Author: onEntrepreneur

Hire purchase and installment systems are both methods of purchasing goods or assets on credit, but they have some key differences. Hire purchase and installment systems are both common ways…

Many businesses rely on materials and services produced overseas in today’s interconnected industries and distribution networks. This is so they can stay competitive and even have the edge over other…

Interest also plays an important role in determining the overall cost of borrowing. The higher the interest rate, the more expensive it is for borrowers to access the funds they…

Hosting your business at home instead of in an office offers a number of benefits for entrepreneurs. Not only can you avoid the costs associated with leasing and maintaining a commercial space, but…

Your day begins with a loud noise, maybe an alarm from your cellphone or from some obnoxiously loud source outside your window. You groggily rub your eyes, slowly awakening with…

Traditional marketing focuses on acquiring new customers through individual sales. In contrast, relationship marketing is the employment of strategies that develop strong relationships with existing customers, which ultimately contributes to long-term business success…

Operating a home-based business allows entrepreneurs to be their own bosses while developing products and services that matter to them. While the idea of escaping the stress and competition of the traditional office setting…

Approximately 792,000 franchise businesses are predicted to exist in the US in 2022, producing an estimated 827 billion USD in economic production and employing close to 8.5 million people. As…

As more entrepreneurs look to launch business ventures in increasingly crowded and competitive industries, many owners realize that using innovative business models can mean the difference between success and failure. The freemium model, which…

Starting your own business, especially one that relies on your knowledge or experience instead of selling a physical product, can be highly rewarding, but it’s also pretty tough. You want to…

Getting to the point where you can hire new employees is exciting. It means you’re succeeding—or at the very least growing—and that you need to increase your manpower to continue that success. You want to…

Starting a home-based business is an alluring prospect for many entrepreneurs. You have the option to work for yourself, make your own schedule and do the kind of work you’re interested…

Most entrepreneurs already have an excessive amount of enthusiasm for their businesses. This enthusiasm lends itself to developing a fair understanding of how the worlds of sales, marketing, mergers and meetings work. However, any…

You most likely understand the implications of starting your own business. A large amount of risk is definitely involved, including the potential for severe financial setbacks, but above all, you need…

Do you learn better using visual tools, auditory tools, both or none of the above? The methods people employ to most effectively learn, teach and retain information have spawned countless…

Scenarios, in simple terms, are possible and plausible pictures of the future. Within the corporate world, scenario mapping (also known as scenario planning, reality mapping or design mapping) is a method used…

As an occupation, sales is not for everyone. Becoming great at it requires a willingness to put yourself out there, learn the ropes and be consistent and persistent. But if you can master these…

Every business has one goal in mind: to sell things. Whether you’re selling big things like cars, small things like jewelry or intangible things like your expertise, you must work…

Of the many gifts given by social media, none may be so fruitful as the ease of use for people to create and share their own work, especially if it features…

Successfully running a business partnership can be complicated, as there are lots of things to consider when operating a business with another person. There are many critical decisions to make,…

No matter how terrific your idea or service is, your business won’t get off the ground without adequate funding. Business startup costs can vary, but it’s fairly safe to say…

As nearly every ambitious company knows, its growth potential lies in its business development efforts. Although business development seems like an easy concept to grasp on the surface, there are subtle nuances and finer…

In this article we are going to discuss the meaning and differences between Black Hat and White Hat SEO practices. If you want to grow the customer base of any…

While it was once commonplace to remain at a single company for an entire career, the market has changed, and these days most of the workforce changes jobs with some…

What Are Accounts Receivable? A healthy balance sheet in your business will always include an “accounts receivable” section under “current assets.” Accounts receivable is the money that customers or clients owe for…

To protect the health of your business, you must closely monitor your operating expenses in order to ensure that you are running efficiently enough to be profitable. Your operating expenses are pretty…

When you’re starting a business, it is essential to have a handle on how much seed money you will need to get it off the ground. Typically, businesses need investments early on in order to…

While people often use the terms interchangeably, the roles of “executive assistant” and “personal assistant” vary greatly. If you are looking to hire an assistant, the preceding qualifier you use in…

The practice of accounting is probably one of the oldest in relation to business. For as long as people have traded goods and services for money, they have needed accounting standards to…

The success of your business is heavily contingent on the types of business development activities you spend your time on. Whether it’s prospecting through social media or following up on warm leads,…

Taking a vacation as a small business owner and leaving the company in the hands of its workers can be difficult and a bit intimidating. Because of this, many owners…

Maintaining an appropriate amount of inventory is directly related to a business’s profit margin. Your supply of goods needs to adequately meet the demands of your customers. If you produce too little, you will…

Apple’s range of smartphones, namely the iPhone lineup, has been a rage among the masses globally ever since the first model came out in 2007. Every year, the global tech…

Business travel can take many forms. Whether it’s to meet with prospects and clients, to attend industry conferences for networking or to enroll in a business seminar, travel can sometimes…

Billionaire and renowned investor Warren Buffett once said, “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business.” Most entrepreneurs…

When it comes to asking the bank or an investor for money to sink into your small business, few things are as important as the financial section of your business plan. It demonstrates how financially…

In its simplest terms, a business model is a plan for how your business will make money. It outlines how you plan to cover your expenses and how your business will become…

You might pride yourself on being a risk-taker, the kind of person who doesn’t feel the need to plan. And while agility and adaptability are critical skills in today’s business…

Finding top and qualified candidates for open positions is only half the battle. The other half is offering the types of compensation and benefits that will entice these candidates to join your…

A managing partner is a salaried position given to a senior partner or shareholder, most typically in a law, consulting, financial or accounting firms. His or her duties are similar to a chief…

