Starting a business is an endeavor that requires abundant energy, planning and perseverance. Many potential small-business owners will ask themselves, “Do I really need a business plan? I know what…
The fourth article in our five-part series, “5 Key Steps of Home-Based Businesses: Moving from Start-up to Mainstream” is “Growing with Magic Beans.” This step keeps the doors opened, so to speak, and the cash flowing. The “magic beans” required to grow your business through increased sales are marketing, networking and building a customer base.
The third part in our five-step series on home-based businesses, Keep on Tracking, focuses on the importance of staying on top of competition, products, services, operations, and record keeping. This is where entrepreneurs really need to take a step back and view their business with an objective eye (from customers’, accountant’s, and business advisors’ points of view). In essence, this is an analysis step.