Running a solo business brings all the glory and all the grief. On the one hand, the business owner is free to make every decision. On the other hand, he or she bears the burden of performing every last task. Here is a list of some of the challenges associated with solo entrepreneurships, […]
Author Archives: Gary Barzel
Does Your Small Business Need an Accountant?
As a small business owner, keeping overhead costs to a minimum may be top priority. So, when it comes to accounting issues, it may be tempting to tackle the job on your own rather then spending precious capital on hiring a professional accountant to do the job. But is this really a wise move […]
How to Detect Theft in Small Business Accounts Payable
When times are tough, people can get disparate…. As the economy huffs and puffs along, it has left in its wake a surge in business theft, and this trend has had a disproportionate impact on smaller businesses. According to the Association of Certified Fraud Examiners (ACFE), employee theft at businesses with less than 100 employees […]
The “Cost” Of Outsourcing: Funny Cartoon
Sometimes in an effort to cut costs, free up time, and conserve resources we can loose sight of our own internal strengths and capabilities. Before outsourcing any processes or tasks to an outside third party, make sure to take stock of those areas that should remain in-house.
Five Consumer Trends That are Changing our Economy
In the begining, when Americans were still reeling from the after shock of a freshly burst credit bubble and a crash in the housing market, to mention the term Recession felt almost dirty. Only the brave few dared to mention the “R” word for fear of persecution or being labled as a doomsday party-pooper. Most […]
Why Investing In Your Employees Makes Good Business Sense
Is investing in your employees good for business? According to a new report, “Profit at the Bottom of the Ladder,” (Harvard Business Press), the answer is unequivocally, “Yes.” Jody Heymann, who led the study behind the report, researched twelve companies in nine countries. Every company had policies that improved conditions for their lower-level workers. […]
Why Conferences & Tradeshows Are Crucial to Small Business Developement
These days, while many small business owners are dealing with tightened budgets and strained cash flow, heading for the latest conference may seem like an unnecessary luxury. It’s hard to justify taking time away from work, paying for a hotel, food, and travel expenses. Yet, hobnobbing at conferences and tradeshows could infuse your business with […]
Tips for Running a Global Small Business
The US economy is still on the slow road to recovery, and no one is more aware of the fact than those small businesses owners who have watched their customer base dwindle. In response, many enterprising small business owners are considering expanding into international markets. In recent years, growing economies like China and India […]
And the Winners of the Small Biz Bill… Big Businesses!
Throughout much of his tenure, President Obama been lending a significant amount of lip service to the idea that America should be investing in its small businesses. Since the onset of our current economic difficulties, small businesses have disproportionally been suffering from the overall slowdown in consumer spending, leading to less cash flow and poor credit- two factors that have effectively crippled many […]
Credit Card Companies Quickly Adapt to New Legislation
No one can say that the credit card industry isn’t resourceful. The Credit Card Accountability Responsibility and Disclosure Act, which was enacted in 2009, was meant to reshape consumer finance. The new legislation stipulates that card issuers must give customers more notice about interest-rate increases. It also restricts problematic billing practices, such as inactivity fees. […]