According to the recently release Wells Fargo/Gallup Small Business Index, small businesses prefer their advertising to have a local focus. The Index found that 55% of business owners surveyed spent money on advertising in 2005, with 67% advertising in their local newspaper or magazine. Results also confirm that more than half of small business owners believe that customer recommendations are…
More is better. That is the philosophy of most people and most businesses. And while more sales is always a good thing, expanding your sales force strictly by the numbers is not the most prudent thing to do in many cases. I’ve seen this most prominently happen in telelmarketing and call centers, but is also rampant in other sectors. Essentially,…
Debt and equity form the essential components of capital employed in business. Equity means the money funded by the promoters or shareholders. Debt in simple terms means loan raised from the lenders. Amount of equity in a business solely depends on the capacity of the promoter(s). Business promoter has two options to raise the capital – opt for 100% equity…
It’s good news for small business owners as they move higher on the radar screen of Bank of America. The biggest bank in California is already the largest small business lender by many measures. In the coming months, they will be adding a new online bank service that will be specifically targeted at small businesses. They will be offering more…
It’s good news for small business owners as they move higher on the radar screen of Bank of America. The biggest bank in California is already the largest small business lender by many measures. In the coming months, they will be adding a new online bank service that will be specifically targeted at small businesses. They will be offering more…
The 2006 Union Bank of California Small Business Survey found that more than half of California’s small business owners do not provide their employees with health care coverage. For the first time in the survey’s six-year history, a majority of California’s employers (52 percent) indicated they do not offer health care coverage to employees. For those employers who do offer…
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