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The Resource Center has all the info you'll need From content to user feedback, the resource center has the information you need for every level of the entrepreneurial process.
Financial benchmarks for entrepreneurial ventures are a good way to measure performance by comparing your organization to industry standards. Whether determined by using online resources, information from relevant trade associations or governmental agencies, or in consultation with a private financial advisor, this practice can impact bottom-line profitability and shape corporate strategies for growth.
Innovative ideas that come to reality require legal protection. Establishing a copyright, patenting, licensing, branding, and other issues related to intellectual property must be addressed , and many times require professional assistance from an attorney or other professionals. This guide includes links to specific resources and FAQs. A great introduction to the topic!
Understanding market competition is an integral part of establishing a viable business strategy. Used for both short- and long-term purposes, business intelligence can inform decisions related to pricing, advertising, marketing, and branding. Public and private resources, as well as professional research services, are profiled here. And there are several additional links for you to gather competitive intelligence on competitive intelligence.
Running a growth enterprise may require expanding operations through the acquisition of additional space, new employees, and more equipment. Suggestions and links provided in this article focus on: commercial leases, "nearly new" furniture, payroll services, and much more.
The Guide is intended to assist those firms seeking to do business with the Department in identifying procurement opportunities within the Department. The Guide is issued by the Office of Small and Disadvantaged Business Utilization (A/SDBU). The Guide includes: procurement program and acquisition policy, points of contacts, potential subcontracting opportunities, listing of all Federal Officers of Small and Disadvantaged Business Utilization.
Many entrepreneurs do not adequately track financial operations in their own companies until they experience substantial growth. At that point, it can be difficult to put sufficient controls in place. This article identifies best practices, online resources, and software solutions for maintaining an accurate financial picture.
Investing in equipment for your company can be expensive. If funds are tight, you can opt for purchasing pre-owned equipment and tools rather than new. This guide provides tips and links on this topic, including advice on getting equipment via auctions, dealers, and over-stocked inventory.
Implementing an effective inventory management system can provide: reduced carrying costs, improved ordering and order flow, reduced waste, access to inventory, and increased customer satisfaction. Included in this guide are no-cost links from the Small Business Administration and other government-funded resources plus quick-read, practical suggestions.
Retaining customers by rewarding them may not only drive sales during slow seasons, but can also build targeted sales the rest of the year round. Marketing the program to the most committed shoppers can yield higher profitability, as well. This guide includes links to specific resources for analyzing purchase patterns, marketing the launch of a new program, and measuring the results.
Business planning experts suggest that entrepreneurs plan for their exit from the company during the initial phases of the process. It is important to consider personal and financial goals, as well as how the value of the business will be determined at the point of transition. This article includes links to tools and templates to make a well-informed decision.
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