The average cost of starting a business is $30,000, according to a 2009 study by the Kauffman Foundation. But whether your cash comes from savings or financing, watching how you spend your money is critical to the success of your venture. This means establishing boundaries and habits that ensure you spend your money wisely and operate as a lean start-up.
Here are six ways to rein in spending as you start and grow your business:
Work from Home, Co-Working Spaces or Serviced Office Space
Here are federal resources
available to you and your family as we all work together to recover from Sandy.
These links will help connect you with assistance for yourself, your family and
your business, health and safety guidelines, ways you can make donations and
volunteer, and information about what the government is doing to help.
Government Resources to Help You Recover from Hurricane SandyRead More
NOAA post-storm response operations are
underway in the aftermath of Sandy. NOAA vessels are now conducting surveys to
speed the re-opening of waterways and aircraft are flying missions to capture
detailed imagery of coastal storm damage along affected portions of the U.S.
Microsoft and the U.S. Small Business Administration are teaming up to host a Tweetup for Portland area small business owners and entrepreneurs to learn about business resources in the community. The event is open to mom-and-pops, tech startups, and everything in between - just bring your tweeting (or other social media) skills.
Warning: this post is all about the questions. It doesn’t include the answers. Asking the right questions is a good first step to getting the answers.
Theoretically we should be able to measure the ROI (return on investment) of anything we do in our business. We talk about ROI, and return, and payback when we look at an ad campaign, direct mail, product development, purchasing some big-ticket item. We make assumptions about ROI all the time. But it’s not always easy, and our assumptions are not always correct.
Between 2009 and 2011, U.S. exports grew by 40 percent and the federal government is pressing to provide programs and resources that help U.S. companies succeed internationally.
Making the decision to export, however, is significant. Is your product marketable overseas? Can your business tolerate the benefits versus the trade-offs of exporting?
It doesn’t matter whether you’re a freelancer, an online business or operate a growing bricks and mortar company with multiple employees. In all cases, two things are certain: 1) You must pay business taxes (of course), and 2) you need to know a little bit about business law.
The problem is there are so many laws and regulations that impact small businesses, from ensuring the emails you send to your customers fall within marketing and advertising laws to trademarking your name to making sure you comply with labor laws.
Many communities are still feeling the effects of Superstorm Sandy, including power outages and flooding. The importance of listening to instructions and safety information from your local officials and FEMA cannot be understated.
Federal response teams are already providing assistance to affected communities. SBA is closely coordinating with our federal partners to share information in the immediate aftermath of the storm.
For the latest on the Federal government’s response to Sandy, you can read FEMA’s blog or follow updates on Twitter.Read More
Think you can build your business with coupons? Think twice.
Coupons have their place for many businesses, but they also carry the irksome problem of attracting the wrong kind of buyer. We all know them – the over-eager coupon clipper who stalks only those businesses that offer a special deal. This customer is often a one-time buyer and not the kind of consumer who is going to help you build your business. Even worse, you may incur couponing losses.
As you know, Hurricane Sandy is making its way up the East Coast of the United States, but the large size of the storm means heavy rain and strong winds will begin affecting the National Capitol Region tonight, and parts of New York and Pennsylvania tomorrow and Wednesday, and New England by Friday.Make no mistake--this is a large and dangerous storm that needs to be taken seriously, especially by the millions of people who live, work or travel in Sandy’s projected path.According to our meteorologists at Commerce/NOAA’s National Hurricane Center and National Weather Service, Sandy will makeRead More