Monthly Archives: October 2012

5 Steps to Giving Back

What ways can we share our wealth and resources with those around us? If you are on the East Coast there are a variety of options now! http://bit.ly/WYJBvN

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Creative Thinking: The Entrepreneur’s Asset

Every so often there is an event that causes us to stop our activity and demands our attention.  The hurricane and subsequent damage that took place in the last 48 hours is one of those events.  An entrepreneur who has some … Continue reading

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Pricing Strategies

One of the big questions a small business owner will ask is how to create a pricing strategy built for profit-making.  Often we see one of two options. 1) a business’ pricing matches what is currently in the market or 2) … Continue reading

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How To Be An Entrepreneur: Know Yourself

Instead of a step by step ‘how to’ list, let’s look at a broader picture.  No one fits in a box and if you are looking at starting your own business, you probably don’t want to. What is this picture? … Continue reading

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Business Development Stage 11: Growth

Our 11th and final stage of small business development is growth.  Simply put, if your business is profitable it will grow. For the small business owner doing more of what you are currently and increasing your customer base and distribution will … Continue reading

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Business Development Stage 10: Profitability

Stage 10 of small business development is the natural result of having effectively completed steps 1-9.  You will find your business working well and bringing in profit. Do not hesitate to revisit the information in Stage 6: Operations if you have … Continue reading

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Business Development Stage 9: Sustainability

By now you are operating, managing, and have achieved predictability in your business.  The next stage of business development is sustainability. It will take about another 6 months from stage 8 to reach this point.  Sustainability means you will be breaking even. … Continue reading

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Business Development Stage 8: Stabilization

A business owner has entered small business development stage 8 when business becomes predictable.  You may not know exactly what your sales are, but should have an idea of what they are at a minimum. It will take about 6 months to reach … Continue reading

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Business Development Stage 7: Management

During the management stage of business development you will provide analysis and adjustment.  Now that there is an incoming cash flow, ongoing analysis is needed to maintain and grow your business. Your goal during this stage is to ensure proper utilization of resources.  … Continue reading

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Business Development Stage 6: Operations

Stage six of small business development is the stage where you conduct business.  At this point you should see an identifiable and possibly significant cash flow.  Since you are in the beginning stages of operation this usually does not mean … Continue reading

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