Helpful Articles 2017-10-20T16:27:21+00:00

Most Recent Articles for Entrepreneurs

  • A happy woman receiving small business coaching

Small Business Coaching Traits to Consider in a Hire

October 20th, 2017|0 Comments

Small Business Coaching Traits to Consider in a Hire Whether you are thinking of taking on a new employee, growing your business, or overcoming some other business obstacle, small business coaching can make a positive [...]

  • Leadership Skills, Leader

How To Improve Your Leadership Skills

October 13th, 2017|0 Comments

How To Improve Your Leadership Skills It does not matter where you are in your profession at the moment, there will be a time that you'll be given an influential position in a group [...]

  • Business Loan Application

How to Get the Lowest Small Business Loan Rates

October 9th, 2017|0 Comments

When it comes to small business loan rates, getting the best rate often comes down to preparation and opportunity. As Oprah Winfrey said, “I believe luck is preparation meeting opportunity. If you hadn’t been prepared [...]

More Helpful Articles

2010, 2017

Small Business Coaching Traits to Consider in a Hire

October 20th, 2017|0 Comments

Small Business Coaching Traits to Consider in a Hire Whether you are thinking of taking on a new employee, growing your business, or overcoming some other business obstacle, small business coaching can make a positive impact in your company. A small business coach's job is to help their clients get on the right track and [...]

1310, 2017

How To Improve Your Leadership Skills

October 13th, 2017|0 Comments

How To Improve Your Leadership Skills It does not matter where you are in your profession at the moment, there will be a time that you'll be given an influential position in a group where you will be required to show your leadership skills to help others to achieve a specific goal. A leader, [...]

910, 2017

How to Get the Lowest Small Business Loan Rates

October 9th, 2017|0 Comments

When it comes to small business loan rates, getting the best rate often comes down to preparation and opportunity. As Oprah Winfrey said, “I believe luck is preparation meeting opportunity. If you hadn’t been prepared when the opportunity came along, you wouldn’t have been lucky.” Looking for investment procurement assistance? Get a free 15 minute [...]

2808, 2017

Invest in Yourself… Buy Time

August 28th, 2017|0 Comments

Invest in Yourself... Buy Time I was just about to get out of my car when the radio mentioned a study about buying free time being linked to happiness. When I think of my life, I find it so true. My experiences is also one of the reasons I encourage you to invest in yourself. [...]

1707, 2017

5 Steps to Writing Your Personal Vision Statement

July 17th, 2017|0 Comments

5 Steps to Writing Your Personal Vision Statement I was working with a client recently and thinking how easy it is to stray off topic. I think of them as squirrel moments. We think about a small detail of an issue and get wrapped up into it. We can get so engrossed about [...]

2806, 2017

Give Yourself the Best Small Business Start

June 28th, 2017|0 Comments

Give Yourself the Best Small Business Start With the failure rate so high, you'll want to give yourself the best small business start that's possible. Today, I'm providing you with two areas to narrow your focus, so you can put your business in a position of success. Profitable Idea Prior to even starting a [...]

2606, 2017

4 Ways Startup Business Loans Save You Money

June 26th, 2017|0 Comments

4 Ways Startup Business Loans Save You Money Getting a loan for a business isn't right for every entrepreneur. However, when done correctly, you can cave money with a startup business loan. How? you may ask... I'll share with you how startup business loans can help you save money. Money for Working Capital Your company [...]

2306, 2017

Avoiding Costly Business Loan Interest Rates

June 23rd, 2017|0 Comments

Avoiding Costly Business Loan Interest Rates This week, I received an article in my Google alerts, which talked about ways to get business loans. At the top of the article was a loan calculator. One of the things I noticed was the payments were really high for the requesting amount. The payments were $416 a [...]

1905, 2017

Where to Find Small Business Financial Help

May 19th, 2017|0 Comments

Where to Find Small Business Financial Help My first reaction to the question of "where to find small business financial help" is to check out the Small Business Development Center (SBDC). It's a free service. As a previous advisor for an SBDC in North Dakota, I excelled in helping entrepreneurs find money for their business [...]

1205, 2017

Marketing Lessons from the San Fransisco Homeless

May 12th, 2017|0 Comments

Marketing Lessons from the San Fransisco Homeless Last week, I was talking to a buddy of mind about marketing and know, like, trust. I'm not sure how the conversation came about, but it made it's way around to homeless and the innovative methods the homeless employ to get the money of people walking by. It [...]

305, 2017

Woman Crush Wednesday #WCW: Renae – Angel Advocates

May 3rd, 2017|0 Comments

Woman Crush Wednesday #WCW Since I first started Backbone America as a business, I've met some amazing women. Some of these women have reached the status I'd like my business to be one day. Others have started their business with a fearless passion that's completely foreign to the well-planned, highly structured boxes I tend to live in. [...]

2804, 2017

Developing a No Show Appointment Policy

April 28th, 2017|0 Comments

Developing a No Show Appointment Policy I've talked to a few individuals about their frustrations with dealing with "No Shows." That is, individuals who make appointments then fail to show up at their appointed times without notice. I recently had a couple of back-to-back no shows myself. It's a reminder of the reasons I started [...]

1404, 2017

I want to start a business but…

April 14th, 2017|0 Comments

I want to start a business but... This month will be a year since I opened the virtual doors of Backbone America. One thing I've realized during these past 12 months is not everyone has what it takes to start a business. As a coach, I hate to put limitations on people. I'm of the [...]

