6 Reasons Why You Need a Business Budget NOW

A business budget will make running your business easier. I can’t help but wonder why business owners neglect to operate with one? Here are six reasons why a business budget is vital to your success. Forbes.com contributed an article that said “8 out of 10 entrepreneurs who start a business fail within the first 18 months.” They gave five viable reasons, but I think they missed a big one: LACK OF BUDGET! Believe it or not, the average small business[Read more]

Four Elements of Business

I’ve narrowed the idea of “business” down to four basic concepts that apply to EVERY business: 1. Service/Product : What is your special service or product that you offer to consumers? Is there a need for it? How great is that need? Is your product/service a short-term or long-term solution? Do you have competitors? These are questions that absolutely need answering before you invest a ton of time, money, and energy into a business. The livelihood of a business is based[Read more]