How To Articles

 

The cost of bounced checks to small-business owners goes far beyond the penalty fees the banks charge for depositing bad checks. The time spent handling bounced checks and the havoc they wreak on cash flow are also part of the toll.

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You'd think that getting discovered by Walmart or Oprah would be every small-business owner's dream come true. Yet, too often, overnight success can quickly become a company's worst nightmare. A small business that lacks the capital, staff or infrastructure to handle a big order or nationwide publicity can promptly get crushed when its product or service becomes a hit.

 

Business owners face a growing risk of check fraud as computers make it easier to create phony checks and banks allow customers to open accounts via telephone and the Internet.

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America’s largest generation (Generation Y) is rapidly becoming one of greatest sources of employees for the nation’s businesses, large and small. But in order to attract and keep these young staffers (they’re currently in their 20s and early 30s), you need to understand how different they are from past generations of young workers.

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All franchises have one thing in common.  They are a systematic method to deliver services or products.

You, the franchisee, have supported this system with your royalties and initial purchase price and it now will be one of your biggest assets as you decide to grow your business.  

Read more to learn what are your biggest concerns as you grow your franchise business.
 

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Is there a college, junior college, or university near you? If there is, and you're not making use of it, you may be neglecting a powerful business resource. Many colleges have set up "centers," frequently with state money, to assist entrepreneurs. In addition, you may be able to tap a wide variety of services earmarked for students but available to the larger community.

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Consumer promotions can provide your business with a short-term boost in product sales or services requested. However, promotions should be thought of as an “add-on” to your existing brand advertising and marketing strategies. If you are considering running special consumer promotions, there is good rationale for incorporating them into your marketing mix.

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To get on top of your credit situation, you need to know what’s in your credit report. Perusing your report is how you are going to discover mistakes that can unjustly hurt your score and is a crucial tool for detecting identity theft.

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Social Media has taken over most conversations in the realm of communications and marketing.  Some people think that social media will cure all. The truth is that the technology behind social media has just made it easier for professionals in the communications industry to connect with their audiences more than ever before.

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If you are thinking about purchasing a franchise, keep the following 5 tips in mind.

1. You are a customer to the franchisor.
2. You and the franchisor have different goals.
3. You may not have an ongoing relationship with the franchisor sales representative.
4. You have legal rights when dealing with the franchisor.
5. You are protected by the FDD.

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