Pick the right name for your business
- Written by Vancouver Sun
- Hits: 2351
January 27, 2012. 3:55 pm • Section: Small Business
What should you consider in picking a name for your new business?
For starters, don’t listen to everyone. Names created by committee are usually losers, say Jay Conrad Levinson, Jeannie Levinson and Seth Godin in an Entrepreneur.com story. Here are more of their tips:
1. Your name leaves an image about you and your company. Are you speedy, experienced, fun, outrageous, reliable, inexpensive, honest, unique or the best? List your attributes and ask around to see if this list meets potential clients’ needs. ... Read more
The 3 Biggest Financing Mistakes Made by Small Business Owners
- Written by Small Business Success Blog
- Hits: 2199
/ by Tom Gazaway / Feb 03, 2012 / Posted in: All, Finance
Small business owners work hard. They are the backbone of our economy. They create jobs. Our economy would be in really big trouble without these entrepreneurs. They wear lots of hats. They are almost always great people as well. So they must be experts at knowing the details of credit and they must know exactly what lenders want to see and who the right lenders are for them…right? Well, not exactly. It’s unrealistic to think that a small business owner would know credit details such as how FICO scores work, how many scorecards are utilized with each generation of FICO, what are the main factors keeping them from an 800 FICO score, how can they fix those problems, etc. It’s equally unrealistic to think that a small business owner would know which bank is the best fit for them based on their location, industry, profits, losses, credit, etc. And what about the thousands of non-bank lenders? Do we think a small business would be well-versed on who those lenders are and whether those options make sense for them? ... Read More
11 Questions To Ask When Conducting Market Research For Your Business
- Written by Small Business Playbook
- Hits: 2413
You’ll need to conduct some market research. It doesn’t need to be a seven month long process or a 100 page document that you create, but you do need to ask yourself some questions and do some work to find out the answers.
Without a thorough knowledge of the marketplace and existing businesses, you may be putting yourself in danger before you even start. The following questions will help you to identify some important issues in your marketplace, and it will help you to double-check if there are crucial issues that you may not have considered before you start your new business.
... Read more
How to Calculate and Understand Your Balance Sheet
- Written by Fox Business
- Hits: 2112
Written By Bonnie Lee Published February 03, 2012 FOXBusiness
The Tax Side of Buying and Selling a Business
- Written by Small Business BC
- Hits: 2338
When you are looking into buying or selling a business, there are really only two options:
- To buy or sell the assets of the business
- To buy or sell the shares of the company that run the business