Small Business Tips

Owning a small business often means wearing every possible hat available, from marketer to sales clerk and inventory manager to HR professional. Learn from the experiences of the small business owners who are NFIB members as well as the best experts for each industry. Below you will find small business tips for everything from taxes and regulation to promotion and networking.

How a Business Incubator Can Help Your Startup

Posted On: December 29, 2009

Small Business Incubation Centers Offer Experts and Office Space If you’re considering starting a small business, but would feel more comfortable using some experienced outside assistance, an incubator could be the ticket. No, not the type incubator used for baby chicks — but rather a business incubation center. Such a center does more than assist you in getting your business off...

Parts of a Business Plan: 7 Essential Sections

Posted On: September 24, 2009

The task can seem overwhelming, but writing a business plan is an important step in helping your company launch, grow, and thrive. Business plans provide vision and a clear strategy. They’re also critical for businesses seeking funding. But where should you start, and what should you include? Like most daunting projects, drafting a business plan is best done step by step....

9 Tips for Starting a Business While You're Still Employed

Posted On: September 22, 2009

Most new entrepreneurs keep their job until their new venture is established and generates enough income to pay the bills. But launching your own enterprise before you quit your job isn’t easy. While you juggle a job and a new business, keep the following advice in mind: Put Your Job First Always remember that until you hand in your resignation, your job comes...

The Importance of Healthy Cash Flow for Small Businesses

Posted On: September 11, 2009

No company buys what it needs or pays its employees out of profits. Certainly profits are a source of capital for expansion and debt reduction, as well as for the eventual ability to pay bills and meet payroll, but wages and other expenses must be covered with cash. A business can survive indefinitely if it doesn’t run out of cash,...

Design Advice for a Do-It-Yourself Direct Mail Campaign

Posted On: September 07, 2009

You’ve decided to launch a direct mail campaign, so you call a few graphic design firms. Yikes! Sticker shock sets in when you’re quoted high hourly fees to create a postcard touting your new product or a flyer about your services. Before you hire a pricey agency, consider designing your direct mail project in house. A do-it-yourself (DIY) project doesn’t mean...

Choosing between an S-Corp. and Limited Liability Company

Posted On: March 04, 2009

It’s smart to protect personal assets from business debts and liabilities. Both owners of S Corporations and Limited Liability Companies enjoy limited personal liability. By contrast, sole proprietors and partners have unlimited personal risk. Traditionally, business owners who chose to form an entity to protect personal assets but allow income and losses to be reported on a personal tax return had...

10 Customer Service Tips With Big Impact

Posted On: January 20, 2009

The simple things that you and your employees do to greet employees, answer the phone and follow up to questions have a great impact on your customers’ thoughts about your small business. Those little gestures can also have a huge impact. It sounds simple: If your small business treats a customer better than the giant retailer down the street, then it’s very...

Three Ways to Make Your Business Card Unique

Posted On: September 08, 2008

Though small, lightweight and often tossed in the trash, business cards are one of the most important tools in your business. And while they provide vital information for both prospective and current customers, that’s the easy part. It’s one thing to tell people how to contact you with your business card; it’s a whole other ballgame when it comes to...

The Manager's Responsibility for Cost Control

Posted On: August 19, 2008

Most managers have too much on their minds to devote attention to controlling the cost of their products. After all, managers have to worry about meeting schedules and deadlines, getting the work out, keeping customers happy, and dealing with problem employees and employee problems. Virtually every move a manager makes has a resulting effect on the cost of operations. Cost...

When to Use a Notary

Posted On: December 03, 2007

You’ve just signed that lucrative contract to build a million widgets, and you’re feeling great. Your company is in the black, employee morale is high and you had a notary public witness you signing that contract. So if any questions pertaining to the authenticity of your signature arise in the future, you are covered. What? You did not have your signature...

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