In this day and age it’s difficult to succeed without a certain element of innovation. Competition is growing due to the rise in global trade, and the internet has virtually eliminated common barriers to entry in a number of industries. Innovation has become a key element of starting up and growing a small business. Anymore, it’s not just enough to have a good idea and solid business plan. Below are four ideas for promoting innovation in your small business.

Don’t be afraid to be different. So many industries are rooted in traditional ways of doing things. While the traditional ways of doing things may work, it’s much more difficult to stand out within your industry if you decide to follow your…

Read More

Are you looking to reduce your overhead expenses for your start-up? Or are you wanting to cut down costs by adapting your small business to modern times? There are a number of ways you can reduce your monthly expenses by adopting new, more efficient programs and practices for your business. Ranging from cloud computing to electronic filing, the modern trend is to reduce your business to the size of a laptop, roughly 9” x 12”. Whether you’re currently operating your business from your home (or a local coffee shop) or you’re situated in a traditional office space, it may be time to explore coworking spaces as a cost-effective, efficient way to run your business. Today’s post will highlight some of…

Read More

I’m sure you know how important tax issues are to small businesses. Your annual tax bill will reflect, in part, your skill and knowledge as a small business owner. Not only should you be concerned with your ability to comply with the maze of complex IRS regulations, you should also be concerned with taking advantage of every opportunity to reduce your taxes. Today’s post will highlight some simple tips to help you take advantage of tax savings for your small business.

Write It Off!
You are allowed to deduct all “ordinary and necessary” business expenses from your revenues, which will reduce your business’ taxable income. The obvious deductions include expenditures for business travel, equipment, salaries, or rent. Here are a few more…

Read More

In small business marketing, there’s no tried and true way to find customers that works for every business in every industry. Instead, it’s often through trial and error that we learn and progress. As a small business owner, it isn’t easy to spend money on advertising. When it comes to spending cash for marketing, small business owners tend to be as conservative as possible. We’re often skeptical of new marketing campaigns and advertising tactics. For some reason marketing is one of the first places business owners cut back on spending. Keep in mind though, it’s hard to find customers if customers can’t find you. Today’s post will provide some tips for trial and error marketing, as well as some of…

Read More