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Small Business Articles

Preparation Needed for Selling a Business

So you’ve decided it’s time to sell your business. You may want to retire, or you simply want to unload the company before the market turns against you. How do you go about finding someone to actually buy your business? Determine Your Business’ Valuation Before you can sell anything, you have to determine its market price. If your business is…
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Recruiting for Small Businesses – Getting a Competitive Edge

As a small business owner you want to seek out the best and brightest employees, but how do you compete with big business?  Here are a few tips that will give your business the competitive edge in recruiting and hiring. They have name recognition.  It’s time for you to get the word out.  Sign up for career fairs in your…
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Developing an Action Plan

Action plans, or road maps to accomplishing a set goal, are widely varied. They can be used for personal goals as well as career-related ones. While the content of each will vary, the general template is the same, and can be modified in various ways to suit your needs. Each action plan generally starts with a declaration of a set…
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Should a Small Business Practice Total Quality Management?

Total Quality Management is the dedicated effort to providing a continuously-increasing level of quality in an effort to retain the attention (and repeat business) of your customers. Widely practiced throughout the world, large corporations are continuously examining their products and services through the practice of TQM to optimize their competitiveness, paying particular attention to their core customer base. So why can’t…
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The Life and Times of the Legendary Steve Jobs

Apple CEO Steve Jobs has resigned, handing the reins of the company he co-founded over to his long-time right hand man, Tim Cook. At his retirement, Apple had eclipsed oil giant Exxon Mobil as the world’s largest corporation, with a $350 billion market capitalization and nearly $80 billion in cash. Steve Jobs’ storied life and career is legendary, and truly…
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Which Organizational Structure is Right for Your Business?

When setting up a new business, you should pay careful attention to designing your company’s organizational structure. This should be decided according to your company’s size, industry and aims. You should think of organizational structures as communication flowcharts. Poorly conceived organizational structures will result in sluggish, inefficient communication in which managers at various levels are required to deliver information to…
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How Do You Buy a Business?

Starting a new business can be a long and drawn out affair for most people, with the fruits of your labor not paying off until the business becomes profitable. Buying an existing business holds many advantages for entrepreneurs who want to avoid the time, effort and expense of starting a new business. One of the most important factors to consider…
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How to Succeed in Business

Our mission at BusinessDictionary.com is to help people succeed in their careers. As founder and CEO I’m frequently asked for career advice, so I thought it was worth compiling some wisdom I’ve gained over the years, things I wish I had known when I first started the company, to help you avoid mistakes I made and achieve more success in…
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