Author: Patrick Fitz-gibbonYou know your business; that is why you ventured into your field in the first place, but do you “know business”? Many small business owners know their respective fields but lack specialized knowledge about good business practices. If you find that your business could use some help establishing good business practices consider hiring a small business advisor. Small business advisors can help the budding entrepreneur...more
Website traffic is a resource to your online business. When I say a resource, I mean you must do something to get it, build it or drive it. Website visitors do not land on your page by accident.Online business is not like a brick-and-mortal shop that if you rent a shop at the central district, you have the traffic. It does not work this way.This is my slogan: you have website traffic --> you have business --> you have incomeHow do you drive...more
Author: Patrick Fitz-gibbonAssessing current performance is an excellent piece of business advice because it is an integral part of running your small business. While this business advice can be taken qualitatively, or by looking an the various “qualities” of the business performance such as customer satisfaction, assessing the performance of your business quantitatively, or by the numbers, is a much better method because it is objective and tangible. It is easy to understand that red pencils, for example, are not selling and to know the expense of the outlay to purchase those red pencils, but it really does go deeper than that. Initial Outlay The initial outlay is the actual cost of the item or service required to start. This measure can be looked at singularly, as in the case of the red pencil, or at the business level as in the cost of offering a new product or service. Take for instance a restaurant that would like to start selling pizzas. The initial outlay would involve the cost of the equipment needed to make the pizza (such as a pizza oven, a dough mixer, a pastry board, a pizza shift, pizza cutters, etc.), the cost of the equipment to serve the pizza (specialty...more
Author: Patrick Fitz-gibbonLean is an approach to developing a more efficient way of doing things, basically using less to do more, which can be a small business help. Six-Sigma is a concept of “lean” production that was developed for small business help in the 1950’s. Since its development it has gained in popularity and helped many...more
To make your business profitable, you must have two critical things in place. The first is a business model that adds up. In other words, what you offer and how you offer it will generate the amount of money you need, minus all your expenses. Your business plan and projected financial statements prove that your plan will take you where you want...more
Author: Patrick Fitz-gibbonFor the small entrepreneur, finding small business tips that actually make a difference can be difficult. Too many sources of advice offer indistinct business tips with even more vague instructions as to how to attain those goals. The small business owner has a need for business advice that can be applied effectively. Donald Trump, author of “Art of the Deal” and real estate mogul, has some simple advice of his own for the would-be entrepreneur. Trump quotes, “Get in; Get it done; Get it done right; Get out.” Get In Getting in the game is important. How can you reach a destination if you never embark on the journey? The same is true in business and other aspects of life. Whatever it is that you want to do- start a business, improve the profitability of an existing business, branch into new markets, develop new product/service offerings- action is a key element of success. Patrick Fitz-Gibbon, online entrepreneur and small business coach, says “Thinking is great but without ACTION, it is actually worthless.” Get It Done Getting it done involves action, certainly, but the primary aspect involved with “getting it done” is knowing what to do....more
Ive seen this ongoing debate debate jump up again recently in several Blogs and message boards and I cant help but laugh. Its not a new debate Ever since the long copy masters of the early 1900s, people have been arguing for or against the practice....more
Knowing what your ideal clients expect from you is one of the best ways to ensure you keep existing clients and add happy new ones. You want to deliver the programs and services that your clients want and need from you. So it seems obvious then, that...more
You'd never want to lose out on the benefits of chartering a private jet whether you are going out of town for a business meeting or you want to enjoy a long trip with your family. A private charter is just the right choice for you, and it will help...more
Author: John CornerWhat is Farmville?FarmVille is a real-time sim-farm web-based online game developed by Zynga, available as an application on Facebook. The game allows you to control a virtual farm by planting, growing and harvesting your virtual...more
There are many facets to making money from forex trading but the one thing that is crystal clear is that you cannot make any money without using ar egistered FX broker.One of the best ways to get the low down on currency brokers is by visiting a...more
There was an article recently published (McSocial Enterprise Franchises Could be the Future, by Chrisanthi Giotis on Social Enterprise Live) that spoke of how social enterprise can learn from the McDonalds business model. It was, of course, referring...more