What to Watch Out for When House Hunting

Buying a house is one of the most important decisions in anyone’s life. It is a big commitment that will have implications for a long time. There are number of nuances you need to consider when purchasing a house, not to mention making sure everyone in the family is satisfied with the decision. This can make anyone a little intimidated when embarking on a house hunting journey. However, when you understand how the process works, you can then make it into an enjoyable one instead of stressful. Here’s an easy guide that will make your life a lot easier.

[Read more…]

Small Business Owners: How Can You save Money on Telecom and Credit Card Fees

Sponsored Post


Every once in a while I come across a service that can save small business owners significant amount of money without them having to spend much time and effort. On surface they may appear to be too good to be true, but many times these are really genuine people providing their expertise in specialized areas in exchange for a share of the savings.

[Read more…]

The Best Cars for Entrepreneurs Who Are Always on the Move

For entrepreneurs, having the right set of wheels isn’t just an essential means of getting from point A to point B, but it can also be a status symbol and something that many business owners use to celebrate their hard work and success. And, as a successful entrepreneur who’s worked hard to get your business to where it is today, there’s absolutely nothing wrong with wanting to invest in a nice car to reward yourself for your achievements. But, when it comes to choosing a car for yourself as an entrepreneur, don’t forget to take into account how much driving you do for business. With many entrepreneurs driving quite a bit to get to meetings, networking, and more, having a suitable car which can go the distance and still look smart is essential. We’ve listed some of the best cars for entrepreneurs who travel a lot:

[Read more…]

3 Tips to Choose the Perfect Vehicle for Your Career as a Taxi Driver

Any taxi driver who is new to the industry will be eager to get on the roads and start their new career. However, it is crucial that you do not rush the process of choosing the perfect vehicle for the job. The car that you use is the most important aspect of your profession and will be vital to your success.

With the right vehicle, you will be able to safely and efficiently deliver your customers from A to B, plus it will also be comfortable and enjoyable for you to drive. Here are most important factors you need to consider:

[Read more…]

4 Important Attributes to Consider When Purchasing a Vehicle for Business

With so many options available to you, finding the right car for your business can be difficult. Since most small startups are working on a strict budget, they can’t afford to pay for all of the additional features that many manufacturers try and entice you to buy either. Fortunately, there are still some basic models that come fitted with the kind of technology you’ll need as standard. Here are 4 important attributes you should consider when purchasing a new vehicle.

[Read more…]

How to Revitalise Your Salon Business for Next-to-Nothing

How to revitalize your salon business
Get your salon equipment right, and the rest will follow. Of course, all stylists are looking to strike a balance between low cost salon equipment and high end products, but there doesn’t necessarily need to be a trade-off between the two.
You can save money and retain your favourite supplies – it’s possible! But it’s also possible to get creative with your boutique’s budget. Read on for more information on how to revitalise your salon for next-to-nothing.
[Read more…]

Your 90-day Action Plan after Buying a Business

The actions you take in the first 90 days after you have purchased a business are crucial for its long-term success. We showed what things you need to take care of in the first 30 days after you buy the business. I asked you not to take any major decision in that time, but to learn and document everything about the business by asking questions and observing. By the end of 30 days you should have a plan of action to improve the business in the coming days and months. The plan of action needs to fall in two categories – short-term tactical improvements and long-term strategic direction.
Your focus in the first 90 days should mostly focus on short-term improvements. The idea is to get quick benefits by taking advantage of “low hanging fruits”, while at the same time keeping long-term direction in mind. These steps you take in the first 90 days will position your business well for coming months and years.
[Read more…]

7 Common Mistakes that Impact Cash Flow and How to Avoid Them

Cash flow is a lifeblood for small business. Fail to plan properly for the month-end cash flow needs and you will start losing your sleep when the time arrives to write paychecks for employees or to pay vendor bills. That’s why it is very important to keep a keen eye on money coming in and going out, and plan for those times when you will need sizeable cash outflow. Not only that, but you have to take into account unexpected emergencies that will force you to spend money here and now. In earlier post, we showed how managing your inventory, account payables and receivables can help you better manage your cash flow.
In addition to those tips, you should also look at the obvious as well as not-so-easy-to-find ways in which small business owners squander cash and end up in dire situations. Here are examples of the mistakes many small business owners make and how you can avoid them.
[Read more…]

Framework for Deciding What NOT to do

In the previous post we highlighted that the most difficult decisions you will ever make are the ones where you decide NOT to move forward. By focusing your resources and energy on narrowly you can achieve number of benefits and get higher return on your investment of time, money or effort. We mentioned how Apple has succeeded to become the most valuable company in the U.S. by applying this principle, while GM had floundered by spreading resources over multiple brands with lot of overlaps.
You should use this approach in decision making every step of the way. If you take a step back and think about the decision in terms of cost vs. benefit of the current choice and evaluate it against alternatives you can improve the odds of making the right choice. You can use this principle in number of different areas as shown below.
[Read more…]

15 Simple Cost Reduction Techniques for Small Business Owners

In the previous post we showed a systematic approach you can use to reduce cost in small business while still keeping your foundation intact allowing you to take advantage of the upturn in economy when it happens. We suggested that you should take surgical knife approach to cost reduction as opposed to using machete.
By applying this approach your business may come up with tactics that will be different from some other type of business. You have to tailor the systematic approach to your business and situation. However, there are common tactics that can be employed by almost all types of businesses. Below we describe those techniques categorized by stages in the cost reduction approach.
[Read more…]