Yesterday, I spoke with Zalmi Duchman, the founder and owner of The Fresh Diet in Florida. His business cooks and delivers freshly prepared, healthy meals directly to customer doors each day.
He talked about how, if Congress doesn’t act, a tax increase will hurt both his hardworking employees and small businesses, like his, that rely on consumers to have money to buy their goods and services. He said that when his employees open their paycheck and see that it got lower, they’ll turn to him and ask why.
Guest blog post by U.S.
2011 proved to be another highly productive year for Commerce's Minority Business Development Agency (MBDA)—the only federal agency tasked to promote the growth and global competitiveness of the minority business community. MBDA is a leader in strengthening the economy and improving the lives of all Americans. We support job growth and economic expansion through a network of MBDA business centers, collaboration with federal, state and local government agencies, and strategic partnerships. The U.S.Read More
Most of us in our business lives are required to deliver some form of presentation, and most of us breathe a deep sigh of relief when it’s over, when spotlight is off and we can sit back down.
But if your business success hangs on your ability to deliver a knockout sales presentation, then it’s worth spending some time refining and perfecting your technique.
First population estimates since 2010 show slowest national growth since the 1940sA new report from the Commerce Department's U.S. Census Bureau reveals that the United States population grew to 311.6 million between April 1, 2010 and July 1, 2011, an increase of 2.8 million. This marks the lowest overall growth rate for the U.S. since before the baby boom, according to Census Bureau Director Robert Groves.Read More
A new draft computer security publication from Commerce's National Institute of Standards and Technology (NIST) provides guidance for vendors and security professionals as they work to protect personal computers as they start up.The first software that runs when a computer is turned on is the "Basic Input/Output System" (BIOS). This fundamental system software initializes the hardware before the operating system starts.Read More
Buying a business is often perceived as a less risky option than starting your own business from scratch, however without proper research, due diligence, and consideration for the key legal steps and potential liabilities involved – it can be a risky path to venture down.
For example, has the previous owner been in compliance with tax law? Is the business adequately insured? What are the terms of the seller’s commercial lease?
With everyone feeling festive this time of year, it’s a great time to think about how you can keep that feeling going the whole year long. Why not celebrate your customers? There are many ways to thank your customers for their business, make them feel special . . . which will make them more inclined to keep doing business with you. Here are some ideas.
Throughout 2011, Commerce's Bureau of Economic Analysis, the agency charged with keeping a finger on the economy’s pulse, has been hard at work measuring an ever-changing economy. During the year the Bureau instituted new methodologies, new techniques, released new Web-based analytical tools, and made continual improvements to the national accounts to keep pace with the changing economy. 2011 proved to be a stronger year for the economy, for the performance of U.S. companies and the spending behavior of American consumers.Read More
It may sound obvious, but understanding gross margin is often overlooked by startups and new business owners. This can have a direct impact on your ability to effectively manage a growing business, price your products, and most importantly, make a profit.
What is Gross Margin?