1204, 2017

Woman Crush Wednesday #WCW: Kimi – Kimi’s Food Services @kimisfoodservices

April 12th, 2017|0 Comments

Woman Crush Wednesday #WCW Since I first started Backbone America as a business, I've met some amazing women. Some of these women have reached the status I'd like my business to be one day. Others have started their business with a fearless passion that's completely foreign to the well-planned, highly structured boxes I tend to live in. [...]

304, 2017

African American Quotes: Madame C.J. Walker

April 3rd, 2017|0 Comments

African American Quotes: Madame C.J. Walker I hear a lot of excuses from people for why they don't start the business of their dreams. I don't have time because I'm working so many hours at my job. OR I don't have enough money to start a business. OR I don't know enough to get started. I imagine some of you [...]

3103, 2017

How to Find Your Passion for Owning a Business

March 31st, 2017|0 Comments

How to Find Your Passion for Owning a Business I know owning a business isn't for everyone. We have to have worker bees somewhere, right? However, I can't help but wanting to put the spirit of entrepreneurship into every Black Woman that I meet. Well, not every Black Woman... but most. Why? I find business [...]

2903, 2017

Woman Crush Wednesday #WCW: Qui – Owner of The Imperfect Beauty @Qui_Monroe

March 29th, 2017|0 Comments

Woman Crush Wednesday #WCW Since I first started Backbone America as a business, I've met some amazing women. Some of these women have reached the status I'd like my business to be one day. Others have started their business with a fearless passion that's completely foreign to the well-planned, highly structured boxes I tend to live in. [...]

2703, 2017

African American Quotes: Mariam Wright Edelman

March 27th, 2017|0 Comments

African American Quotes: Mariam Wright Edelman Sometimes we give a lot of power to other people. We allow them to influence our thoughts in a way that makes us stop being in ourselves. It brings to mind a quote by Mariam Wright Edelman. No person has the right to rain on your dreams. ~Mariam Wright [...]

2403, 2017

What Business Should I Start?

March 24th, 2017|0 Comments

What Business Should I Start? I've been spending a bit of time on Quora lately. A lot of people have been asking questions related to: what business should I start? My answer is any business you want. In fact, the question so random, I doubt any answer provided by a bunch of strangers would be overly [...]

2203, 2017

Woman Crush Wednesday #WCW: Veronica – Creative Director & Founder @ In Veronica’s Corner @vscorner

March 22nd, 2017|0 Comments

Woman Crush Wednesday #WCW Since I first started Backbone America as a business, I've met some amazing women. Some of these women have reached the status I'd like my business to be one day. Others have started their business with a fearless passion that's completely foreign to the well-planned, highly structured boxes I tend to live in. [...]

2003, 2017

African American Quotes: Angelique Kidjo

March 20th, 2017|0 Comments

I like to do African American Quotes, especially those by women. However, this quote is so simply and lovely, I can't help but share it. I don't believe Angelique Kidjo is actually American, even though she lives in New York. She's actually from a country in Africa, called Benin. We, as business owners, know running [...]

1703, 2017

What’s the Best Home Based Business?

March 17th, 2017|0 Comments

What's the Best Home Based Business? I have a home based business. Is it the best home based business? Well, I suppose it depends on the person. For me, it's lovely. I get a lot of alone time, which fits well with the introverted me. I have flexibility, which means I can run errands for [...]

1003, 2017

#buyblack Presents Unique Business Opportunities

March 10th, 2017|0 Comments

#buyblack Presents Unique Business Opportunities I came across an article yesterday about problems with buying black. In all the times I've thought of buying black, I never considered it an all or nothing type of movement. Still, the article presented some unique opportunities in the Black Community. My Thoughts on #BuyBlack I don't see #buyblack as [...]

303, 2017

The Best Small Businesses Start with a Vision

March 3rd, 2017|0 Comments

The Best Small Businesses Start with a Vision Not everyone is born with a drive for entrepreneurship. I certainly wasn't. Being a business owner was low on my list of priorities for the longest time. I was content to simply be an employee. I went to work, did what I was told, then came home, [...]

2802, 2017

REVEAL Academy Launch + Sweepstakes

February 28th, 2017|0 Comments

I'm really excited to announce the launch of REVEAL Academy. Back in January 2016, I started Backbone America as a simple website. About a month into Backbone America, the idea of turning into more than just a website that shared tidbits of information here and there began to play in my head. Around July, [...]

302, 2017

Celebrate Black History Month: Clara Brown

February 3rd, 2017|0 Comments

Celebrate Black History Month: Clara Brown When I was younger, thinking about coming from a line of slaves was hard for me. When I get right down to the truth of it, it was like a badge of shame. As I've gotten older, my perspective has changed. I wouldn't go as far to say I [...]

3001, 2017

African American Quotes: Alice Walker

January 30th, 2017|0 Comments

African America Quotes: Alice Walker I love this Alice Walker quote for two reasons. For me, it has a double meaning. First, it talks to me specifically as an African American Woman, thinking back on the trials my ancestors faced. Though we still have a long way to go as an African American community, I [...]

2001, 2017

Which Is the Best Small Business Accounting Software?

January 20th, 2017|0 Comments

Which Is the Best Small Business Accounting Software? As businesswomen, we're all looking for affordable solutions that fit our needs. That includes when it comes to our small business account software. Not only do we want to save money, we want to save time. As the saying goes, time is money. If we can find [...]

