Small Business

Grow Your Business: Should You Open a New Location?

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new location

It’s not the cheapest or the easiest road to travel, but many small businesses choose location expansion as their vehicle for business growth. The general thinking is that more locations could introduce your products and services to a wider customer base. However, expansion could deliver the opposite effect:  too much overhead without the expected bump in sales. Let’s consider the benefits and potential pitfalls of opening in a new location.

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5 Myths About How to Grow Your Business

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How much misinformation surrounds learning how to grow your business? With these five common myths, apparently there’s plenty. There’s no arguing that a small business is like a living thing–it needs a few things to grow. However, many small business owners aren’t sure what the magic formula for high growth is or how to apply those factors to their specific companies.

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3 Things to Understand About Working with Venture Capital Firms

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There are certain types of companies like technology startups and life science companies that venture capital firms seem to gravitate towards funding. However, you can still receive money from venture capital executives, even if you’re not in one of these fields.

Yes, a chunk of money to start or keep your company going is a wonderful thing to have; and, yes, it’s possible for you to charm a venture capital firm, (or ten), to gather the funds that you need. However, going from a, “Please,” to a, “Yes,” is a process.

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Two Strategies to get you out of Survival Mode and Grow

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Sometime,  a lot of businesses go into survival mode.  They get away from the types of strategies that lead to growth and opportunities. Instead, they get stuck in a mode of maintenance. It’s time to get out of maintenance mode and create new opportunities for your business. With that in mind, here are two strategies for you to consider for growth.

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How to Grow Your Business with Some Help from Social Media

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In today’s economic environment, growing a business requires business owners to create a presence beyond bricks and mortar. Today’s consumer spends a good portion of their time on social networks. With consumer habits trending towards internet based social interaction, it is essential that as a small or medium-sized business owner you throw your hat in the social media ring and learn how to grow your business through these powerfully popular platforms.

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Grow your Business by Knowing your Customer

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Whether you’re producing or selling goods, or offering services, you don’t want to make every possible consumer your target customer. Otherwise, you’ll be competing with every other business in the world. In addition, by appealing to everybody, you appeal to nobody and buyers won’t know what your business is about.

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The Basics of a Simple IRA and a Simple 401k

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Small business owners can easily be confused between the pros and cons of a Simple IRA and a Simple 401k retirement plan for their employees. Both programs have a lot of similarities, but there are also plenty of areas where they differ. As a result, there is usually a right and wrong choice in the matter. Don’t be one of those small business owners who consider it a toss-up decision with no real consequences. It can be be a very boring subject, but make sure you put the time in to make the best decision for your company.  Today, let’s review the basics of each plan.

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Grow your Business: 5 Tips for Fast Progress

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There are many things to consider when you want to grow your business.  However, when you are grinding it out on a daily basis, it is easy to get sidetracked because there are not enough hours in a day.  Today, we will share 5 tips for you to keep in mind that can result in fast progress as you grow your business.

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Grow your Business: 3 Unique Challenges

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The list of challenges faced when trying to grow your business is certainly a long one.  Some of them occur later on in the process than a lot of people realize. Even after brainstorming growth ideas, monitoring the marketplace for opportunities and putting together a plan, a lot lies ahead. There are unique challenges that arise during the process of implementing change, such as the likelihood of being overwhelmed or the difficulty in giving up responsibility and trusting your employees.

Even once you feel like you’re well into the growth process and more or less settled into the changes that you are making, there are a number of challenges to keep in mind in order to continue growing your business.  Let’s review what I consider to be three of the top challenges for you to keep in mind.

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How to Start a Small Business from Home

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The entrepreneurial spirit is alive and well in America, but many Americans who are considering starting their own small business from home don’t know much about what goes into launching a business. Below are a few simplified steps to get you on your way toward financial freedom as you start a small business from home.

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