Tag "small business"
Investing in a small business requires ample resources, namely capital and financing to get your business started. For many prospective business owners, money is in short supply what with home prices still way off from 2007 highs and available equity diminished accordingly.
Why is it so difficult for small businesses to raise capital? There are a number of reasons including an unproven business model, a sketchy business plan, a lack of personal capital, and the simple fact that a significant number of new businesses fail.
The quest for a paperless office is nothing new: as far back as the 1960s, businesses were looking at ways to transfer data electronically. Those limited and complex systems of yesteryear are gone, replaced by far easier to use and sensible systems for remitting purchase orders, invoices, payment terms and other documentation.
Your small business has weathered its ups and downs, but the slow economic recovery has caused you to rethink everything. No longer can you expect robust earnings month over month — indeed, just turning a profit can be a big challenge with rising regulations, health care costs, and sharp competition weighing in.
If you have ever considered working for yourself you’ll be joining tens of millions of Americans that have ventured out on their own. Many started their businesses on the side and, once firmly established, quit their regular jobs to devote full attention to their budding enterprises.
To carry out your business’ operation you need employees whom you can trust. Sharing information about your business without your authorization can damage your company, perhaps through exposing trade secrets to a competitor or sharing new product strategy.