1601, 2017

African American Quotes: Martin Luther King Jr.

January 16th, 2017|0 Comments

African American Quotes: Martin Luther King Jr. It's Martin Luther King Jr. Day. MLK had so many great quotes. Choosing just one was tough, but I have one for you. You may think you don't matter or can't make a difference. If that's your line of thought, you're wrong. You are important and you can make a [...]

901, 2017

African American Quotes: Nikki Giovanni

January 9th, 2017|0 Comments

African American Quotes: Nikki Giovanni The other day I was listening to a podcast and Christianity was mentioned. It talked about how many Christians rely on prayer to get things done. I guess the term would be called lip service. Please, don't misunderstand me. I'm not against prayer. However, imagine a world where everyone prayed, [...]

201, 2017

African American Quotes: Toni Morrison

January 2nd, 2017|0 Comments

African American Quotes: Toni Morrison I struggle with the term African-American and even Black American. I use it in my business as a way to identify my target market. It's a way of saying, I'm over here. I'm here to help you specifically. As long as there's inequality in the United States toward Black Women, [...]

101, 2017

The 7 Principles of Kwanzaa, Celebrating Faith

January 1st, 2017|0 Comments

The 7 Principles of Kwanzaa, Celebrating Faith Happy New Years! We freakin' made it. It had me thinking... 2020 is only 3 years away. I know. I know... we just started this year, and I've already set my eyes 3 years out. I guess it's because I never really entertained 2020 as a possible future. I've [...]

3112, 2016

The 7 Principles of Kwanzaa, Celebrating Collective Work and Responsibility

December 31st, 2016|0 Comments

The 7 Principles of Kwanzaa, Celebrating Collective Work and Responsibility Ah! New Years Eve. My son returns from his grandparents tonight. Two long weeks. It'll be good to have him in the house again. It's odd. I'm always excited to see him off and have more me time. However, a few days in, I'm missing [...]

3012, 2016

The 7 Principles of Kwanzaa, Celebrating Purpose

December 30th, 2016|0 Comments

The 7 Principles of Kwanzaa, Celebrating Purpose Welcome to Day 5 of Kwanzaa. I'm quite curious how the celebration is going for the rest of you. In my eyes, I envision Kwanzaa as one-long week of partying. Being the introvert that I am, I can see myself getting tired of the party 2 hours in. [...]

2912, 2016

The 7 Principles of Kwanzaa, Celebrating Creativity

December 29th, 2016|0 Comments

The 7 Principles of Kwanzaa, Celebrating Creativity We've officially passed the halfway mark of celebrating Kwanzaa. It makes me think how odd holidays are in general. Why is it that we take one time a year to focus on celebrating and recognizing principles. After all, isn't a principle something that's long-term... something that becomes ingrained in [...]

2812, 2016

The 7 Principles of Kwanzaa, Celebrating Cooperative Economics

December 28th, 2016|0 Comments

The 7 Principles of Kwanzaa, Celebrating Cooperative Economics Sometimes it amazes me how quickly time passes. I tend to be in a time warp, unsure of what goes on from week to week. However, writing and publishing posts daily has really kept me grounded. I've definitely felt every day this week, so far. Now that [...]

2712, 2016

The 7 Principles of Kwanzaa, Celebrating Self-Determination

December 27th, 2016|0 Comments

7 Principles Kwanzaa Celebrates Self-Determination Yesterday was the first day of Kwanzaa, where we learned about the initial setup and the first principle: Unity. I imagine I would have enjoyed Kwanzaa growing up. My mother always made New Years a nice event. If we didn't have a group of people over, we'd go over to someone's [...]

2612, 2016

The 7 Principles of Kwanzaa, Celebrating Unity

December 26th, 2016|0 Comments

The 7 Principles Kwanzaa Celebrates Unity In the last article, I talked about the 7  Kwanzaa celebrates. Now it's time to dig in. Before I talk about Unity and it's meaning, not just for Kwanzaa but for me, I'm going to start with setting up for Kwanzaa. The Setup One of the things I found [...]

2512, 2016

The 7 Principles Kwanzaa Celebrates…

December 25th, 2016|0 Comments

The 7 Principles Kwanzaa Celebrates... It's Christmas day. Merry Christmas and Happy Holidays to those who have celebrations this time of year. With Christmas being here, it got my husband and I talking about the traditions this time a year. We talked about things like Hanukah, Krampus, that Santa vs Jesus game, and then Kwanzaa. And [...]

2312, 2016

5 Steps for Strategic Business Planning

December 23rd, 2016|0 Comments

5 Steps for Strategic Business Planning For the past few days (okay, off and on for a weeks), I've been gearing up for the New Year. It's a good idea to review your plans on a regular basis. If not monthly, at least quarterly. For me, it was a time to assess the year as [...]

1912, 2016

African American Quotes: Oprah Winfrey

December 19th, 2016|0 Comments

African American Quotes: Oprah Winfrey One of the things my husband is fond of saying is, "You can't afford my free time."  My husband used to say this when people asked him how much it'd cost them for him to fix their stuff during his off time. It reminds me of a quote by Oprah [...]

1612, 2016

SMART Goal Setting Example

December 16th, 2016|0 Comments

SMART Goal Setting Example If you read the article last Friday, you know today we're going to look at a SMART Goal Setting example.  As a reminder, SMART is an acronym for Specific, Measurable, Attainable, Relevant, and Time-Based. Often times, I find it easier to start with an overall arching goal and slowly build in [...]

