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.
Partnerships fail for many reasons. Misalignment of personality is possibly the first reason that springs to mind, but according to Michigan law firm Family & Aging Law Center , the two most common reasons that business partnerships fail is 1) failure to make an adequate plan, and 2) more importantly, from a legal perspective, failure to have a written partnership agreement that outlines in detail the partnership structure.
As a business owner, it's important to understand how the Affordable Care Act may affect your business. However, with so many misconceptions about how the Affordable Care Act works, this can be difficult.
As part of our ongoing blog series, "Myth vs. Fact: The Affordable Care Act and Small Business," this week we're debunking another common myth: Business owners will be fined if they don't provide notification to their employees about the new Health Insurance Marketplace.