the most possible risk that every business has to bear is the risk of lost which could be caused by many factors.

Once you get the values of philosophy from the predecessors, the next tip is that you have to make sure that you have someone from your bloodline to continue the business although the fact is that some of the bloodlines or offspring might not show any interest to involve in the family business. One of the most popular support talks to get the attention of the young generations is by saying that the family business is the family legacy which should be kept so the next generations are able to enjoy the fruit of their predecessors’ labor.

October 20th, 2012  Posted at   Small Business

Don’t take the small business for granted because this is where the large scale business is started because it is very common philosophy that everything starts small before its eventually growing. So, how can you grow small business? Grow the small business means you have to find the right, proper, and legal funding and there are many choices that small business owners can choose. The available funding options for small business are including the business loan application at the bank, using the easy and quick online cash loan service, getting the funding from small business organizations of foundations, and perhaps using the small business owners’ personal funding. Let’s take a look at each choice so you can determine which funding that suitable for your small business, shall we?

The most common funding for small business that the owners are usually getting is by submitting business loan application to the banks. Basically the business loan application is almost the same with the personal loan, but what usually differentiates between them is the amount of loan, the interest loan, and the loan contract. One of the most distinctive factors is the fact that some banks have to reject the incoming business loan application because the business owners are having unsettled active credit payment. If the banks are not the number one choice of small business funding, other choices are still available such as the online cash loan service, funding from the small business owners’ personal money, or even submitting loan application at the small business foundations and organizations. Now, among the three available funding sources, the most possible are getting the online cash loan service and using the small business owners’ own money.

The online cash loan service is actually never mentioned about featuring the loan service for small business, but although it never stated that way, the aforementioned owners can still get the fund that they need by applying the personal loan. It is much recommended to apply for the aforementioned loan because the online cash loan service is giving easy requirements and fast approval. But if the online cash loan doesn’t enough to cover the funding for small business, it means that the small business owners can add the fund that they need from their own pocket. Some small business owners are using their own money as the number one funding source because they know that submitting loan application will take time and there is a chance that their application is rejected by the banks due to several reasons.

March 3rd, 2012  Posted at   Small Business

Outsourcing is one of the fastest growing trends in the small business world today, and for good reason. By outsourcing parts of their operations, small businesses almost always save money and often end up with higher quality service than they’d be able to afford otherwise. When one considers overhead and training associated with internal hiring, the amount of expertise that can be had for a given budget is much greater with an outsourced partner than a full time employee or team of employees. This is especially true in the field of IT, where quality technicians are paid high wages and it’s nearly impossible for an individual to be an expert in everything.

The only downside to the outsourcing model occurs if a business enters into a lengthy contract with a provider that isn’t a good fit. Unfortunately, as technology continues to become more essential to everyday business practice, it’s becoming increasingly difficult for small business owners to know what to expect from an IT provider and which of each provider’s merits are reliable indicators of outstanding service.

Here are some surefire qualities of a good small business IT provider:

  • Flexibility – Above all else, in order to properly serve the small business community, an outsourcing company needs to be flexible. Choose a provider that’s willing to customize a service plan for you, both in terms of pricing and level of service. If you only have a handful of computer users at your company, it may make the most sense to pay your provider at an hourly rate on an as-needed basis. On the other hand, if you’re supporting a dozen or more users and have more frequent needs, it can be much more cost-effective to operate on an unlimited-service basis at a flat monthly fee. Even with an unlimited service plan, however, you should never have to pay for service you don’t need. For example, if your backup service is managed by a third party company and you don’t need your IT provider to touch it, have them deduct that service from their price. One-size-fits-all does not equate to cost-effectiveness in the small business marketplace, and a good provider will be willing to work with you to find the best plan for your specific situation.
  • Responsiveness – One of the biggest advantages of having a team of IT guys on your side instead of just one or two is the ability for them to respond to issues quickly. That doesn’t mean you should expect your IT provider to get to everything instantly, but you should be able to expect them to clearly lay out their standards for responsiveness and meet those standards consistently. The bottom line is this: every minute a technology issue prevents you or one of your employees from working is a minute that your business is losing money. When you’re shopping for an IT provider, you need to be able to trust that your provider can be responsive to the degree that your company requires – no matter what. (more…)