1212, 2016

African American Quotes: Arthur Ashe

December 12th, 2016|0 Comments

African American Quotes: Arthur Ashe Discrimination is live and well. It's been around well before we were born. It'll likely be around decades from now. The bottom line is it's nothing new. Then again, neither is success. Arthur Ashe said it well: Racism is not an excuse to not do the best you can. ~Arthur [...]

912, 2016

What is SMART Goal Setting?

December 9th, 2016|0 Comments

What is SMART Goal Setting? With the New Year just around the corner, I imagine many of you are already thinking about your Resolutions. For most, the New Year's Resolution is a chance to make a long-lasting change. Unfortunately, a lot of people start strong on those resolutions, but pitter out after a few weeks [...]

512, 2016

African American Quotes: Life’s Too Short

December 5th, 2016|0 Comments

African American Quotes: Life's Too Short I'm actually not sure who said this, but it's still a wonderful quote. Life's too short and tomorrow is not a guarantee. Do what makes you happy, be with those that make you smile, and love life to the fullest... ~Unknown If you know the author, let me know, [...]

212, 2016

The Importance of Pricing Strategies in Marketing

December 2nd, 2016|0 Comments

The Importance of Pricing Strategies in Marketing Small businesses are vital to the US Economy. That's why small businesses are called the Backbone of the America. Even so, most small businesses with no employees average just $45,000 annually in revenue, more than half of these businesses generating $25,000 or less (Intuit, 2015). Keep in mind, this [...]

2811, 2016

African American Quotes: Octavia E. Butler

November 28th, 2016|0 Comments

African American Quotes: Octavia E. Butler I've yet to meet a person who's had a perfect life. Each and everyone of us has challenges, and they start from the moment of birth, when we're expelled from the warm womb into a cold room and we breath in that first startling breath. We're here today because [...]

2511, 2016

How Can I Work from Home?

November 25th, 2016|0 Comments

How Can I Work from Home? There's no doubt in my family and friend's eyes that I'm a homebody. Don't get me wrong. I do like to travel and get out of the house from time to time. Even so, I love being home. So, I started to ask myself "how can I work from [...]

2111, 2016

African American Quotes: Faye Wattleton

November 21st, 2016|0 Comments

African American Quotes: Faye Wattleton I'm not sure if sharing African American Quotes is going to be a regular thing for me. However, I'm finding them so uplifting, I'm going with it for now. One particular quote that struck me was one from Faye Wattleton, who is the first African American and the youngest president elected [...]

1811, 2016

Women and Work-Life Balance: Can We Have It All?

November 18th, 2016|0 Comments

Women and Work-Life Balance: Can We Have It All? With all the responsibilities we face, the question that comes to mind with women and work-life balance is, can we have it all? I'm a mother, wife, and business owner, to name a few roles I play. When I was a stay-at-home mom, that was plenty. Chasing [...]

1411, 2016

African American Quotes: President Barack Obama

November 14th, 2016|0 Comments

African American Quotes: Barack Obama Lately, I've found myself in need of a bit of inspiration. It's led me to turn to African American Quotes for life lessons. I'll begin by saying, I'm not a Trump supporter. I've never eeally cared much about elections. I didn't vote for President Barack Obama. In fact, I'd [...]

1111, 2016

Tapping into Small Business Coaching Services

November 11th, 2016|0 Comments

Tapping into Small Business Coaching Services Tapping into small business coaching services may be a matter of survival for many owners. As we saw from The Great Recession, we never know what the economy is going to do. Quite a few small businesses went under back then, many are still struggling to recover today. It's odd... [...]

411, 2016

What is group coaching? Plus survey!

November 4th, 2016|0 Comments

What is group coaching? Many have heard of coaching... the concept of working with a professional that helps you achieve your full potential. It's often conducted in a one-on-one setting. If that's the case, what is group coaching? What are the benefits up group coaching compared to individual coaching? The list of questions can go [...]

2810, 2016

Developing a Small Business Branding Strategy

October 28th, 2016|0 Comments

Developing a Small Business Branding Strategy I've been really reflecting on my website lately. Not only the content, but the look and feel. In fact, you may have noticed I changed the front page. A lot of the changes and the behind the scenes work I've been doing reflects my through process as I've [...]

1409, 2016

Creating Customer Satisfaction Survey Questions

September 14th, 2016|0 Comments

Creating Customer Satisfaction Survey Questions This post about creating customer satisfaction survey questions was prompted from a recent phone call I accepted. The guy on the line asked me if I was willing to take the survey. I always ask a couple of questions before I get started. The first is, what is the survey [...]

2908, 2016

Make America Great Again Nonsense

August 29th, 2016|0 Comments

Make America Great Again Nonsense The other day I was sitting in a restaurant with my family, and my nephew asked a question, which had me thinking about the idea of making America great again. He asked, if you could go back in time and choose when to be born, when would you pick? [...]

908, 2016

Ways to Increase the Success of Black Women Owned Businesses

August 9th, 2016|0 Comments

Ways to Increase the Success of Black Women Owned Businesses In the last post, I talked about African American Women Business Owners on the Rise. In spite of the increase in ownership, many amongst this demographics struggle to be financially successful. So today, I'm going to share tips and resources to increase the success of Black Women [...]

