Have you taken a look lately to see if federal contracting is right for your small company? Many small business owners are reexamining the certification criteria for the federal 8(a) program. But even if you qualify, is the program right for your industry and your business? For some businesses in certain industries, 8(a) continues to make sense. While statistics from FY 2011 revealed a drop in 8(a) awards, agencies still…
Becoming an exporter can feel like an impossible goal for many small business owners. But an innovative federal program is making it easier for more companies to take that next big STEP. STEP stands for the State Trade and Export Program. The U.S. Small Business Administration has awarded millions in grant funding to Missouri, Kansas and several other states, which in turn help companies market themselves globally. The rationale for…
Is your organization fit enough to win? We’ve all seen the footage of the unfortunate gazelle falling prey to the lion. That gazelle is the one unable to outrun the cat due to its health or fitness level. While this is not a pleasant sight to behold, it is an example from which leaders should learn. Whether we’re talking about a partnership of two or a corporation of 200,000, even…
Building a “business road map” can help you get more from your banker and your business.Small businesses often overlook the importance of preparing an annual budget and business plan. Not only can these tools establish the groundwork for success, but creating them is an excellent way for business owners to have a meaningful conversation with their banker. The start of a new year is the perfect time to undertake this…
Other paths to growth are out there—if you know where to look. One of the best things about franchising is that it gives entrepreneurs a fairly straightforward, logical way to grow their enterprises. For some business owners, it can be as simple as adding more locations of their current franchise. But there are other opportunities for growth, too, that might not be as readily apparent. Multiple Units This is where the…