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Archive for the ‘Small Business’ Category

How to Start a Small Business

Wednesday, April 21st, 2010

Many people have the dream of owning their own business; however, unfortunately, many don’t have the expertise or even any form of knowledge on how to start a small business. But, there are many services that are available for anyone who is interested in starting a small business, you just have to know how to obtain the information that you are looking for.

You can always research the internet for the particular information that you are looking for. You can also access small business websites that are designed for this specific purpose. Make sure that whatever website that you may be looking at for your information that it is reputable and that you can trust the information that you may be accessing. Unfortunately, while there may be loads of quality information available on the Internet, there is also information available that may seem relevant; however, it will only prove to be detrimental to your business.

When trying to learn how to start a small business, you can always contact the Small Business Administration to gain access to any relevant information that you may need. You can also use this service to gain access to information that will show you how to apply for a business loan, what type of documents that you may need, like a business plan, and much more. There are also small business agencies and services that are available for you as well.

So, you will find information on how to start a small business in several different places, you just have to know where to look and where to begin. There is tons of information available but don’t get overwhelmed, you will be able to sort through it pretty easy by specifying the topic of information that you are looking for. This way, you will be able to eliminate the unnecessary or irrelevant information that can prove to be time-consuming detour.

Small Business Dashboard Options

Wednesday, January 20th, 2010

Most of the new Small business’s fail not because of their execution or anything else but because the owner never realized where the problem is. To keep track of your business, you need to actively monitor who is your top customer, what is your open account receivables, what is your inventory etc

A small business is often bootstrapped so obviously there are no administrators who will run the reports so it is the owner’s job to keep a daily health check of his business.

MyBizHomepage, a Middleburg, Virginia-based startup, automatically uploads your QuickBooks data (2007 and 2008 versions only) to your own customizable web page, where you can keep an eye on your enterprise’s critical operational factors in real time. Many are standard-but-important business measures-the state of payables, receivables, cash flow and inventory.

In the above option you need to send your quickbook data to a third party which may be of little concern for few business owners.

InfoCaptor, is another Dashboard alternative where you can download the software on your PC and view the dashboards. It provides Expense trending, Sales trending and various gauges for financial ratios to alert you if your business is going off-track.

Sure, all of this information is available right in Quickbooks but the problem is you need to run seperate reports to get all these information. So lets say it typically takes 5 mins to run a typical report and if the business owner where to run say 10 different reports on a daily basis that itself accounts to a precious 50 mins of his/her time.