407, 2016

African American Women Business Owners on the Rise

July 4th, 2016|0 Comments

African American Women Business Owners on the Rise Over the past year or so, there's been quite a bit of talk about the number of African American women business owners being on the rise. On one account, I'm ecstatic. As an African American AND woman business owner, I'm excited to see individuals in my [...]

2806, 2016

Goal to Offer Small Business Coaching Services

June 28th, 2016|0 Comments

Goal to Offer Small Business Coaching Services Transcript Below Hi. I’m Renee Townsend, owner of Backbone America. Today, I thought it would be nice to do a video. I got a new microphone. So I thought I’d put it to use. There’s no of having the microphone if it’s not being used. So, this [...]

2606, 2016

36 Questions to Ask before You Buy a Business – Part 3

June 26th, 2016|0 Comments

Questions to Ask before You Buy a Business If you've made it through the part 1 and part 2, congratulations! This article concludes the Questions to Ask Before You Buy a Business series. Today, we'll address management, legal, and questions pertaining to the seller specifically. Management & Transition 22) What are and have been [...]

2406, 2016

36 Questions to Ask before You Buy a Business – Part 2

June 24th, 2016|0 Comments

Questions to Ask before You Buy a Business In the last post, we covered questions to ask before you buy a business related to products, services, and financials. Today, we're going to get into Customers and Employees... two very important pieces of your business. Without customers, your business will have no income. As such, [...]

2206, 2016

36 Questions to Ask before You Buy a Business – Part 1

June 22nd, 2016|0 Comments

Questions to Ask before You Buy a Business In the last article, we talked about things you should consider prior to buying a business. This time around, we're going to look at some questions to ask before you buy a business. Products & Services 1) May I have a list of products & services? [...]

2006, 2016

Considerations Before You Buy a Business

June 20th, 2016|0 Comments

Considerations Before You Buy a Business Starting a business from scratch can be risky and full of uncertainty. If you don't have enough funds or outside income to tide you through the initial growth, your business could be doomed before you even start. Purchasing a business can come with huge advantages over starting a [...]

1806, 2016

How to Do What You Like & Make Money

June 18th, 2016|0 Comments

How to Do What You Like & Make Money Lately, I've been doing a bit of self-reflecting... mostly about how I spend my time and my personality. It led me back to why I started Backbone America (the website) -- I truly enjoy seeing small businesses succeed. When my department was part of a reduction [...]

2105, 2016

Cultivating Good Customer Service Skills – Part 2

May 21st, 2016|0 Comments

Cultivating Good Customer Service Skills In the last article, we talked about cultivating good customer service skills. Today, we'll continue where we left off. As a reminder, customer service starts with you, the business owner, but it's up to you to train you employees to represent the company properly. So without much fanfare, let's [...]

1905, 2016

Cultivating Good Customer Service Skills – Part 1

May 19th, 2016|0 Comments

Cultivating Good Customer Service Skills Recently, I came across an article entitled "75 Customer Service Facts, Quotes & Statistics." Some of the statistics were mind-blowing, and really emphasized the need to cultivate good customer service skills in your employees. Poor customer service cost. What's sad about it is that many businesses aren't even aware of the [...]

1705, 2016

Supplementing Wages with Employee Benefit Plans

May 17th, 2016|0 Comments

Supplementing Wages with Employee Benefit Plans From time to time, I see in the news articles about government employees being underpaid. One might wonder why people are so eager to grab a government job which comes with less pay for the same skill set in a non-government job. Well, the government is great at [...]

1505, 2016

Implementing Employee Retention Strategies

May 15th, 2016|0 Comments

Implementing Employee Retention Strategies Last week, we talked about why employees quit. Today, we're going to dig into employee retention strategies. After all, once you have that awesome employee, you're going to want to keep them. Fairly compensate employees Man Receiving Dollars From Another Man As Payment For A Sale We're going to [...]

1305, 2016

Top Reasons Employees Quit Their Jobs

May 13th, 2016|0 Comments

I talk a lot about finding great employees. A lot of good an awesome employee will do you if they up and quit. So, today, we're going to talk about some of the top reasons employees quit their jobs. Hopefully, awareness will help you get ahead of the game and maybe avoid some of the [...]

1105, 2016

Promote Employees with Good Leadership Qualities

May 11th, 2016|0 Comments

Promote Employees with Good Leadership Qualities I'm a firm believer of internal promotions, whenever possible. However, when it comes to leadership, you'll want to promote employees with good leadership qualities, rather than simply choosing the most senior ranking individual. Why? Because you want the right people in the right seats on the bus. A [...]

1304, 2016

Steps for Starting a Small Business: 8 – Write a Marketing Plan

April 13th, 2016|0 Comments

Write a Marketing Plan So, you've gone through the first 7 steps for starting a small business and are ready to operate your business. Well done! Now it's time to work on attracting those customers. Before you go wild on the marketing, I recommend you write a marketing plan first. Market Research I've talked [...]

1104, 2016

Steps for Starting a Small Business: 7 – Obtaining Start Up Business Funding

April 11th, 2016|0 Comments

Obtaining Start Up Business Funding For many entrepreneurs, funding their business is one of the most important steps for starting a small business. One of my favorite tasks of being a business advisor is helping entrepreneurs find startup business funding. There's something about crunching the numbers that really injects me with energy. Once I get [...]

