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Managing a business can be difficult enough without also having to deal with all the costs associated with doing business. So to help you along on your business journey, here are three tips to help in managing business expenses effectively. First and foremost, when managing business expenses effectively, it is important to understand what’s coming in and what’s going out. This is known as your Cash Flow. To do this,…
Business Partnerships for entrepreneurs can be fruitful if a balance is met with expectations, risks, goals, responsibilities, and long-term thinking. That said, there are certainly business partnership pros and cons to consider. Partnerships can also be disastrous to any fledgling small business and can cause great divides between existing friendships if not done right. Before you jump in with a partner or invite another entity to join your operation, here…
While searching for a type of business or business model that fits you or your team’s personality, it is important to consider several factors. Let’s call this your Entrepreneur Self-Discovery! These include knowing yourself, understanding the dynamics of risk versus reward of the business type, knowing your potential customer, and a keen understanding of return on investment (ROI). When these questions have been answered to a certain degree of satisfaction, only then…
Choosing the right web hosting vendor who represents your best interests is surprisingly difficult, and understanding who’s out there and what they offer is time-consuming and takes a lot of trial and error. Often, the decision of which vendor a new business goes with can be somewhat arbitrary. You may not think that the hosting service matters. Ads for different services are often similar, and it knowing what really sets…
In recent years a lot of new top-level domain names have become available. By most definitions, in the past “top-level” domain names meant those ending in .com, .org, and .net. Today, however, many top-level domain names have dramatically expanded beyond the simple and old… Now they include things like; .fitness, .Blog, .church, .realtor.com, and .band! How cool is that? Why Does Your Domain Name Matter? The point here is pretty…
There are many factors to consider when building a website for your business. We’ve already discussed the top three most important elements of any website and how and why you should be creating mockups. Today, we’ll be looking at another website-building essential: minimum viable product sometimes referred to as MVP. If you’ve followed the steps outlined in our previous two posts, you should also have a solid understanding of what…
When building a website, it’s essential to understand all of the tools available to you so you can use them to create a compelling user experience. Website mockups allow you to see what your site will look like before it goes live. Not only does this ease communication between you and your developer, but it can also help eliminate time-consuming mistakes during the build process. What are Website Mockups? Simply…
Creating an effective, up-to-date real estate website is critical to building and maintaining a successful business. Know these three industry trends within the real estate space if you want to keep client leads coming through the door. Even if you’re with any of the big national firms -their marketing dollars won’t help you here! As you read this blog, feel free to think about your own website and how it…