"Hey bar owners, or those interested in being bar owners, check out this great article on tracking inventory..." - Larry
Tracking Inventory: A Profit Paper Trail
Nightclub & Bar (www.nightclub.com)
August 15, 2011
By: Robert Plotkin
To be financially successful, you need to know what inventory you have, how much you paid for it and exactly where it is at any point in time. Tracking products throughout your operation doesn't necessitate purchasing high-priced software. Instead, it requires implementing a series of overlapping internal systems that in concert track every product through the inventory cycle. In bookkeeping jargon, it's referred to as "cradle-to-grave" accounting. While uncomplicated, they key to the system is ensuring that all of the components are in place and being used properly.
To read the full article... click here.
Showing posts with label small business planning. Show all posts
Showing posts with label small business planning. Show all posts
Thursday, August 18, 2011
Wednesday, September 1, 2010
Check out 5 Things Small Businesses Want from Washington | Business News Daily
5 Things Small Businesses Want From Washington
August 23, 2010
By Jeanette Mulvey
Business News Daily Managing Editor
Hardly a day passes without President Obama calling on Congress to pass the small business bill in September. The legislation would free up $30 billion in loans and institute a number of tax credits for small businesses. Small business owners are skeptical about how effective the bill will be.
Business News Daily asked 50 small business owners across the country how Washington can help get their businesses back on track. Five key trends emerged.
Ease lending requirements...
Repeal 1099 reporting requirements...
Make it easier to get government contracts...
Communicate better...
Get out of the way...
"Let business do what it does best: Make stuff and provide services that meet the needs of the customers." said Paul Chase, a Pennsylvania-based real estate agent. "There is certainly a need for some regulation, but companies are being regulated to death."
To read the full article... click here.
August 23, 2010
By Jeanette Mulvey
Business News Daily Managing Editor
Hardly a day passes without President Obama calling on Congress to pass the small business bill in September. The legislation would free up $30 billion in loans and institute a number of tax credits for small businesses. Small business owners are skeptical about how effective the bill will be.
Business News Daily asked 50 small business owners across the country how Washington can help get their businesses back on track. Five key trends emerged.
Ease lending requirements...
Repeal 1099 reporting requirements...
Make it easier to get government contracts...
Communicate better...
Get out of the way...
"Let business do what it does best: Make stuff and provide services that meet the needs of the customers." said Paul Chase, a Pennsylvania-based real estate agent. "There is certainly a need for some regulation, but companies are being regulated to death."
To read the full article... click here.
Friday, May 7, 2010
Know Where You Want To Go... Alice and the Cat
Alice and the Cat: Quotes: Alice in Wonderland
Alice: Would you tell me, please, which way I ought to go from here?
The Cat: That depends a good deal on where you want to get to
Alice: I don't much care where.
The Cat: Then it doesn't much matter which way you go.
Alice: …so long as I get somewhere.
The Cat: Oh, you're sure ...to do that, if only you walk long enough.
Business Sherpa: "Many business purchasers are like Alice when they buy a business as they have no plan or vision for the direction of the business which they have purchased they just want it go somewhere, those who have a plan or vision usually are much more successful, just running the business is not a very good plan, but it will get you "somewhere"--bankruptcy court???"
Alice: Would you tell me, please, which way I ought to go from here?
The Cat: That depends a good deal on where you want to get to
Alice: I don't much care where.
The Cat: Then it doesn't much matter which way you go.
Alice: …so long as I get somewhere.
The Cat: Oh, you're sure ...to do that, if only you walk long enough.
Business Sherpa: "Many business purchasers are like Alice when they buy a business as they have no plan or vision for the direction of the business which they have purchased they just want it go somewhere, those who have a plan or vision usually are much more successful, just running the business is not a very good plan, but it will get you "somewhere"--bankruptcy court???"
Friday, April 23, 2010
Small Business Owners Still Doubtful about Economic Turnaround
Blog By JULIA L. ROGERS, AOL SMALL BUSINESS
Small businesses aren't quite buying the reality of economic recovery yet, reveals a survey conducted by the National Federation of Independent Business (NFIB) in March. Most have continued to be tight-budgeted, stalling hiring and expansion in the sector.
