With rising fuel costs and general costs of doing business, it is not uncommon to see a business owner pass these costs onto the client. However, how you choose to pass those costs on can potentially alienate your customers. For example, customers are more likely to accept a increase in your overall hourly rates than they are to accept an…
The U.S. Small Business Administration has just launched new online resources for young entrepreneurs at the Mind Your Own Business teen Web site www.mindyourownbiz.org, to help young entrepreneurs succeed in the world of business. Created in collaboration with Junior Achievement, the site walks visitors through five easy steps of business ownership. The easy to naviagate site is a great resource…
The fourth quarter is historically a big âpushâ? period for small and big businesses alike. It presents an opportunity to meet sales goals and finish within budget expectations. To do so, requires planning and foresight. Here are a few tips that can help you focus on those year-end goals: Monitor Your Accounts Receivable Many business find themselves struggling with accounts…
Today’s workers come from increasingly diverse environments including age, gender, race, language, and nationality. Beyond these differences, there are also other deeper cultural differences that can cause conflict, especially when working in a team setting. Therefore, it is important to find ways in which to work effectively and resolve potential conflicts as a team while taking these cultural differences into…
You passionately believe in your business endeavor. You are committed to seeing it succeed, but need cash to get it off the ground. So, you drive down to your local bank to see about a business loan. Bill the Banker evaluates your loan application, approves it, but wants you to sign a personal guarantee as well. You figure, why not? …
A new benchmarking survey by the United Benefit Advisors sheds some light on current health plan enrollment among companies across the U.S. Almost 10,000 employers representing over 1.5 million workers in 2,700 cities responded to the survey. The findings: The average annual health plan cost per employee is $6,629, with an average employee cost of $2,031 and an average employer…
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