904, 2016

Steps for Starting a Small Business: 6 – Choosing to Work in Home or Out

April 9th, 2016|0 Comments

Choosing to Work in Home or Out Deciding where to operate is a big decision when considering the steps for starting a small business. Depending on your type of business you decide to start, you may have the opportunity to choose to work in home or out. Regardless of the location you settle on, each option [...]

704, 2016

Steps for Starting a Small Business: 5 – Get Business License or Permit

April 7th, 2016|0 Comments

Get Business License or Permit We're moving along quickly through the steps of starting a small business. We're already to step 5: Get Business License or Permit. Like the Sales & Use Tax Permit, not every business will need licenses or special permits. Many depend on the business industry or even the particular state or locality. [...]

504, 2016

Steps for Starting a Small Business: 4 – Apply for a Sales and Use Tax Permit

April 5th, 2016|0 Comments

Apply for a Sales and Use Tax Permit Applying for a Sale and Use Tax Permit doesn't apply to every business. In fact, some states don't require businesses to collect state taxes at all. Your particular state may also call it something different. Still it's one of the steps for starting a small business you shouldn't [...]

304, 2016

Steps for Starting a Small Business: 3 – How to Write a Business Plan

April 3rd, 2016|0 Comments

How to Write a Business Plan One of the most important steps for starting a small business (in my opinion) is the business plan. If you haven't already done so, it's time to start your business plan. It may seem odd that I'm just getting to the business plan now. However, I know that most [...]

104, 2016

Steps for Starting a Small Business: 2 – How to Get an EIN Number

April 1st, 2016|0 Comments

How to Get an EIN Number First of all, I'm going to tell you the question "How to get an EIN number" is rather redundant. Why? Because EIN stands for employee identification number. So asking for an EIN Number is asking for an employee identification number number. I mention that, because I often hear that question. [...]

3003, 2016

Steps for Starting a Small Business: 1 – Register Your Business Name

March 30th, 2016|2 Comments

Register Your Business Name When I first started this website, I really had no intentions of doing anything more than sharing information. Unforeseen events have pushed me to consider staring a small business of my own. As I work through the steps of starting a small business, I'll take you all along on the journey, [...]

2803, 2016

5 Pricing Strategies for Selling Products & Services

March 28th, 2016|4 Comments

5 Pricing Strategies for Selling Products & Services Pricing strategies can vary greatly amongst the different industries. Whereas one pricing strategy can work well for one business, it can fail dismally in another. As such, having a plan which maximizes your potential review can make a world of difference. As such, today we're going to look at [...]

2603, 2016

Effective Ways To Improve Work Performance

March 26th, 2016|6 Comments

Effective Ways To Improve Work Performance Just about every business owner would like his/her employees to focus on the work they do while producing quality results. However, every company is bound to encounter an employee that fails to meet expectations. Often times it puts business owners in a tough position of choosing between letting an employee go or [...]

2403, 2016

How to Increase Customer Loyalty

March 24th, 2016|6 Comments

How to Increase Customer Loyalty If you're a business owner and not thinking about how to increase customer loyalty, you may be missing out on quite a few opportunities. Depending on the statistics you pull, it costs 5-10 times more to gain a new customer than retain a customer. When I think customer loyalty, cable [...]

2203, 2016

Tips on Avoiding a Conflict of Interest When Starting a Business

March 22nd, 2016|4 Comments

Tips on Avoiding a Conflict of Interest When Starting a Business Creating a conflict of interest when starting a business can be a major setback. Several years ago, I worked for a financial advising company. One thing to know about the financial industry, is they have strict policies when it comes to conflicts of interest. The [...]

2003, 2016

How to Grow a Business with a Solid Plan

March 20th, 2016|4 Comments

How to Grow a Business with a Solid Plan In the last post, I addressed strategies for growing your small business. Today, I want to talk about items to consider during your growth phase. Implications of Business Growth One of the first thoughts when many business owners think of when it comes to growth is more [...]

1803, 2016

Strategies for Growing Your Small Business

March 18th, 2016|8 Comments

Strategies for Growing Your Small Business Choosing an appropriate strategies for growing your small business can vary depending upon the type of company you run, the available resources, and many other factories. Today, I want to provide you will a few ideas. Increase the Customer Base This strategy might include not only finding new customers, but also increasing the number of repeat [...]

1603, 2016

5 More Areas of Improvement for Employees

March 16th, 2016|4 Comments

5 More Areas of Improvement for Employees In the last post we talked about areas your employees could work on. Today, we're going to talk about a few more. Again, you might consider including these areas of improvement for employees as part of your quarterly or annual evaluations. Adjusting to Change I'll be the first [...]

1403, 2016

5 Areas of Improvement for Employees

March 14th, 2016|4 Comments

5 Areas Of Improvement For Employees As a company owner, you most likely give your employees quarterly or yearly evaluations or at least it's a good practice. These evaluations typically address an employees overall performance and tackles areas such as strengths and weaknesses, goal setting for the up coming months or year, and often gives an employee [...]

1203, 2016

Computer Ethics in the Workplace

March 12th, 2016|10 Comments

Computer Ethics in the Workplace Trust is an important part of a successful business environment. It's also a two-way street; an area that must be maintained between the management and employees. Computer ethics in the workplace is just one of many areas trust comes into play. When it comes to computer ethics, setting rules must be [...]

