How fast can I grow my small business?

Many small business owners ask the question, “How fast can I grow my small business?”  The simple answer to this question is, “It depends on how much capital you have.”  I will use the example of a boot-strapped Service Company.

You start your business with $10,000.  You buy a desk, a chair, and a computer.  You land two new clients which means that you are making enough money to pay your overhead, pay yourself, and still have a little money left over.  Congratulations, you are on your way!  You land two more clients.  Then, you find that you can’t handle all of the work by yourself anymore and you need to hire some help.  You hire some help.  You are still able to pay your overhead, pay yourself, pay your help, and still have some money left over.  Your small business is growing and you are managing your growth in the most perfect way possible!

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Questions before Making that New Hire: Important Things You Need to Know

Your hard work is starting to pay off.  Your business is growing and you want to make some new hires in order to continue growing and keep your customers happy.  Here are some important questions for you to consider before making those new hires.

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Questions for Buying a Business: What You Need to Know Before Moving Ahead

business people making a deal

Have you ever thought about questions for buying a business?

Purchasing an existing business comes with a whole set of issues that can be completely different from building a new business from the ground up.

If you decide to flex your entrepreneurial muscle by purchasing an existing business, then you need to know what you’re getting into.

And you can begin learning by continuing to read this page.

Here, you’ll learn about some of the essential questions for buying a business, why they matter, and what kind of steps you need to take to ensure that an existing company continues to operate successfully.

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Identifying Business Risks: Know What Problems to Look for and How to Deal with Them

Identifying business risks as an entrepreneur is one of the most important things that you can do when running a business.

Because risk takes many forms and can r range from a minor issue to something that can threaten the life of the business itself, it pays to know how to point out risks of all flavors and address them accordingly.

But what can you, someone who doesn’t have the benefit of years of experience in running a business, do in order to find that risk and make sure that it doesn’t threaten your company?

This post will explore your options in identifying business risks and show you just how to be prepared for action when you do expose risk.

So let’s get started.

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Staying in the Black: What You Can Do to Make Sure Your Business Stays Profitable

As a business owner, you have a lot of responsibilities to a lot of different people, but all of that responsibility ultimately ties into staying in the black.

The term “in the black”, of course, means that a business is profitable and it’s where every business wants to be, regardless of its size or industry.

But just what are some of the things that a company needs to do in order to reach that highly sought after status, especially in the economic environment that we’ve been in for the past few years?

Obviously, there’s no straightforward answer to that problem. However, that doesn’t mean that you’re out of luck when it comes to ensuring that your company stays ahead of the curve by continuing to turn a profit regardless of the economic conditions.

In this post I’ll be offering some advice on staying in the black, so keep reading! You may be surprised at some of the different practices that you can put into place to ensure longevity for your small business.

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How to Find Angel Investors: What You Can do to Secure Funding For Your Business

you may be thinking about how to find angel investors who can provide you with the kind of capital that will allow you to secure funding and build your company

Funding your business so that it can become more than just a dream is no easy task. With that in mind, you may be thinking about how to find angel investors who can provide you with the kind of capital that will allow you to secure funding and grow your company.

There are a number of methods by which you can find an angel investor; a person who provides you with capital in exchange for partial ownership of the company.

Because funding your business is such an involved and important process, you want to make sure you do it right and find an investor who will be a perfect fit for your business.

So let’s take a look at some of the things that you should consider when trying to answer the question of to how find angel investors. You will be able to use the information to guide you in your own search for that perfect financial backer.

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How to Finance a Small Business: What You Can Do to Get Off the Ground

The question of how to finance a small business is one that every entrepreneur asks when starting out, and with that question comes a wider variety of methods and practices that you can use in order to get your business off the ground.

But will those methods work for you?

One thing I have learned over the years is that what works for one type of business may not necessarily work for others. While you may think that this primarily applies to your business practices and how you deliver your products and services, I would argue that this is a saying that resonates with every aspect of your business.

From the way you manage your employees to the way you market your services to, yes, how you finance your company at the start, the way you get things done will depend on a number of factors and there is no “one size fits all” formula

So let’s take a look at the question of how to finance a small business and we’ll examine various answers that can apply to your business.

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Reducing Operating Costs: How You Can Keep Your Profit Margins Wide

As a business owner, reducing operating costs is one of your many, many obligations.

It’s also one of your most important considerations.

While this is something that applies to every stage in business, it’s especially important during the formative years when operating budgets are tight and every cent counts.

It may seem like it goes without saying, but it can’t be stressed enough that your earnings need to outpace your expenditures if you want to keep your doors open. So, you want to look at every area of your company and make sure that money is being used as wisely as possible.

By doing that, you can make sure that you’re able to stay on task and can continue to guide your company towards growth and prosperity.

So let’s look at some of the ways you can go about reducing your operating costs so that your short-term business goals are more easily obtained.

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Business Financial Metrics Every Entrepreneur Should Know

business financial metrics that every entrepreneur should know

Business financial metrics are essential to learning how your company truly operates, so it makes sense that you would want to know absolutely everything that there is about them.

As an entrepreneur, you have to wear many hats and be knowledgeable in many different disciplines.

From knowing your product or service inside out, to being able to talk to your customers and clients, to showing the leadership skill that your employees need in order to bring out the best that they have, your role as the owner of the company is one that will demand everything you’ve got.

But it can all be for nothing if you don’t know about the different aspects of finance that serve to keep you in business.

This post will look at some of those areas, provide explanations about what each one is, and show you what you can do in order to make sure that your business thrives in these areas so that it’s able to thrive as a company.

So, if you’re ready to learn more about business financial metrics and what they mean for you, then keep reading this page.

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Considerations for Starting a Business: Things That You Should Keep In Mind

If you’re entertaining the idea of owning your own company, then it’s important to know about the different considerations for starting a business.

Because getting a company off of the ground requires time, dedication, and resources, you don’t want to overlook anything on your path to becoming a successful entrepreneur.

Starting a business involves much more than knowing what you want to sell and finding people who are willing to buy it. When you visit any business that you regularly patronize, whether it’s a small stand on the street corner or a large, big box chain, there are a lot of unseen parts working together to make sure that business is able to effectively serve its customers.

As an aspiring business owner, those are the things that you need to worry about in your own house.

So what are some of the considerations for starting a business? Keep reading this post to find out just what you need to keep in mind as you set out to run your own company.

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