Small business owners in all stages of business growth need to know what their client base wants, how much they are willing to pay for it, and when and where they want to go in order to buy it. Market research is not simply nice to have for business owners, it is in fact an essential part of operating a business and without it you are flying blind. For this reason, it should be clearly understood by business owners just what is meant by market research and how they are able to do their own in order to develop a clear cut plan they can use for running their business. The first thing business owners need to do before they conduct their market research is identify their desired client base. This can dramatically effect the way in which you will collect your data. for example, a business whose primary clients are in their late teens and early twenties might do well with a facebook survey,

There is no question that it is difficult for small business owners to procure loans in today’s economy. The media has been abuzz with reports on the freeze of business credit, and the aftermath of the great recession has property and other forms of collateral devalued to the point that they are no longer sufficient for securing business loans. However, the Washington Post recently put out an article positing that the decline in business lending is not an entirely new phenomenon. The Cleveland Federal Reserve has released charts indicating that small business lending from banks has been on the wane since as far back as the mid 90’s when the economy was strong. Traditional banks are cutting back the percentages of their portfolios that include business funding, and evidently have been doing so for over a decade. According to the Federal Reserve, this slow downward trend indicates that there is not likely to be a thaw in the lending practices of banks towards small business owners,

According to an annual survey by thumbtack.com , the best states and cities for small business in the US are Utah, Alabama, New Hampshire, Idaho and Texas. Additionally. four of the top ten residential areas for small business incubation were located in Texas, which due to a mild climate, low overhead and large population is very hospitable to entrepreneurs. Another factor that allows businesses to grow is the sense of community and preference for local brands exhibited by the local population. Surprisingly, the majority of businesses surveyed stated that taxes in their areas were not unfair, and said that the biggest factor in determining business friendliness was in fact the local licensing requirements. The easier it is to apply for licensing, be if for liquor, food services, hotels or other types of businesses, the easier it is for businesses to devote time to growth and avoid getting bogged down in bureaucracy. Another key attribute to business development is the ability for business owners to obtain small business

How to Go Green With Your Small Business

Wednesday, 14, August , 2013 by

As a small business owner, there are many concerns that you deal with on a day to day basis. Often times, independent business owners feel that they simply don’t have the time or the know-how to make their business more environmentally friendly. The top causes of small businesses not working to increase their environmental sustainability are concern that it will stop them from being profitable, apathy and costs. What many business owners do not realize is that there are many different tax breaks that energy efficient businesses can qualify for, offsetting some of the cost of updating your business. Another way to cut back on the energy consumption of your business is to try and reduce paper waste as much as possible. a good way to do this is to begin relying on cloud technology and a scanner to make as many of your documents digital as possible. This is especially handy for sharing applications, invoices, or other forms that many of your employees will be using.

Many small business owners report having difficulty financing their businesses. Whether because of a lack of collateral, bad credit, or anything in between, there are many roadblocks that can stand in the way of business owners and their dreams of improvement. However, there are a few things that business owners should know that can help them get over the first mental hurdles they will face when it comes time to start looking for financing. Small business funding is more scarce now than it used to be, but it has not simply gone away. the American entrepreneurial spirit will always find a way to fill the gaps left in the economic climate, and small business owners in particular are a hardy bunch. When it seems as if business funding from loans and grants is a pipe dream, and that every lender and credit union you visit is eager to turn you away, take a deep breath and consider these three key points. 1) First of all, there is

In a guest piece in The Herald News by Alan Silvia, a Massachusetts state representative, the potential benefits of an increase in home health care are explored. According to the the article, the costs per day of home health care in comparison to care in a hospital differ greatly, with a single day of hospital care coming in at slightly over 10 times the $137.00 per day average in home cost of healthcare. With an aging population that is going to test the limits of social security and medicare programs, the question of how to effectively treat those who need care while not drying up Government funding. The solution, as proposed by Mr. Silvia, is to increase the amount of elder care that takes place in the home as both a preventative measure to keep the elderly out of hospitals and save Medicare millions in treatments that would otherwise be subjected to the inflated costs of treatment in hospitals. Home health care has the twofold

In the New York Times last month Wealth Matter columnist Paul Sullivan analyzed the money habits of doctors and lawyers. It was part of a series in which Sullivan looked at such personal finance habits for various fields and industry types. The piece begins, “In most places in America, doctors and lawyers are at the top of the career pyramid. They’re often the top earners in town. And they usually live in the nicest neighborhoods and drive expensive cars. But their attitudes toward money and investing can create financial challenges later in life.” What can others learn from the success and the failures of doctors and lawyers? “Doctors generally get two important things right,” Sullivan explains. “Doctors, particularly those with a unique specialty, buy disability insurance because they know that if they can’t work as a hand surgeon, for example, their income will plummet, even if they can still work as a doctor in a different capacity.” They also save a big chunk of their income for retirement. Which

Horizon Provided a Record $4.1 Million in Financing Last Month Horizon Business Funding is proud to announce that we provided over $4 million in small business financing during the month of August! Our merchant cash advance program helped dozens of small business owners get capital to help pay for operating costs, hire new employees, finance and repair equipment, and more. Business owners from a wide range of industries are putting our cash advance funding to work for them. During August, Horizon funded commercial construction firms, medical practices, dental practices, auto repair shops and more. Even as national economic data shows that small business lending continues to stagnate, Horizon Business Funding is helping entrepreneurs access more capital than ever. To learn more about how our business cash advance program works, or to apply for business financing, visit our website.

TOP css.php