Growing a small company today is not hard because the economy has improved significantly since the housing crisis. According to the US Commerce Department, the American economy grew by 2.8% in the third quarter of 2013 spurred by businesses restocking shelves as well as increased demand for new homes. For small business owners, this is a great time to expand to new markets. Here are some great tips that you can use to achieve this goal:
Employ The Right Staff
Expanding your company to a new location means that you require new employees.…
Despite dire economic situations blossoming in markets around the globe the export sector in the US is one of the few areas of growth. The other, e-commerce, has some significant links to the export industry. Perhaps the most significant development that has resulted from rapid changes in technology is the ease in which small firms can enter the arena of international trade.
In many overseas markets US products and services remain highly sought after and by accessing this demand firms can make themselves less vulnerable to down-turns at home, and also to seasonal variations in demand for their products.…
It’s always been my view that there is no such thing as a perfect business. We may all like to believe that we understand the core elements of building a successful business, but it seems to me that there’s always room for improvement.
When thinking about the changes that can be made, I believe that there’s an important balance to be struck. I have seen business owners make hasty modifications, without giving the process due consideration. In these situations, it often seems that there is an awareness that something is going wrong.…
Every business has the ability to attract a better earning potential. However, it does take some work in order to achieve desired results. It is particularly challenging for businesses today to survive due to economics and competition from other companies. This is why it is necessary to find some non-traditional approaches to focus upon for better success. While word of mouth, as well as online advertising can work wonders, there are some other business promotion methods to consider, such as those outlined below.…
According to a recent study from the Fox Small Business Center, Houston, Tampa-St. Petersburg, Denver, Seattle and Dallas-Fort Worth are the top five metro areas for business growth. While having a growing business in one of those areas or any other area around the world is an impressive accomplishment, that doesn’t mean growth is free of challenges. On the contrary, rapid growth can mean that a business has to tackle challenges that it never anticipated.
If you read the previous sentence and thought “I wish my business had to deal with those types of challenges,” chances are it’s because your business isn’t growing as quickly as you’d like.…
I discovered this interesting video while looking for small business inspiration. It’s a good finding. It’s Patch’s exclusive video interview with John Puckett, the founder of Caribou Coffee and co-owner of Punch Pizza.
John and his wife co-founded Caribou Coffee in 1992 with a big plan to establish 200 stores in 5 to 10 years. Things are looking good and going as planned…
John were successfully established 100 stores in 8 US states, but then he encountered a problem, which mainly related to work-life balance.…
Bootstrappers: This blog post might be the one you want to read entering 2013. Why? Because I will share my Top 10 list of Fiverr gigs you can make use of to help you grow your business – on a budget!
Have you heard about Fiverr? If you haven’t, it is a rapidly growing site in which users can offer their services for $5 (hence the name…) Today, some of the sellers offer “top-ups” that add value to their $5 service, but the core service is still $5 per gig.…
I like penguins. That’s partly why I name this business blog Biz Penguin. It’s a catchy name and I expect it to stick on your mind as a brand. Plus with our orange-themed front-end design instead of the typical penguins’ black-and-white, I expect this blog to confuse you a bit and at the same time getting our branding messages across 🙂
Jokes aside, I choose this blog’s name after the penguins because I have much respect to them: These flightless birds’ behaviours are superior among other birds.…
