AngelBiz commented on the following stories on BizSugar
10 Ways Small Businesses Can Compete With Big Boys
"George - Excellent advice. While small busiensses cannot compete with their large competitors on scale and size they do have unique advantages that can help them change the game and compete in other ways. Developing niche, establishing personal relationship and providing excellent customer service are great ways to establish your presence in the local community and not only survive, but thrive. "Should I Ask The Family For Investment Money?
"Asking friends and family for in investment money is a double-edged sword as you mentioned in the pros and cons in the article.I think there is still value in getting money from them especially in the early stage when not many others are willing to trust you and lend you money. My advice is to treat this like any other financial transaction and create a legal contract with appropriate terms and conditions even if you are borrowing at zero percent interest. It will help maintain good relationship. "Surprise Is One Of The Most Powerful Small Business Marketing Tools
"Excellent point. Under promise and over deliver is what you need to delight your customers and keep them coming back. Zappos is a great example of how to do it. I put Amazon in the same league. No wonder they bought Zappos few years ago."Marketing Tips for Penny Pinchers
"I always advise my clients that good marketing doesn't have to cost much. By using the power of word-of-mouth and providing great customer service your customers can take care of marketing on your behalf. Another way to do this is by engaging with the community organizations you do business in. It doesn't cost much, but provides great visibility and credibility."Investors Seek Out Entrepreneurs With Resilience
"Perseverance always wins over ideas when it comes to becoming successful at entrepreneurship. Ideas are dime a dozen. Only those who can execute them and stay with them even after multiple failures will succeed. The three examples you gave are great innovators and visionaries who succeeded by staying resilient in the face of failures."Savvy Entrepreneurs Look for More Than Funding
"Absolutely agree. Venture firms and angel investors bring more than just money when they invest in your start-up. The knowledge and experience along with the contacts and network adds lot of value to your start-up. That's why it is important to evaluate them on more than just the money they invest."5 Reasons Why Business Signs Work and You Should Use Them
"A sign is a first contact of potential customer with your business. Even in these days of everything digital, physical signs still play a very important role in getting attention of potential customers and converting them to regulars. Like your idea about including additional information on the signs."Subscribe
- News
- Blog
- Press Center
- Newsletter
Buttons and Widgets
- Legal
-
Privacy | Terms of Use
© 2007-2024 BizSugar.com.
5 Advantages of Being A Small Business
"Agree with all your points. While small businesses may not have the size and scale of their large competitors they can take advantage of customer intimacy and personal relationship to compete effectively. "