Bootstrapping Tips New Entrepreneurs Need to Know

~by Lizzie Weakley~   We live in an exciting world, and technological advancements have opened up opportunities for new entrepreneurs that used to seem like a dream. Whether you are prepared to start up a large industry or plan to keep your work closer to home by engaging in online marketing, the sky’s the limit. No matter what you’re planning, however, there are some tips you should be aware of to make the most of your efforts.   Startup Hang-ups Humans are innovative beings, and we’re constantly coming up with creative ideas to make things more convenient. However, it takes

Starting a Family Business? 5 Ways to Ensure Success

~by Lizzie Weakley~ . Running a family business can be as challenging as starting a business with an associate or former coworker, if not more so. There are personal feelings to consider as well as bruised egos. Plus, they’re people you love. And if you don’t have a plan in place, dissension can easily detract from results. If you’re starting a family business and looking for ways to better ensure its success, consider these helpful tips. 1. Select a Leader Whether it’s you or your older brother, designate someone as leader of your management team. This should be the person

5 Reasons to Outsource Fulfillment Services – and Save Money

~by Lizzie Weakley~ . As a subscription business grows, outsourcing becomes a more and more attractive option for fulfilling orders. Although outsourcing may seem unattractive on the surface, it has many benefits. Outsourcing is used by large retailers to make a better profit and obtain revenue with better margins. Besides, putting too much focus on receiving, packing, shipping, and space needed is not conducive to maximizing profits. Smaller subscription businesses can follow the lead of large retailers and possibly find the same success. There are several reasons why this outsourcing facilitates so much success. 1. You Can Do More Important

Why Every Business Needs a Good PR Campaign

Why Every Business Needs a Good PR Campaign

~by Lizzie Weakley~ . Entrepreneurs often think their company is too small to worry about creating a public relations (PR) campaign, but the truth is, every business should have one. Big or small, PR opportunities are advantageous for all businesses. Here are some reasons why. It’s Often Free You may not have the advertising budget that some of your competitors enjoy, but many PR opportunities come in the from of volunteering at a charity or encouraging employees to generate donations for them. This costs your company nothing, but can get you mentioned in the local newspaper, on the radio and

Business Finances: How White Collar Crime Can Affect Your Company

~by Lizzie Weakley~ . White collar crime can create a huge amount of problems for any business. All it takes is one bad employee or external associate to wreak havoc on your business. This makes it essential that every company have steps in place to prevent crimes from happening. This  includes having clear policies to inform employees of all legal requirements and also monitoring employees and records to identify any discrepancies and other potential signs. Having mechanisms like these in place can go a long way towards helping your business prevent fraud, embezzlement, extortion, theft and other common white collar

How Technological Development Can Lead to the Success of Your Business

~by Lizzie Weakley~ . Information technology has become an essential part of every business today. Most companies rely primarily on technology to operate, and without it, their business operations would crumble. The improvements in IT industry have seen the incorporation of field service management to improve the productivity of employees. Therefore, maintaining an IT department in every company is essential for promoting its growth and functionality in addition to improving the efficiency of workers. Information technology has enabled businesses to cover a wider client base and build lasting relationships with potential customers. IT has also helped reduce labor costs through

How Your Business Can Make a Difference in Your Community

~by Lizzie Weakley~ . Every business man or woman works to serve the greater community. You want people to travel from many miles away to visit your business. You want to change lives and inspire others to follow in your footsteps. Eventually, you know that doing business is not all about making money and earning a living. Learn how the power and success of your business can make a difference in your community in a very positive way.     Provide Jobs Everyone knows how important it is to provide jobs in the community. Every city is known for the job

Corporate Law: Why Your Business Needs a Lawyer for Stockholder Disputes

~by Lizzie Weakley~ . There are a variety of reasons for stockholder disputes. The two most common disputes for small companies arise when stockholders are deadlocked with no majority, and when a minority stockholder believes that the company isn’t being run in its best interests. The Deadlock Deadlocks are usually seen in small 50/50 corporations. The partners might not realize it, but in the governing documents of their corporation and stockholders agreement, provisions could be in place in case of a deadlock. Those provisions may well be subject to interpretation. They might involve a buyout, mediation or even winding up

7 Keys to Running a Law Firm as a Successful Business

law firm

~by Lizzie Weakley~ . Some lawyers go into practice as good negotiators but not good leaders. If you run a law firm, you must have the same leadership qualities needed to run any business. Review these 7 ways to handle the day-to-day running of a law firm. 1. Acquire Management Skills Think about running a law firm like you would run any business. Develop basic management skills that include reporting company data and solving day-to-day problems. A lawyer must be a superior communicator to deal with many different types of clients, lawyers and other professionals. 2. Track Finances Before you

Warehousing Business: How to Create a Safe Work Environment

warehousing business

~by Lizzie Weakley~ . A warehouse holds inventory — and more dangers than you can count. There are visible problems like floor spills, and hidden ones like faulty equipment. If you own or manage a warehouse, you’ll want to create a safe work environment that protects your employees, clients and products. Maintain a Clean Floor Not surprisingly, warehouses host many accidents when the floors are unclean. Teach employees to be cautious when they transport liquids, which could end up on the floor and cause serious falls. Tell them to clean spills and warn others immediately. Consider using companies that specialize