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Is Outsourcing Viable for a Small Business?
It is a common misconception that outsourcing is something only big companies do. What people do not realize is that the same reasons large companies use for outsourcing – reducing costs and controlling overheads – applies just as much to small businesses. If done properly, outsourcing can save you money and increase your efficiency and [...]
Continue reading...Using a Business Plan
6. September 2008
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Small business owners know how to run their businesses. But in the rush of day to day operations they sometimes forget the bigger picture of their long term goals. To keep the long term focus, they need a business plan. A business plan is a road map of where you want to go and how [...]
Continue reading...What is Your Profit?
5. September 2008
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If you run our own business, it is tempting to look at the money you make as your profit. Your income less what you have spent is your profit. Right? Sorry, but no way! Thinking in these terms is going to land you in hot water. All the money you make is called Gross Income.
Continue reading...New Employee Training in a Small Business
3. September 2008
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You probably started your business on a small scale as a one man show. You did everything yourself. But if you are a good businessman, your business has grown. So you need to hire someone to help you in your work. Taking it for granted that you have found what seems to be the right [...]
Continue reading...The Need for Common Sense in Online Business
2. September 2008
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Someone once said that the most uncommon thing is common sense. A lot of people may find this article on common sense in online business an insult to their intelligence. If so, I apologize. In my defense let me say that the following list is an amalgam of lists I had asked my experienced businessmen [...]
Continue reading...Avoiding Legal Hassles in an Online Business
28. August 2008
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When the dot com boom started years ago, the internet was like the Wild West, with anyone and everyone trying any and everything to make money. That is the main reason the bubble burst so soon. Today there are laws and regulations in place to govern online business. There are not too many, they are [...]
Continue reading...Hiring Help in an Online Business
27. August 2008
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You probably stared your online business alone and you were the CEO and bottle washer. Right? But as your business grows, there will be too much work for one person to handle. Watch out for this. Many rookie business men make the mistake of not letting go and trying to do too much themselves. No [...]
Continue reading...Controlling Your Cash Flow
26. August 2008
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The reason you have started your online small business is to make cash. There are many aspects of running a profitable online business, as a visit to http://www.ringgle.com will show you. Controlling your cash flow is one of the most important. For more information on handling cash flow, please read an article on how to [...]
Continue reading...What Do You Need To Start An Online Business
20. August 2008
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Taking it for granted that you know the business basics and have a product or service with good potential, let’s look at what you need to start an online business. • You need start up capital. Don’t be fooled by all the talk of low start up costs. Sure you may not need to spend [...]
Continue reading...Are Design Customers Price Sensitive?
7. July 2008
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Over the years we had experimented with a lot of pricing models and never could really understand how the design customer thought in terms of price for the designer services he/she wanted. When a design customer wants a design service – logo design, website design, graphics, marketing material etc, they are less likely to spend [...]
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11. September 2008
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