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A good rule of thumb to stay out of the red when starting your own business is to budget 20% of revenue to cover expenses you simply don’t think about, such as these commonly overlooked expenses. Read More

Growing a business can be challenging, and at times painful, but keep going! The results are well worth any temporary discomfort. Read More

Making money with your hobby is more realistic than you may realize. Many entrepreneurs started their businesses as a source of relaxation and pleasure, before turning it into a source of income and career satisfaction. They have seen that the public can enjoy their handiwork, while allowing them t Read More

One of the ways that you can attract talented workers to your company is by offering a profit-sharing plan. These plans often provide a degree of flexibility to the business owner, as well as a nice bonus for the workers. Read More

When we think about franchising, we inevitably think of fast food because it’s everywhere and a part of our everyday environment. But that’s only one example of what a franchise actually is, and it can create misconceptions on what franchising really is. Read More

The failure of Ron Johnson at JC Penney holds important lessons for small business owners on how not to move to fast and alienate loyal customers. In this post I discuss what went wrong and what small business owners need to understand and learn so they don't end up in similar situation. Read More

When you are a small business entrepreneur, there is often a tough decision you have to make. Should I hire a new employee or not? Read More

What could your business achieve if only you had talented, focused, thriving people committed to making your business and their careers a huge success? I guarantee anyone offering you win/lose “simple” solutions to your staffing challenges is simply putting lipstick on the problem. But, if you’re g Read More

If all hiring was conducted strictly by reviewing resumes it would be very easy to make the best staff picks. However, that won't necessarily provide you with the full portrait of that worker. All of this begs the question: Should you hire for experience or personality? Read More

There are 20 crucial things that all future franchise owners need to do...before they write a check to the franchise company. These things aren't difficult; they're just necessary. Read More