| Small Business Trends of 2010 |
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| Written by H. Esme | |
| Tuesday, 19 January 2010 | |
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Page 1 of 3 Each year, thousands of people use their creativity and innovation to start a small business. People start small businesses because they want to work for themselves and offer a product or service with their own personal touch. Others create a small business because of personal or financial reasons. When people find it difficult to secure new employment, creating a small business provides a new entrepreneurial path that can be a fulfilling and exciting journey. There are certain ingredients needed to create a successful small business. Some of these ingredients include a dash of business savvy and a determination to succeed. Small business owners also need a clear understanding of business trends.
The Social Media EraOne of the largest small business trends is the growth of social media networking sites. These sites present a new era of internet. Entrepreneurs have to use social networking tools if they expect their businesses to go to the next level. Some of the leading examples of social media sites are Facebook, Twitter, YouTube, Slideshare, and Flikr. The growth of these sites has exploded. Social networking sites have become such an integral part of culture that these sites are spilling over into businesses. Businesses are using social networking technology to make their products and services more enticing to users and create exposure for themselves. By using the right sites, companies and small businesses are creating blogs and videos that lure in new customers and open up the possibility of gaining media attention on a shoestring marketing budget. These sites open the doorway to more visibility and draw the attention of demographics that small business owners could only dream of reaching years ago. The trend of social networking has dominated 2009 and will dominate 2010. It’s not expected to go away anytime soon. Entrepreneurs will likely see this trend evolve and grow even more domineering in the future. The old school version of this trend was when small business owners simply used the telephone, word of mouth, or even the postal system. Today, social media rules. |
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The Importance of Incorporation??Thursday, 03 July 2008 | Joe Doyle Those wanting to start a business or entering into a business venture initially have an important decision to make: “Incorporate or not to incorporate, that is the question?” Those creating or running their own business have four basic structures to operate under. The entity can operate as a sole proprietorship, partnership, LLC or a corporation. These structures will be discussed in a bit more detail below.+ Full Story | The Pros and Cons of a Business PartnershipMonday, 23 June 2008 | Shawna RuppertThere are great benefits to be reaped from starting a business from a partnership rather than a solo perspective, but there are limitations as well. When deciding on whether or not to start a business as a partnership it is important to carefully weigh the pros and cons to see if this is going to be the best option for your company’s success. + Full Story |
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| Motivating your teamMonday, 26 May 2008 | Jill Marshall
Every thriving business is held buoyant by a team that works well
together, and the only way a team becomes successful is if they're
motivated to succeed.
+ Full Story | Becoming a business analystMonday, 26 May 2008 | Jill Marshall
Are you a technical buff? Consider
yourself somewhat business-minded? Believe it or not, these qualities
need not be channeled into separate careers.
+ Full Story |
| Efficiency RatiosMonday, 26 May 2008 | Sunil Tinani
Is the company employing its assets
efficiently? Or, are they being underutilized much to the
shareholder's agony? Here is how you can find out:
+ Full Story | Profitability RatiosMonday, 26 May 2008 | Sunil Tinani
These ratios measure how skillful a
company is at generating profits.
+ Full Story |
