April 2013 SMB News Recap

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Small Businesses Divided on Internet Sales Tax Small Business Trends The U.S. Senate is expected to make a decision soon regarding Internet sales tax legislation aimed to give states the power to collect sales tax for online sales, regardless of a merchant's physical presence.  Businesses may soon … [Read more...]

Cautions for fast-growing startups

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There are three concepts entrepreneurs must understand when securing funding for a fast-growing startup - burn rate, time to out of cash, and time to close. 1.     Burn rate (BR) refers to the amount of money a company spends in a given time, usually a month. If the company has income, the burn … [Read more...]

U.S. government grants for small businesses

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  Grants.Gov The information hub for U.S. Government grants is Grants.Gov. The website emphasizes that federal grants are not benefits or entitlements, but are used for an approved public purpose of support or stimulation. They are not meant to assist individuals and cannot be used by the … [Read more...]

Language Hacks of a Good Salesperson

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"There's figures on this... it's 70% how you look, 20% how you sound, 10% what you say." - Comedian Eddie Izzard Conventional wisdom tells us that how you say something counts at least as much as what you're saying. But how do you unlock the linguistic magic that will turn a dry or unimpressive … [Read more...]

10 Hidden Costs of Running a Small Business

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  Many individuals with a dream and an entrepreneurial spirit set out to start their own business.  That dream can quickly turn into a nightmare if you don’t have the financial resources to keep the business running. The first thing every entrepreneur should do is get educated about the costs … [Read more...]

The ins and outs of market evolution

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Non existing Market When a market does not exist, an entrepreneur must create it or recognize a need for it. At this stage, it is important to identify those potential customers who dare to test the product or service and are willing to provide feedback about its use. These customers are pioneers … [Read more...]

Accounting for your inventory– should you integrate?

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When you combine the power of QuickBooks® to manage your financial operations with a robust, feature-rich inventory management solution, you better manage your business. Automating the management of your warehouse inventory will result in reduced labor costs and increased supply chain efficiency. … [Read more...]

Sales make the (small business) world go ’round

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  Every company, regardless of product or service, is driven by sales. Sales can come from a variety of sources, and in the past few decades marketing trends have been greatly impacted by digital/electronic presence. But there’s no doubt that personal communication and presence will … [Read more...]

Crowdfunding for Small Businesses

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The Jumpstart Our Business Startups (JOBS) Act passed Congress and was signed by the White House in 2012. The Act legalizes a new form of crowdfunding – it allows small, unsophisticated investors to buy shares or debt privately from small or startup companies. We are still waiting on the SEC to move … [Read more...]