B2B | Small Business

Keys to Business Success: 3 Lessons From the Masters
It's no secret, entrepreneurs aspire to achieve success by creating their own distinctive path and system.  read more..
Need a Business Idea? Here are 55
Today, tens of thousands of people are considering starting a home based business, and for good reasons. On average, people can expect to have two and three careers during their work life. Those leaving one career often think about their second or third career move being to their own home. People who have been part of the traditional nine-to-five work force and are on the verge of retiring from that life are thinking of what to do next. The good news: Starting a home based business is within the reach of almost anyone who wants to take a risk and work hard.  read more..
Finding The Right Business
Is it Time to Give Up? How to Know for Sure.  read more..
Helping Women-Owned Businesses Get to the Next Level
The face of entrepreneurship is changing in America. Women-owned small businesses are one of the fastest growing sectors of our economy and are helping us recover from the Great Recession.  read more..
Wal-Mart cuts health benefits for some part-timers.
Wal-Mart plans to work with DirectHealth.com to allow shoppers to compare coverage options and enroll in Medicare plans or public exchange plans.  read more..
Challenges of Corporate Planning
The most successful business owners don't wait for growth to happen -- they take well-planned steps to improve their products or services, operations and delivery systems. This type of forward thinking requires a combination of research, accurate business records and entrepreneurial instinct. Putting all three together requires thoughtful planning and continued effort.  read more..
How to Announce a Budget
Budget announcements keep employees informed on the financial state of the company. Employees often need to know budgetary information because it directly impacts how their projects and departments progress. It also gives them a transparent look at your small business's health, providing more insight into decisions. Before announcing the new budget, consider which information you plan to release and who will receive it. A standardized method of announcing the budget keeps all employees on the same page.  read more..
Ways to Control Overhead Costs
Corporate overhead, if unchecked, can eat up your profits and potentially create a net loss before you realize it. Without a breakdown of your costs into production and overhead categories, you might not realize how much you're actually spending to run your company. Detailed financial reporting and budget variance analyses will help you keep your overhead to a manageable level.  read more..
What Are the Basic Elements to a Strategic Partnership?
Strategic partnerships are mutually beneficial relationships between two firms. Just as large corporations can partner together, two small businesses can partner with one another. A small business can also partner with a larger company. In either case, firms should always sign a legally binding contract outlining their responsibilities and financial stake in the partnership. To forge an effective strategic partnership, a firm must thoroughly research its potential partners. The firm should consult with individuals who have worked with the prospective partner, as Lisa H. Buksbaum says in "Choosing Strategic Partners That Really Partner."  read more..
Does Maximizing Customer Satisfaction Maximize Profitability?
Maximizing customer satisfaction makes an important contribution to maximizing profitability, although other factors such as cost control, productivity and marketing strategy also impact the bottom line. By maximizing customer satisfaction, you can increase the opportunity for repeat sales to customers, while reducing the cost of sales and marketing. Customer satisfaction helps to increase customer loyalty, reducing the need to allocate marketing budget to acquire new customers. Satisfied customers may also recommend your products or services to other potential customers, increasing the potential for additional revenue and profit.  read more..
Small businesses carving niches in burgeoning Pearland
Like owners of other small businesses who have found a niche in Pearland, Eric Hammond and Jeremy Perrine of Pearland Coffee Roasters can tell you who is coming and when. "A high percentage of our customers have been coming in every day, and we know exactly what they get every time they come in," said Perrine, who with Hammond opened the shop at 4106 Broadway after buying the assets of Antigua Coffee House, then Pearland's only locally owned coffee shop, in 2010. But even with the comfort of having loyal, familiar customers, owners of small businesses like Pearland Coffee Roasters, www.pearlandcoffeeroasters.com, can easily see that nothing stands still in the city's evolving business atmosphere.  read more..
The Seven Characteristics of Rational Social Organization
Around the turn of the 20th century, sociologist Max Weber theorized that industrialization and capitalism were changing how our social institutions, including workplaces, form and function. Traditional societies form groups and do things based on values, relationships and inheritance. Modernization, Weber said, displaced traditionalism in favor of rationalism. Rational cultures set goals and choose the most efficient way to meet those goals. Weber found that social organization based on rationalism has seven characteristics. Todays businesses still exhibit these characteristics.  read more..
What Is Social Responsibilty for an Organization?
An organization has a variety of responsibilities to its stakeholders, including employees, customers, vendors and stockholders. But it also has a social responsibility -- conducting its business in a manner that benefits society as a whole. This responsibility extends to individuals who may not be stakeholders -- those who do not directly participate in the company's financial success or use the company's products or services.  read more..
Organizational Structure of a Social Service Organization
For nonprofit businesses dedicated to providing individuals and communities with social services, organizational structure might not sound like a pressing concern. But establishing a framework that allows a business to perform effectively and also remain solvent is as essential to a neighborhood soup kitchen as it is to an international Fortune 500 company, says the Community Toolbox, a community development group. If you're just starting a social service organization, or if the one you're in needs retooling, find out which structures are working for others and how a deliberate organizational structure will benefit your business.  read more..
The Importance of Marketing for the Success of a Business
The heart of your business success lies in its marketing. Most aspects of your business depend on successful marketing. The overall marketing umbrella covers advertising, public relations, promotions and sales. Marketing is a process by which a product or service is introduced and promoted to potential customers. Without marketing, your business may offer the best products or services in your industry, but none of your potential customers would know about it. Without marketing, sales may crash and companies may have to close.  read more..
Elements of Strategic Business Plan Objectives
Strategic business plan objectives provide the specific details about what a company's expectations are for meeting their identified goals. While goals are broad, objectives must be clear enough that, after the plan has been implemented, two independent observers can tell whether or not the objective has been met.  read more..
