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How to Buy a Business

Wednesday, April 13, 2011

Buying a business is easier than building one yourself but it has its own challenges. Despite the fact that buying is a more expensive proposition than building (or should be if it's any good!), banks will see it as a safer option because they can look at the business's track record as a guarantee for future earnings to pay them back their interest and capital. Read More

New Storefront is Search

Wednesday, April 13, 2011

One of the first things a retail business considers is its front window display. It is the visual hook that will entice potential customers to walk into the shop, browse through stock on the shelves and make a purchase.

These days businesses of all kinds are finding that they are making more sales to customers that have found their shop through the internet rather than on foot. It makes sense that businesses spend their attention and money proportionally on the storefront that is attracting the most sales, even if it's a virtual one. Read More

Skills for Entrepreneurs

Wednesday, April 13, 2011

The desire to start your own company can have several motivations. A desire to make money or to change the world, the urge to be in control of your employment, or the ambition to test out a great idea.

Unfortunately, becoming an entrepreneur takes more than a single good idea. Motivational speakers come up with favourite lists of essential qualities of successful entrepreneurs but within those there are some basic requirements Read More

Identity Theft and You

Wednesday, April 13, 2011

Of all the things one can lose, your identity doesn't sound as traumatic as being mugged for your wallet. The truth is that identity theft can be extremely expensive and inconvenient, and could impact not just yourself but your family and your firm.

The definition of identity theft is quite broad. The most common is when someone takes your credit card details and starts signing purchases in your name. Few store assistants bother to check signatures these days and many card issuers are moving to PIN numbers as a result. Read More

How to Retain Good Customers

Tuesday, March 08, 2011

When times get tough, the cost of sales goes up. Potential customers are less likely to want to talk to a salesperson because they are in a fiscally conservative mindset. In recent months you may have heard the phrase “retention is the new acquisition”. This simply means you're doing well if you can hold onto your customers. And of those, make sure you hold on tightest to the best ones. But how? Read More

Time to Clock On

Tuesday, March 08, 2011

A hallmark of the industrial revolution was the punch card system. Factory workers clocked on and off by getting their cards stamped by a clerk or later by machine. The manager knew exactly how much time each of their staff had spent on the job by looking at their stamped times.

Some modern workplaces feel like they are operating under a similar framework. The boss sits there watching the clock in the morning and noting down when every employee dawdles in. Read More