Published Apr. 7, 2014
It is a widely held notion that truly successful entrepreneurs have achieved that coveted success by virtue of an unwavering focus on their goal.
However, if we peruse the bios of just a handful of self-made billionaires, it becomes clear that a laser-like focus may not be the hallmark of success we believe it to be. In fact, just the opposite may be true.
Richard Branson, for example, can hardly be credited with being an intensely focused entrepreneur, having started out in Christmas tree sales, then magazines, followed by the record industry, nightclubs, films, publishing, video games, hot air balloons, condom manufacturing, book publishing, radio, personal financial services, cosmetics, clothing and most recently, space travel…and, by the way, this is not a comprehensive list!
Published Apr. 2, 2014
When initially launching a business, many entrepreneurs and stakeholders consider sacrificing safety and comfort to save every cent they can. Entrepreneurs and their supporters will often gladly work their fingers to the bone to be part of something special, unique, and hopefully, profitable.
Companies created and run on shoestring budgets may eventually transform into successful businesses with real employees and real workspaces.
Broward SCORE Participated in South Florida Minority Supplier Development Council’s 29th Annual Business Exposition on March 21st, 2014.
SCORE Volunteers Angelica Love Valentine and George Gremse informed attendees about SCORE services and discussed business counseling and workshop programs.
Published Mar. 27, 2014
These days, it’s easy for almost any small business to tap into the electronic payment system and accept credit and debit cards along with other types of e-payments. And there are plenty of payment processors competing for your business.
The tough part, say payment experts at MasterCard, is comparing costs and finding the processor that’s right for your type and size of business. Simply opening what’s called a “merchant account” to process payments is the easy part. Knowing you’re getting the best deal possible is what’s difficult.
It starts with understanding the different entities that process credit, debit and prepaid card payments.
Published Mar. 20, 2014
When it comes to networking, many business owners and entrepreneurs still seem to feel that more is better, and that simply collecting lots of business cards or LinkedIn contacts really means something. But that’s a superficial view of networking.
Published Mar. 13, 2014
Have you ever ordered something online from a store you’ve never bought from before? Have you waited and wondered why your order didn’t arrive in a timely manner?
For customers, this experience is frustrating, and as a small business owner, disruptions in your supply chain that inhibit your ability to fill customer orders can be devastating.
How do you keep things afloat without losing your hard-earned market share? It’s important to understand what can go wrong in a supply chain and how to recover from problems when they do arise.
External Factors That Impact Supply Chains
For several years, China and the Far East have been marketed as the smart bet for outsourcing manufacturing due to lower labor costs and fewer regulatory barriers. Most companies choose these suppliers to reduce costs, but there are several disadvantages that make overseas suppliers risky in the long run.
Published Mar. 13, 2014
Do you have a retail or e-commerce store? Do you sell through sites like Etsy®? If so, do you know what laws your business should be following? Do you want to learn how to protect your brand? Are you concerned about preserving your brand’s reputation after trademark registration?
Published Mar. 2, 2014
Achieving breakout success as a small business in today’s highly competitive and increasingly complex business world requires exceptional efforts to develop clients and customers who rave about your company, and are willing to tell others. Failing to delight customers is more than a shame – it’s a slow road to business oblivion.
But developing customers who will become true fans of your business – both online and offline – is easier said than done. After all, if it were easy, companies with lots of money would be swimming in happy customers, but that’s not always the case.
So what's the big secret? Maribeth Kuzmeski, who wrote a book called “And the Clients Went Wild!” (Wiley) argues that in order to get customers to rave about your business, you need to build a strong emotional connection – the same kind that makes someone cheer for a sports team or star athlete.
Published Feb. 24, 2014
The SCORE Small Business Success Podcast features interviews with the best and brightest in the world of small business, covering topics such as business plans, financing, marketing, human resources, SEO, social media and more. Listen to this podcast to hear Johnathan Pyle discuss a variety of HR issues.
Hear from ThinkHR's Jonathan Pyle to learn the latest on human resources for small businesses. From being a good leader to what small business owners should be aware of in the future, this conversation addresses a variety of HR issues.