When Planning Business Strategies, What Are the Most Important Elements for Firms to Focus On?
Strategies are long-term goals that help a business move onward and upward, rather than short-term objectives that simply improve day-to-day operations. The key to identifying the most important elements of a strategic plan is to choose goals and objectives that expand your potential without straining your resources or creating too much risk. Understanding some of the most basic elements of strategic planning will help you create the best long-term goals for your company.  read more..
Amending a Partnership Agreement
A partnership is a business structure in which two or more people operate a for-profit business. The partnership agreement -- which may be oral, written or implied based on the actions of partners -- details the elements of the partnership as agreed to by the partners. Partnerships that do not have agreements are subject to control under state laws governing partnerships when legal action is required. Amendments to a partnership agreement change specific provisions of the agreement, such as profit shares or management.  read more..
What Is a 50/50 Partnership Agreement?
More than 552,000 employer firms opened for business in 2009, according to the Small Business Administrations Office of Advocacy. Many of these businesses formed under the legal definition called a partnership. Two types of partnership arrangements exist --general partnership and limited partnership. Partners entered into a 50/50 partnership agreement can dissolve the partnership at any time. Also, when a partner involved in a 50/50 agreement dies, the partnership automatically gets terminated.  read more..
Overhead Costs in a Service Industry
Your success relies on your ability to successfully allocate your costs. Under-pricing your services can drastically affect your abilities to pay your overhead costs. At the same time, underestimating your potential overhead can dramatically affect your profit margins. Allocating costs effectively is one of the toughest jobs of a small business owner, according to the University of Omaha.  read more..
How to Determine Inventory's Direct Labor Costs & Its Overhead Costs
Manufacturers have a whole host of costs that they must account for in the manufacturing process. The costs may be divided into two categories: direct costs and indirect costs. Indirect costs often are referred to as overhead costs, and result from the use of resources to support the manufacturing process. For instance, electricity used to run the factory is an overhead expense. Direct and indirect inventory expenses must be accounted for using generally accepted accounting principles (GAAP). Proper accounting methods make it simpler to determine direct labor costs and overhead expenses.  read more..
The Best Practices in Measuring Customer Satisfaction
Customer retention and loyalty are essential to the long-term success of your business. Yet maintaining contact with customers and assessing their level of satisfaction is a challenge for many businesses. You can lose customers without even realizing that you've done something wrong or your products have failed to provide the expected relief or benefit. By consistently using best practices to track satisfaction, you can monitor your customer relationships.  read more..
How to Manage Profit & Loss
Every business must focus continually on managing profit and loss to remain solvent. Profit is the money a company keeps after paying all of its expenses. A loss results from expenses exceeding the amount of sales a company makes in a specific accounting period. Companies must manage their income statements, also known as profit and loss statements, to keep earnings positive and expenses under control and in line with revenue.  read more..
How to Improve Help Desk Customer Satisfaction
Customer satisfaction with a company's help desk can significantly impact the business as a whole. Customers call the help desk seeking answers or assistance, and help desk staff must respond in a calm and informing manner. Tracking customer satisfaction and consistently working toward improving it can help a company grow its business operations, increasing the numbers of new and returning customers.  read more..
Getting A Business License
Getting a business license involves registering your business name and providing your contact information to a state or local agency so it can mail you periodic tax forms. In addition to these generic business licenses, there are also trade-specific licenses that attest to your competency in a field, certifying you to perform certain actions such as medical consultations or refrigeration repair. Be sure to obtain all necessary business licenses before beginning to operate your business.  read more..
Do Social Organizations Effect Change on Employees?
The culture of your organization is, in part, affected by the types of social groups that flourish among the employees and that you, as the business owner, support. The culture of a company revolves around the core beliefs and common understandings of the organization as a whole. A company takes on the attitudes of its leaders, who direct and shape the standards for behavior utilized by the company. Involvement with a social organization can affect the basic culture of your company.  read more..
Tactical and Operational Planning
Developing strategic plans is a necessary part of a business. Many types of business plans exist, and two common types of plans include a tactical plan and an operational plan. Tactical and operational plans both work to implement a firm's strategy. Although some similarities exist between tactical and operational planning, there are clear differences. Understanding the elements of tactical and operational planning helps you develop and implement your strategic goals.  read more..
Hottest RadioShack tech gifts of 1984 holiday season laughable now
A RadioShack fansite has scanned in most every catalog that the electronics store has put out for the past 70 years. For the 2014 holiday gift-giving season we took a look at the items that were in high demand 30 years ago in 1984.  read more..
Low Gross Profit Margin vs. Low Net Profit Margin
Gross profit margin and net profit margin are two of three common profit margins derived from your company's income statement. The other is operating profit margin. While each margin assessment offers different financial assets, they collectively show how well you earn profit from revenue.  read more..
Tips on Designing Business Cards
Business cards are one of the simplest, most popular ways businesses market themselves, their products and services to potential clients, vendors and suppliers. Whether you're attending a networking event, hosting a seminar or meeting a potential vendor or client for the first time, a well-designed business card is a necessity. Before designing your card, consider your industry, target client and the personality of your business.  read more..
The Meaning of Rational Choice Theory
Rational choice theory (RCT) theorists believe that most human decisions are based on maximizing a person's own benefits, while minimizing that which can hurt the individual, according to Business Dictionary. Small business owners should consider adapting the theory of rational choice into their business models as it can help predict and explain future consumer spending decisions.  read more..
Small Business Internet Marketing Advice
If you're starting a new business, marketing yourself online is crucial. Not only does it help you to meeting your customers' needs, but it can help you reach out to new customers across the globe. New technology can be overwhelming, but when used correctly, it offers countless opportunities to expand and grow your customer base.  read more..

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