Entrepreneurs in small companies across industries are still frustrated as they watch larger companies get low-interest credit and enjoy rejuvenated businesses. Unfortunately, their pessimism and failure to take advantage of all benefits offered to them is seriously affecting the strength and speed of the recovery. Because of sour attitudes among those in the small business community, economic experts believe that President Barack Obama has his work cut out for him as he attempts to move forward with fresh policies to help smaller companies add jobs and expand. Reuters reports that issues related to employment and job opportunities are critical in this congressional election year and could make or break results...
To read the full article... click here.
Small businesses aren't quite buying the reality of economic recovery yet, reveals a survey conducted by the National Federation of Independent Business (NFIB) in March. Most have continued to be tight-budgeted, stalling hiring and expansion in the sector.
Entrepreneurs in small companies across industries are still frustrated as they watch larger companies get low-interest credit and enjoy rejuvenated businesses. Unfortunately, their pessimism and failure to take advantage of all benefits offered to them is seriously affecting the strength and speed of the recovery. Because of sour attitudes among those in the small business community, economic experts believe that President Barack Obama has his work cut out for him as he attempts to move forward with fresh policies to help smaller companies add jobs and expand. Reuters reports that issues related to employment and job opportunities are critical in this congressional election year and could make or break results...
To read the full article... click here.
Thursday, April 1, 2010
Starting a Business with Limited Time and Money
By STEVE STRAUSS, AOL SMALL BUSINESS
Q: I would like to start my own business, but my problem is that I don't have a lot of money. I also have a job which I cannot quit. How do I start a business that way?
A: It is actually good that you have a job, since that makes starting a business on a shoestring much more viable: You keep the job while starting the new venture and work on it in the evenings and weekends. It will help pay the bills as you get started.While it would be nice to have a surplus of money to start your business, it is equally true that most small businesses are begun with less than optimal funding ... maybe not shoestring funding, but it can be done.
The most important thing is to pick the sort of business that can be launched inexpensively. Here are your best bets:
1. an online business
2. a service Business
3. a home-based business
4. a part-time business
to read more… click here.
Q: I would like to start my own business, but my problem is that I don't have a lot of money. I also have a job which I cannot quit. How do I start a business that way?
A: It is actually good that you have a job, since that makes starting a business on a shoestring much more viable: You keep the job while starting the new venture and work on it in the evenings and weekends. It will help pay the bills as you get started.While it would be nice to have a surplus of money to start your business, it is equally true that most small businesses are begun with less than optimal funding ... maybe not shoestring funding, but it can be done.
The most important thing is to pick the sort of business that can be launched inexpensively. Here are your best bets:
1. an online business
2. a service Business
3. a home-based business
4. a part-time business
to read more… click here.
Sunday, March 28, 2010
Life Plan Before Business Plan
This blog post kicks off a three part series on Start-up Success for Small Business Trends. Great advice for anyone looking for success in their entrepreneurial path.
By Melinda Emerson, Smallbiztrends.com
Many people dream about owning a small business. You may be one of those people who have had a “notion” for years that someday you would be president of a company, successful beyond your wildest dreams. Turning that dream into reality is an evolutionary process. It involves not only having a solid business idea but also knowing the “business of running a business.” You will need to get your arms around stuff like accounting, marketing, and operations, but before you dive into crunching numbers for your business plan, consider this:
It is my strong belief that would-be entrepreneurs need to develop a life plan before they ever write a business plan. Why, you ask?
Because entrepreneurs who don’t get clear about what they want from life run the risk of starting a business that might not be a good business for them.
To read more ... click here.
By Melinda Emerson, Smallbiztrends.com
Many people dream about owning a small business. You may be one of those people who have had a “notion” for years that someday you would be president of a company, successful beyond your wildest dreams. Turning that dream into reality is an evolutionary process. It involves not only having a solid business idea but also knowing the “business of running a business.” You will need to get your arms around stuff like accounting, marketing, and operations, but before you dive into crunching numbers for your business plan, consider this:
It is my strong belief that would-be entrepreneurs need to develop a life plan before they ever write a business plan. Why, you ask?
Because entrepreneurs who don’t get clear about what they want from life run the risk of starting a business that might not be a good business for them.
To read more ... click here.
Subscribe to:
Posts (Atom)
Son Isaac on Camel in Tangiers
