Articles

One of the most useful measures for your small business is it's operating cycle--the time it takes for the cash you spend to return to your pocket. 

Industry profiles are a valuable addition to your business plan. Use them to understand your costs, competitors and for ideas on how to improve your buisness.

Is your business where you wanted it to be? Could it be better? It's never too late to write a business plan.

82% of the population has at least one credit card. They are essential for many businesses.

Do you just grin and bear it, or can you manage these costs? 

Your prospect isn’t happy with the price. You want the business but you don’t want to lose money on it. Knowing your break-even point and profit margins helps you set realistic limits for both you and your prospect.

Succesful small business owners never stop learning and never stop looking for new ideas. It's a matter of survival.

Every small business is a member of a sector, an industry and an industry group. Classify your business by comparing and contrasting industry descriptions. 

Need a bench mark for yourself and your competitors?  Two of the 20 most popular businesses are profitable for only half of the owners.

Every day a business has expenses. Sometimes the money comes in and sometimes it doesn't. Similiar types of businesses have the same good and lean periods. Learn how to spot these patterns and what you can do about them.

Is the type of small business you are in more critical to your success than where you do business? Real estate agents say the three most important things about a house are location, location and location. Is the same thing true about your business?

There are over 31 million businesses in the United States.

Over 70% of small businesses have lower than average revenues. The most profitable businesses aren't the most popular ones.