In the light of the financial crunch since last year, many economists and financial analysts were surprised to see that once powerful and big corporation just crumbled down without any sign of weakness before. So big may not be so beautiful after all.
Small businesses actually formed the backbone of many countries, while most bigger corporations are scrambling for government bailout, there are many more small businesses who are able to weather through the rough water and doing thriving businesses.
The Harvard Business Publishing has suggested the following strategies for small business to outperform the economy
1. Action
2. Planning
3. Innovative Financing
4.Give the people what they want
5. Test, Measure, Refine, Repeat.
Some years ago, a group of scientist were doing an experiment, they lock a monkey into a cage to observe how it behave under certain condition. After the monkey settled down, one of the scientists put a banana into a destined place in the cage. When the monkey saw the banana, it immediately rush over and try to grasp the banana. Unknown to the monkey, there was a steam pipe… Continue reading
"How do you propose to increase your income?" Ask any small business owner, you will receive thousand and one different answers on their plans or strategies to increase their income. And if you continue to ask, "Why do you think all these plans and strategies of your will increase your income?" You will receive another one thousand and one different answers on how they are sure their plans and strategies will works. Continue reading
The ultimate aim of any business is to generate profit, regardless of what the owner or entrepreneur said it. Without profit, no business will survive for long, let along growing. Ask any one with a basic accounting knowledge, he or she will tell you that the profit equation is very simple. Continue reading
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