Business Tools

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Source: Entrepreneur.com, 9/3/2014

A business model describes how a company will make its money and creates a road map to follow so as to ensure enough funds come in to keep it solvent.  

Source: succeedasyourownboss.com, 9/1/14

As a small business owner, you wear a lot of hats. Keeping up with every department, idea and project is hard enough. But when you add finances into the mix, running your business can become downright overwhelming. In spite of the confusion that swirls around finances, small business owners must stay on top of profit, figures, and projections in order to remain competitive.

Source: BusinessNewsDaily.com, 10/27/14

With holiday shopping expected to grow this year, Small Business Saturday is a great time for small retailers to increase their profits and customer bases.

According to a recent forecast by consulting and financial advising firm Deloitte, US holiday shopping and sales are expected to grow by as much as 4.5 percent in the 2014 season, with purchases expected to total between $981 billion and $986 billion.

Source: forbes.com, 10/13/14

Being a small business owner doesn’t come with a job description, and more often than not it includes unforeseen stresses and challenges that are out of the business owner’s control. As a result, more and more entrepreneurs are finding ways to balance the demands of business in both practical and surprising ways.

Common Stress #1: Lack of Control

Source: BlackEnterprise.com, 10/6/14

Recognizing the influence that great mentors and teachers had on his life, Orane Barrett, a former engineer at Intel, turned his passion for learning and helping the community into a business.

Source: AmericanExpress.com, 9/29/14

New social-networking site Ello is gaining a lot of attention by calling itself the “anti-Facebook.” The ad-free site claims to not track its users’ every move and is trying to create a more inclusive, privacy-respecting environment that doesn’t require users to use their real name.

Source: Entrepreneur.com, 9/18/14

Many entrepreneurs no longer want to trade success for their health, money for time with their families or a business at the expense of their passion.

Source: BusinessNewsDaily.com, 9/4/14

Although summer vacation season has just about wrapped up, catching up on work after a trip is a problem that can plague employees year round. Despite your "out-of-office" reply (which you've likely contradicted throughout your vacation) and your meticulous pre-trip preparation, there's a good chance that the mountain of work waiting for you on your first day back will undo any relaxation you enjoyed while you were away.

Source: Forbes.com, 8/28/14

Aspiring and current small business owners are familiar with the grim survival rates of small business entrepreneurship. We hear time and again, how a large percentage of small businesses fail within a few years of founding.

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