Friday, September 7, 2007
Don't forget to notify your suppliers, customers, employees, lenders and other service providers of the pending close.
This is not meant by any means to be an exhaustive list. Please, please, please check with your state and county to find out much more information.
Thursday, August 23, 2007
A few companies I would suggest for you to use would be Carbonite ( www.carbonite.com) Rebit ( www.rebit.com). Yes, a good backup system may set you back a couple hundred dollars. But, I'd rather spend $200 on a backup system than loose everything I've worked on.
Tuesday, July 31, 2007
There are also many reasons why some small business owners deicde to moonlight, rather than quitting their full-time job. For some, it's just another way to supplement their income, for others, it is an alternative work option in the even that they may be laid off.
- Make a weekly list of all your duties, meetings, and other business activites.
- Try to save up six months enough living expenses before your quit day job.
- Set a timetable of how long you plan on moonlighting before you cross over to the other side. Some suggest anywhere form six months to a year.
- Plan on writing a business and/or marketing plan.
Good Luck and Happy Moonlighting!
Wednesday, July 25, 2007
Tuesday, July 3, 2007
Thursday, June 21, 2007
Sometime late last year I found her blog after browsing for freelance writers. Her topics have ranged everywhere from trying to live a non-debt life to what you should be paid as a freelancer. Yuwanda has given some good advice and I encourage everyone to take a look at what she has to say, and if you are interested, sign-up for her newsletter as well.
Tuesday, June 5, 2007
From this day forward, I declare my vigilant and lifelong commitment to financial empowerment and hereby pledge the following:
- I will use home ownership as a foundation to build wealth
- I will be proactive in managing my budget, credit, debt, and tax obligations.
- I will maximize my earnings potential, live within my means, and commit to save and invest at least 10% of my income.
- I will ensure that my investments are properly diversified and correspond to my current financial needs.
- I will immediately commit to a program of retirement planning and investing .
- I will preserve and protect my assets through proper financial and insurance planning.
- I will ensure that my children receive a thorough education on financial matters and business issues.
- I will ensure that my wealth is passed on to future generations through proper estate planning.
- I will actively support the creation and growth of viable, competitive black-owned enterprises.
- I will use a portion of my wealth to strengthen my community.
Source: Black Enterprise
Wednesday, May 30, 2007
- Fifty-one percent ( 51%) of the ownership is by a woman or a group of women.
- Evidence of proof of 51% majority control of the business, i.e. by-laws, hire-fire authority and other decision-making roles.
- Must seek certification in expertise area.
Obtaining a MBE is a little different due to the fact that the certificate is processed at the local level or regional level. Some offices require the company to have at least a 75% ethnic heritage ownership. The best way to find specific information would be to contact your city or municipal offices. You can also log onto www.mwbe-enterprises.com to get general information.
Tuesday, May 22, 2007
- Be a woman business owner
- Be a founder of the business
- Own at least 51% of the business
- Be actively involved in day-to-day operations
- Have been in business for at least one full year
- Have 2006 sales of at least $1 million, and
- Have less than 100 employees
To apply you must go to www.entrepreneur.com/womanoftheyear, visit the site to review contest rules and apply before the September 15 deadline.
If that sounds too tedious for you, you can always select one of seven body types they have listed online for similar results. My favorite part is that you can even match up your color palette to suit your preferences It is like your own personal tailor online! Very nice. Anyone who creates their personal shop will also receive $25 off their first purchase. Check them out at www.myShape.com .
Wednesday, May 9, 2007
Small business owners need to understand and harness the power of networking. Actually, I like to think of it as more netweaving. Yes, you are trying to increase your sales. But, it is important to build a relationship first. Your clients need to know that you can be trusted. I'd suggest going around to a few different types of organizations in your area to see what best fits you. Instead of the usual chamber of commerce, how about small & home business networks, neighborhood clubs, women or minority focused networks, and trade specific networks. If you live in a mid-sized to large city there may be more than one of these in your city.
For networking tips check out this book: Why Should Extroverts Make All The Money?: Networking Made Easy for the Introvert, by Frederica Balzano.
Wednesday, May 2, 2007
For assistance in creating a marketing plan, check out the SBA.gov website for more information.
