| Small Business Trends of 2010 |
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| Written by H. Esme | |
| Tuesday, 19 January 2010 | |
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Page 2 of 3 Giving a Little to Get a LotMost small business owners are so focused on making money that the idea of giving money away is unlikely to be incorporated into the business plan, but philanthropy is working for numerous small businesses. Many small businesses are growing and thriving because they have business models that are created on the idea of philanthropy. However, it’s not always financial philanthropy that cultivates success. Social philanthropy is booming. There has been a surge in the number of businesses that cater to helping other businesses and people thrive. For example, there is a rise in small businesses that help entrepreneurs increase productivity, gain more exposure, and solve issues that may be keeping their business from moving forward competitively. On the other hand, financially philanthropy has become the business model for some. Tom Shoes, a shoe and accessories retailer is the best example of a business that gives a little to get a lot. The business started in the apartment of a compassionate entrepreneur that decided he would give a pair of shoes away for every pair that he sold. Today, Tom’s business is a multi-million dollar empire that has managed to branch into other areas and products. Philanthropy is often born out of poverty. As financial speculation and uncertainty remains throughout 2010, the business model of giving to get will also remain. Global economic trends don’t just play a role in the economy, they also play a significant role in what small businesses are doing. |
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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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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 |