1003, 2016

Team Building in the Workplace

March 10th, 2016|4 Comments

Team Building in the Workplace Team building in the workplace has become increasingly important in recent years, as businesses becomes more competitive, aggressive, and technology driven. Employees are required to work smarter and harder in an attempt to meet the challenges of the workplace and to effectively deliver the desired results. But no single individual can make [...]

803, 2016

Giving Your Company a Sustainable Competitive Advantage

March 8th, 2016|6 Comments

Giving Your Company a Sustainable Competitive Advantage Starting a business can take an tremendous amount of hard work and motivation. It can take even more effort to successfully grow your small business. Unlike large corporations, which seem to have an abundance of resources to advance their companies, small businesses often lack the financial luxury and manpower [...]

603, 2016

A Few Important Qualities of a Good Employee

March 6th, 2016|0 Comments

A Few Important Qualities Of A Good Employee Building the right workforce is crucial to expansion and sustainability. No matter what technical expertise the candidates hold, it's important they have the qualities of a good employee prior to hiring, as they will have a large influence on the future of your company. Just as small businesses are the [...]

403, 2016

How to Calculate Accounts Receivable Turnover Ratio

March 4th, 2016|0 Comments

How to Calculate Accounts Receivable Turnover Ratio Windfall profits but no cash in the bank? Your accounts receivable may be the culprit. Today, I'm going to show you how to the calculate accounts receivable turnover ratio and also talk about solutions if yours is too high. Accounts Receivable (A/R) Before going into calculations and such, [...]

203, 2016

Break into Entrepreneurship and Start a Business from Home

March 2nd, 2016|0 Comments

Break into Entrepreneurship and Start a Business from Home For those individuals who are ready to step into entrepreneurship but not ready for a brick and mortar store, I suggest you try to start a business from home. A home-based business can provide a cost effective and convenient method of providing services and products to [...]

2902, 2016

Help Employees Beat Inflation with an Average Yearly Raise

February 29th, 2016|4 Comments

Help Employees Beat Inflation with an Average Yearly Raise As a business owner, you see your cost of goods increase on a regular basis. Your employees face inflation just as you do. In consideration of your employees, help them beat inflation with an average yearly raise. Many Small Businesses Miss the Mark My husband has [...]

2702, 2016

General Business Liability Insurance Cost Are Worth the Peace of Mind

February 27th, 2016|4 Comments

General Business Liability Insurance Cost Are Worth the Peace of Mind Regardless of the type of business structure an entrepreneur chooses for his or her company, I always recommend obtaining general business liability insurance. Why? because comparably speaking, the low liability insurance costs are worth the peace of mind. What is liability insurance? Most of have heard [...]

2502, 2016

5 Situational Interview Questions to Ask Candidates

February 25th, 2016|4 Comments

5 Situational Interview Questions to Ask Candidates I'm quite fond of the idea of asking situational interview questions for potential employees. I've had the opportunity to sit in on a few interviews, and of course, I've been on the interviewee end also. As an interviewee, I've noticed quite a few employers choose to ask skill [...]

2302, 2016

3 Online Leadership Courses for Professional Development

February 23rd, 2016|0 Comments

3 Online Leadership Courses for Professional Development I've been attending a 5-part rural leadership course, and it had me thinking what a missed opportunity it is for those who aren't able to attend. Then I thought, there must be more ways to get leadership training to others, which led me to online leadership courses. Online [...]

2102, 2016

Shortening Payment Time with Accounts Receivable Factoring

February 21st, 2016|0 Comments

Shortening Payment Time with Accounts Receivable Factoring In my last post, I talked about the nightmares managing accounts receivables can bring you. Today, I want to talk solutions, specifically accounts receivable factoring and how it can shorten the time between services rendered and payments received. I used the trucking industry as an example last time I [...]

1902, 2016

Your Accounts Receivable Turnover Can Destroy Your Business

February 19th, 2016|0 Comments

Your Accounts Receivable Turnover Can Destroy Your Business From time to time, I'll get a client who is experiencing windfall profits but can't figure out why they have no cash to pay the bills. They're desperate for money to keep their business from sinking. Upon further investigation, I might find their accounts receivable turnover rate is [...]

1702, 2016

Performance Reviews with Employee Evaluation Examples

February 17th, 2016|0 Comments

Performance Reviews with Employee Evaluation Examples For as long as I've known my husband, he's worked in companies that are classified as small businesses. With one exception, all of the companies which employed him have neglected employee performance reviews. I'm always shocked at the lack of employee performance reviews in small businesses. So today, we're going [...]

1502, 2016

What Do You Need to Open a Business Checking Account

February 15th, 2016|0 Comments

What Do You Need to Open a Business Checking Account Regardless of the type of structure you choose for your business, I strongly suggest keeping your business affairs separate from your personal. Part of having the division is having a checking account for your business. However, opening one is not always so straight forward. So, [...]

1302, 2016

B2B: How to Find the Owner of a Business

February 13th, 2016|4 Comments

B2B: How to Find the Owner of a Business Business to Business (B2B) is big these days. In fact, forming personal connections with the local businesses in your area can lead to some advantageous opportunities. So, today I'm going to teach you how to find the owner of a business. First, let's talk cover a [...]

1102, 2016

Finding Small Business Opportunities from Home That You Love

February 11th, 2016|0 Comments

Finding Small Business Opportunities from Home That You Love First of all, starting a small business typically isn't a walk in the park. For most, it takes hard work and dedication to be successful. So as you're considering a small business opportunity from home, keep that in mind. I try not to push my clients [...]