Thursday, April 19, 2007
Marketing to Generation X'ers can be a little tough. Unlike the baby-boomer generation, they are not known to show loyalty to any one particular brand or company. But if you are offering a deal or special discount it may encourage them to stay around a little longer. Give them benefits of using your product and WHY it would help them. Is it of good value? Try not to market to just stay-at-home moms. Starting with this generation, many more dads decided to stay home with the children and/or spend much more of his time than his own father did.
Now on to Generation Y, also called Millennials. This generation is generally regarded as born between 1978-1997. They number a whopping 75 million and are entering the workforce in large numbers. Their lives have been defined by growing up with school shootings, AIDS, widespread use of computers, the 1990s economic boom and the Internet. They are tech-savvy, racially diverse, self-empowered and extremely independent. Since this generation was raised in a technology driven world, some professionals see them as impatient and image-driven. However, they use these same skills when purchasing a product by using market research and visiting websites in order to find all information about the product. The Internet is their medium.
Whatever generation your target audience is remember to tailor your marketing campaign to that particular audience.
Monday, April 16, 2007
Friday, April 6, 2007
Some of my suggestions are:
- State 529 Plans for your child's education: All 50 states are offering a 529 Plan. Even states such as Kansas, Maine and Pennsylvania offer a deduction on your taxes to ANY state-sponsored 529 Plan. Check out Kiplinger's for all the state 529 Plans.
- Invest or contribute to a SEP or SIMPLE IRA: This is something that ALL small business owners should be doing. Since we are business for ourselves we cannot rely on a 401k or pension plan to help us during " retirement." Investing in a SEP or SIMPLE IRA still allows you to have a retirement account while still being a small business owner. The IRS.gov website offers much more insight on these types of plans and how they can benefit you. Check them out.
- Other choices can be investing in mutual funds or stocks outside of your IRA, buying individual stock, or even creating a monthly budget.
- Create a living will or trust acct. In the event of your death your wishes will be carried out from what is stated in the will or trust. This may eliminate going through probate court- which can be a very length and emotional process. Sites such as legalzoom.com or medlawplus.com can assist you in creating a living will for a small fee. The wills are legally binding and are much cheaper than going through a lawyer.
The possibilities are virtually endless. It is up to us to become more financially responsible. Happy Financial Literacy Month!
Wednesday, March 28, 2007
- Offering affordable financial services to all.
- Providing customers w/ superb state-of-the-art technology
- Maintaining excellent financial performance
- Garnering the spending power of the Black community and re-channeling it back to the community.
Fully insured by the FDIC, OneUnited Bank has over a half a billion in assets and has a satisfactory CAEL rating ( Capital, Asset quality, Earnings and Liquidity). OneUnited has also been recognized with the U.S. Department of Treasury for outstanding lending practices in community development.
Please check out their website at www.oneunited.com
Thursday, March 22, 2007
Some of the past broadcasts included, Small Biz Success Stories, The Art of Innovation, 4 Ways to Avoid a Lawsuit, Building Customer Trust, Buzz Marketing and Finding New Customers.
If you would like to attend of the live broadcasts or are interested in viewing them later please click on this link: Microsoft Small Business Center
Enter your zip code and you will be taken to a list of all the broadcasts.
Monday, March 19, 2007
- Know your market. Marketing to first-generation Hispanics is very different than marketing to second (and beyond) generations. These second, third, and fourth generations live a mostly Hispanic lifestyle, but also speak English.
- Be aware of cultural nuances. Learn that Mexicans, Cubans, Puerto Ricans, and other Latin American cultures are all very different and do not all share the same customs or beliefs.
- Be sincere. If you are trying to market to the Hispanic community to make a quick buck, you are in the wrong industry. Show your audience that you sincerely care about their needs. Believe me, they will notice.
- Follow up. Take time to develop your product. Successful marketing takes time and patience, don’t expect to receive instant results.
Wednesday, March 14, 2007
Tuesday, March 13, 2007
This is my very first day of blogging and I am happy to be here. I am a Commercial Freelance Writer and I decided to create The Small Business Weekly to assist small and minority business owners with tools to help them succeed. The Small Business Weekly will be updated on a weekly basis (at least at first) that will feature news articles, polls and other links that I will incorporate into my posts. Have a good day and enjoy!
P.S. You can also visit my website at www.thecurvedpen.com.