Watchmaker or Beekeeper, which approach you take managing your business makes a big difference. Low morale, low profits, lack of staff engagement, high turnover, rampant gossip – all can be attributed to a company being led by either a Watchmaker or a Beekeeper – care to guess which one is the culprit? If you […]
Small Business Development Center Highlights 2012 Successes
The North Central Minnesota Small Business Development Center (SBDC) recently shared results for 2012 during which it provided business consulting to 415 clients and helped them access over $15 million in business financing. Tom Willett with TRW Consulting “This is great news for businesses in our region” stated Greg Bergman, North Central SBDC Regional Director, […]
The Value in a Break Even Analysis
There is an old joke “We didn’t plan on being a non-profit, but we are.” The Break Even Analysis is an extremely important business tool to learn and use for planning and running your business. The result of this calculation determines the sales necessary to pay all your business expenses. However, it can be used […]
Business Management versus Bookkeeping
Why bother with bookkeeping? Most people would answer “because the government requires it.” While this is true should it is NOT be the real reason: the real reason is to manage your business to increase income and profits. If you are using a computerized accounting system, such as the popular QuickBooks, Congratulations! QuickBooks or a […]
Business Cards – Best Marketing Investment
Business Cards – Best Marketing Investment If you are in business you need a business card. The cost of a business card is not just the cost printing, but most likely will involve some design expenses, too. What you need to understand that is a well-designed, quality business card can also become your best marketing […]