Business incubation has been in existence in the U.S since 1959 and has been growing ever since. In Anita Campbell’s article, Business Incubators: The Next Innovation Engine?, legislators are looking into business incubation as a way to boost job growth.
Since small businesses are the major contributors in job creation, it just makes sense that the small business sector be given as much support as the government can. More help = more small businesses= more jobs.
Business incubation has a wide range of services. It goes above and beyond just leasing a space and giving sound business advice. Some services include help with regulatory compliance, access to angel investors or venture capitalists, and other administrative services which are essential to any type of business.…
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If you are like most entrepreneurs, you would already have milked different social networking sites for all their worth. And why not? It sure would drive more traffic to your site. The higher traffic percentage your site gets, the higher chances of getting more sales.
Small companies are often controlled by one person in particular, the CEO. Often times the CEO will take on many different kinds of tasks in order to make sure that the company will be able to enjoy better success.
Gone are the days when businesses just relied on neon signs, tarpaulins and pamphlets. Since the inception of social networking sites, entrepreneurs harnessed it to maintain business relationships and attract new customers. Marketing has taken on a whole new meaning once social media became prevalent, especially for small businesses.
Does your company’s Information Technology area act more like competitors rather than partners with the business?
Everywhere you look, people are doing something with their phones. They are either texting someone, or they are using one of the thousands of apps available.
Any person who is running their own enterprise and is accountable for it can be called an entrepreneur. But not all entrepreneurs can be called financially literate. Financial literacy goes beyond just knowing what goes on in the financial world, it is about understanding finance so that effective decisions about the business can be reached.
There are two main problems concerning human resources today. The first one is the unemployment rate which causes grossly underqualified people to apply to your company and the second is employee retention. For business owners, retaining your best employees may pose as a challenge.
One of the keys to success for every small business is a really smart marketing program that keeps existing customers in the fold and continually incites prospects to join. The program should include the most cost-effective ways to raise brand-awareness, leverage your expertise and share deals.
In these tough times, the biggest impact of the economic downturn is being felt by the small business sector. This is largely because of the fact that there are fewer resources available to counter the effects of an uncertain economy. The best way for a small business to thrive nowadays is by cutting costs. Practicing frugality in your business does not mean that you are sacrificing the quality and service level of your company. Cost cutting on certain aspects of your business could just be the economic stimulus needed to let you bounce back from an economic spiral.
