Posted by Bill McDermott on Fri, Jun 07, 2013 @ 12:43 PM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
Wells Fargo settles foreclosed-homes complaint
U.S. adds 175,000 jobs; jobless rate moves up
10 tips to help you hire right
Posted by Bill McDermott on Wed, Jun 05, 2013 @ 11:53 AM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
SunTrust to add HOPE counselors at branches
US service firms grow at a faster pace
6 banks hiding the most from customers
7 traits of true leaders
Posted by Bill McDermott on Tue, Feb 05, 2013 @ 11:00 AM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
Small firms say LinkedIn works, Twitter doesn't
Never say 'no' to a potential customer
How to manage the stress of uncertainty
Posted by Bill McDermott on Mon, Aug 06, 2012 @ 01:26 PM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
State Bank net income at $11M in second quarter
Mobile payment options grow for small companies
Congress goes on break with several small business matters unsettled
5 ways to take customer loyalty to the next level
Posted by Bill McDermott on Fri, Jun 22, 2012 @ 11:31 AM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
Women entrepreneurs spur emerging countries' growth
Goodbye PowerPoint, Hello iPad
Coffee shops good for creativity buzz
Facebook's marketing tools you might not know about
Posted by Bill McDermott on Wed, Jun 13, 2012 @ 09:42 AM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
Regions Financial expands specialized industries division
Charisma isn't enough, great leaders execute
7 things to know about pitching to investors
5 traps to avoid when growing your business
Posted by Bill McDermott on Thu, Jun 07, 2012 @ 12:24 PM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
How one Google employee prevents burnout
5 easy fixes to improve your company's website
The office is shrinking as tech creates workplace everywhere
Citing growth, Fed chief gives no hints of new stimulus
Posted by Bill McDermott on Wed, May 30, 2012 @ 12:00 PM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
The making of a CEO: Leading change
How to squeeze 25 hours into your day
Consumer confidence plunges in May
Texting a path to success
Posted by Bill McDermott on Thu, May 24, 2012 @ 10:53 AM
Our daily business and finance news round-up is here. We hope you enjoy a few top articles discussing relevant issues to the business and financial worlds.
Southern Company elects E. Jenner Wood III to board of directors
Small businesses in southeastern states suffer due to housing meltdown
How to get acquired for a big price
How valuable is your rolodex?
Posted by Bill McDermott on Mon, May 21, 2012 @ 09:02 AM
According to the US Small Business Administration, there are about 1 million businesses started every year since 1988.
If you’re thinking about starting a business, here’s some practical advice about where to start. Strategic planning is critical. Start by answering these questions
- What is my mission? (Why should this company exist)
- What are the core values of this company I want to start?
- What is my value proposition to the marketplace? (What problem do I solve)
Do a SWOT analysis. This will give you an idea of what your strengths, weaknesses, opportunities and threats are.
Much of this information can be captured in a business plan, which will be used in a bank presentation or venture capital funding request if you decide to obtain financing for your business.
The best thing I did when I started three years ago was put together a small board of advisors for my business. This included an attorney, a CPA and a banker. The attorney helped me determine the legal structure for the business. The CPA advised me on the tax implications of each legal structure and then helped me obtain the necessary tax identification number for the business. The banker helped me set up a bank account for the company and handled other services for me like remote deposit capture.
Depending on the type of business you want to start, choosing a location for your business is critical.
Funding your business is also important. You may choose to start up your business by liquidating some of your personal assets. Some may decide to obtain an SBA loan. There are many SBA loan options, so check out www.sba.gov for information about the various programs. You may also choose to seek venture capital funding. This is an expensive option, but may be necessary depending on your situation.