One of the most important decisions you can make as a business owner, a marketer, an accountant and a business strategist is determining a price for your product or service. The price you choose to set communicates value, market position and customer expectations. From a backend perspective, it also determines the ever-important potential of profit.
This month, the U.S. Small Business Administration (SBA) recognizes the vital contribution of Hispanic American small business owners to our economy as we observe and celebrate National Hispanic Heritage Month. We know that America’s 28 million small businesses are the engine of job creation in our country, and minority-owned businesses are one of the fastest-growing segments of new businesses in today’s economy.
More than 250,000 service members transition each year from the military to civilian life. These men and women are proven leaders and they have the skills and experience needed to be outstanding business leaders. And the figures prove it – one in seven veterans are self-employed or small business owners, and about one quarter of veterans say they are interested in starting or buying their own business.
If this sounds like you, there are a number of exciting resources and programs that can help you start and grow your business.
Does it feel like summer was just yesterday? Well, it’s time to put away the pool toys, cover the grill and pack up the bathing suits. For small retailers, it’s time to start planning your 2013 holiday marketing strategy. (In fact, in a recent Experian survey, 69 percent of marketers had already started planning—last month!). Here are some tips to get you started.
By: Pravina Raghavan, Director, Office of Innovation and Investments
Small business federal contracting is a win-win. The federal government gets to work with innovative small businesses—often with direct access to the CEO—and small businesses get an important source of revenue.