In every micro business, entrepreneurs will learn the sometimes harsh lesson, you have to spend money to make money. The success of your endeavors doesn’t just rely on your profit to loss margin, but your sales to cost margin as well. Yes, the two are linked together financially, but you must realize that one is large scale and the other is micro scale. You could make a profit for one month but in that same month you decided to purchase stock of another business to invest elsewhere. That would mean, you would incur a smaller profit or even break even. Sales and costs refers to product inventory. How much did you pay to have your products made and how much did you make from selling them? This is the meat and potatoes of any business. Here’s how you can keep track of what you’re doing. … Read More »

The type of real estate business you run will certainly be affected by the upcoming advances in real estate technology, but how can you adapt to these new conditions and how will it ultimately change your workflow? … Read More »

Once the brand starts to expand, it's important to go to far-flung places and meet the buyers and shakers that can boost your bottom line. But, it's not all fun and games. Yes, you might get to work from the beach with a pina colada to hand, yet you still have to ensure the fundamentals tick along without a hitch. … Read More »

If you have a product, you need to take it out in the world and show it off. There are many ways that you can do, both in the real world and online. The aim of the game is continuing to find new customers and to put your product in their hands. You need to take your business further and keep on moving forward. … Read More »

When you’re trying to run a business and make it super successful, you need to have a sound workplace. It’s been the case right from the start, and it will continue to be that way forever. You cannot expect to get stuff done in a terribly unproductive environment. Even when you first started planning everything, it was probably done in a study or home office-like area with minimal distractions impeding you from making progress. You continue that same attitude throughout any work that you do from then on. … Read More »

When you’re in the business of creating products and handing them out to people in exchange for lots of money, you want to make sure that every part of the process is next to flawless as you’ll need customers to keep on spending. You’ve probably had heaps of experience in selling stuff by now. Perhaps you started out making a few bucks through eBay and Amazon before moving up in the world and creating something for yourself. … Read More »

When running a business, there is already so much to do, from trying to keep your customers happy, keeping your employees happy, making money and worrying about the competition that is a lot going on. Then to have to think about the risks that you face as a business and customers complaints. So, if you are a small business, then you need to protect yourself and here’s how you can do that. … Read More »

Every entrepreneur wants to do what is best for their business, but not every entrepreneur succeeds. You have to think about more than the present day. If you want your company to make it, then you need a long-term plan of action. Of course, that’s easier said than done. You have to build up hype for your brand over time. The longevity of a business depends on its reputation, so we’re going to talk about how you can improve yours. … Read More »

As your business starts to grow you gain more and more opportunities, you will find that you need to hire suppliers to help you. Whether you’re hiring someone to assist you at an event or you’re using a supplier to create your physical products, you need to consider how you can use external businesses to help your growth. Although it may not have been something you have had to consider before, it’s a great way to take a weight off of your shoulders as a business owner. With that in mind, here are 4 suppliers you may need to hire. … Read More »