Paying special attention to intellectual property (IP) rights can prove to be an effective strategy for marketing your company’s product or service. When taking a product or service to market, an understanding of IP can help…

Whether you’re new to freelancing or someone who’s been self-employed for decades, you probably know that tax season can bring with it a great deal of financial uncertainty. Unlike traditional workers, contractors don’t have…

Most business owners would agree that pricing is one of the most important elements in the marketing mix. Because it costs money to produce, promote and distribute products, pricing must be able to…

There are a lot of reasons to start a business, but fundamentally speaking, there’s only one way to stay in business: To make a profit.  In order to make a profit, you have to…

An important part of starting or expanding a business is drafting a solid business plan. Each aspect of this plan is crucial in not only charting the projected path of the business but how it…

Market research is a critical part of launching and running any business. Proper research can tell you who your customers are and what those customers want. It involves answering questions like “Who will…

Starting your own business is an exciting and daunting task, especially if you’re considering tackling the new venture on your own. But as you get closer and closer to truly putting your…

There are seemingly innumerable ways to judge the health of your business, and calculating profit margins and ROI are among the favorite methods. But there are other metrics you can…

Because each party has so much invested in the end result, a job interview can feel like a minefield for both the interviewer and the interviewee. It’s easy to lose…

In a world of online connections and instant access to information, you may be tempted to neglect the idea of a tangible business card. But that would be a big mistake.…

Have you ever considered going into business with your husband or wife? Perhaps you and your spouse have long dreamed of opening a business together, or maybe you just started discussing the…

Exhibiting at a regional or national conference is a great way to increase the visibility of your organization among a very targeted audience. However, walk any exhibition floor at a large conference, and…

Press releases are a well-recognized way for businesses to spread the word about their company, employees or products. They have long been preferred by many organizations due to the fact that…

If you haven’t yet considered registering for a “Doing Business As” name (“DBA” for short and sometimes called a “fictitious business name”), now might be the time to do so. A DBA…

Companies are always looking for ways to motivate employees to think bigger, act faster, be stronger and stick around longer. While there are a variety of ways to do this, one…

Offering healthcare enables small businesses to stay competitive in the job market while complying with the requirements of the Affordable Care Act. However, with so many healthcare options available, choosing the best…

When starting your business, the choice of whether or not to create a legal business entity can be bewildering. Do you operate as a sole proprietor? Maybe take on a partner? Or do you go…

While you may think your products or services are the best on the market, that opinion is only your perception of them. Unfortunately, it’s your customers’ perception of your offerings that determines their prices…

One of the most challenging responsibilities for small business owners might be setting the appropriate price for goods or services. If prices are too low, you kill your chances of…

Shipping can be a challenge for small business owners without access to larger competitors’ resources. This is evident at the local level, and it’s exasperating when companies try to expand…

You’ve done some soul-searching. You’ve dug deep and analyzed every facet of your business, and you’ve come to the hard realization that something about your brand doesn’t work. It may be hard…

In some offices, the workplace is looking less like the stereotypical unwelcoming space of the past and more like a place that resembles a home or popular social spot. From…

Fearless entrepreneur. Genius marketer. Visionary inventor. These are some of the words that have been used to describe Steve Jobs, co-founder of Apple Inc. Nearly four years after his death,…

Without contacts, there’s no one to call. Without anyone to call, there’s limited room for growth. Therefore, networking is your means to building your own personal phone book and unlocking…

In 1986, Motorola developed a set of techniques and tools to minimize variability in manufacturing and improve business processes. Known as Six Sigma, this business methodology seeks to improve not only…

The decision to hire new staff is often a challenging one to make. Most owners faced with this type of expansion are hesitant to act, citing the costs of both…

Arguably, the ultimate goal of a business should be to please its customer. A happy customer equals more business, and more business equals profit, growth and longevity. But having happy…

Independent contractors (ICs), many of whom consider themselves freelancers or consultants, are booming across many industries. ICs can be beneficial additions if your business is picking up steam, especially if…

Remember the time when you were applying for college or grad school and recommendation letters were required? Well, references can be just as useful when seeking a job and are…

“If you fail to plan, you are planning to fail” -Benjamin Franklin Creating a thorough business plan for a new or evolving venture is essential. A convincing blueprint is a…

Why do you need to write a business plan? Well, for starters, an effective business plan can help you acquire funding from investors and banks because it demonstrates that you have done some research and thought about marketing,…

Everyone knows how important it is for a business to maintain best practices for company finances. While faults in customer service or marketing can hinder your business, accounting mistakes can stunt your growth and leave your company…

Do your family and friends incessantly ask you to bring those delicious cupcakes to get-togethers? Are your brownies the talk of the town (in a good way)? Do you make…

So goes the popular saying, “It all starts from the ground up.” This is especially true when starting a construction company. While you may think it’s necessary to be a…

There are many elements to figure out when building your brand. But when it comes to creating visual assets used to promote your brand, color should be a big consideration.  Colors…

Brewing beer often begins with a home-brewing kit and slowly ferments into a passionate hobby. Being able to convert this hobby into a career is an intoxicating prospect for many,…

When rival companies step on your toes by offering the same product for a lower price, the easiest solution is to match their number or go even lower. But that’s…

Whether you’re a business owner or executive looking to hire your first employee or your 50th, you’ve probably heard the popular catchphrase, “Hire Slow, Fire Fast.” This mantra, which has…

Have you received a direct message on your social media platform like Facebook, Twitter, Instagram, or Telegram where the sender reveals their trust wallet key and asks for assistance in…

Real estate is an important asset for any business to have. It is the most important investment that a business can make. The location of a property matters a lot…

A business idea checklist for evaluation and decision-making might be helpful for someone who wants to validate a business idea and has to convince partners or authorities of its viability.…