902, 2016

The Flaws of Using the Keystone Pricing Formula

February 9th, 2016|0 Comments

The Flaws of Using the Keystone Pricing Formula From time to time, I work with clients who struggle with coming up with an appropriate pricing formula. A common method I see them using sometimes is simply setting their retail price to be double their cost of goods, also known as the Keystone Pricing Formula. The Basic Formula [...]

702, 2016

3 Ways to Improve Job Performance Amongst Your Employees

February 7th, 2016|0 Comments

3 Ways to Improve Job Performance Amongst Your Employees Employees can span a broad spectrum when it comes to productivity. You might get a few gems who join your company full of motivation, ready to stamp their positive mark. Others may simply accept a position for the paycheck, while putting out a minimum effort. Regardless [...]

502, 2016

5 Tips on How to Recruit Employees and Reduce Employee Turnover Rates

February 5th, 2016|0 Comments

5 Tips on How to Recruit Employees and Reduce Employee Turnover Rates I moved to the Bakkan oilfield area a bit over two years ago. What I noticed right away was the high turnover. Business owners all over the city struggled with how to recruit employees and reduce employee turnover rates. I'd go into one [...]

302, 2016

Finding Start Up Business Loans

February 3rd, 2016|0 Comments

Finding Start Up Business Loans One of the favorite parts of my job as a business advisor is helping entrepreneurs find start up business loans. Big loans, small loans... it doesn't matter. To me, helping start ups find funds is like putting together pieces of a financial puzzle. To top it off... it's so rewarding [...]

102, 2016

Playing the Cash Flow Game – Template Included

February 1st, 2016|4 Comments

Playing the Cash Flow Game - Template Included One of the last things I address when building a set of financials is the cash flow. For me, it's like a cash flow game in that the money has to be there to make it attractive to lenders. It might include reducing the owner's draw, helping [...]

3001, 2016

Personal Guarantee Clause – Giving Your Business a Leg Up

January 30th, 2016|6 Comments

Personal Guarantee Clause - Giving Your Business a Leg Up A big piece of my job is finding funding for my clients. The funding I find for them can come in a variety of forms, but typically they include some type of loan. Regardless of the loan I recommend, the loans all include a personal [...]

2801, 2016

Why Do Entrepreneurs Fail in Thriving Economies? Three Reasons…

January 28th, 2016|4 Comments

Why Do Entrepreneurs Fail in Thriving Economies? Three Reasons... I work with entrepreneurs on a daily basis. Many go off to do wonderful things with their businesses, while others crash and burn miserably. Though a strong economy does influence a business in many ways, some entrepreneurs can push through despite the worst, while others fail [...]

2601, 2016

Financial Health in the Startup Funding Stages

January 26th, 2016|6 Comments

Financial Health in the Startup Funding Stages Business financials... where to start? First, I'll say the financial health in the startup funding stages of your company starts well before going into business. Why do I say this? Well, businesses don't typically start with credit. Like your personal credit, it's something a business has to earn. As [...]

2401, 2016

The Business Plan Has Two Main Purposes

January 24th, 2016|6 Comments

The Business Plan Has Two Main Purposes Throughout this site, you'll see me mention the importance of having a business plan time and time again. Why? Because the business plan has two main purposes: to provide a roadmap for your company, and if necessary help you obtain the funding you need to get started or [...]

2201, 2016

Who Uses Financial Statements? and why…

January 22nd, 2016|6 Comments

Who Uses Financial Statements? and why... The idea having financial statements for a business may be a new concept for some. I've have plenty of clients who've started their businesses without them. They simply draw down funds from the accounts and start their business. If they can do it, why not everyone? It then becomes the [...]

2001, 2016

Pro Forma Income Statement Template – Dumbing It Down

January 20th, 2016|4 Comments

Pro Forma Income Statement Template - Dumbing It Down I always find the name income statement to be odd. To me, the name sounds like it's just tracking revenue, when in actuality, it tracks income and expenses over a specified time period. This time around, I'm going to cover the income statement, like the balance [...]

1801, 2016

Are Women a Minority? And does it matter?

January 18th, 2016|8 Comments

Are Women a Minority? And does it matter? Receiving the designation as a minority owned business can come with advantages, particularly when it comes to government contracting. I'll go into more details of government contracting at a future date, but today we're going to pick on women. So, let's address the question: Are women a minority? [...]

1601, 2016

What You Should Know about Types of Company Ownership

January 16th, 2016|8 Comments

What You Should Know about Types of Company Ownership Before you establish your business, you'll need to determine which of the business entity types you plan to establish. There are 3 main types of company ownership or business structures, along with a couple of sub-type. Each type has specific legal and tax implications. Therefore, it’s important to [...]

1401, 2016

Break Even Analysis Formula – Online Calculator

January 14th, 2016|20 Comments

Break Even Analysis Formula - Online Calculator When it comes to the break even analysis formula, goal setting comes to my mind. So exactly what is break even? Well, it's the point where your company has made enough revenue that you didn't make any money and you didn't lose any money. You're dead even [...]

1201, 2016

Pro Forma Balance Sheet Template – Dumbing It Down

January 12th, 2016|14 Comments

Click to download Pro Forma Balance Sheet Template - Dumbing It Down If you read the Business Startup Page, you'll know playing with financials is one of my favorite aspects of being a business advisor. So today, my first post, we're going to talk a little about financials, the balance sheet specifically. Along [...]


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