California’s Mirassou Winery is celebrating more than 150 years in business, and they want to share their success with other entrepreneurs and smart thinkers. This is the first year of their “Bright Ideas” grant program, which will honor folks who have something new and exciting to change people’s lives through a new business. Five winners [...]
Archive for the ‘Money’ Category
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Business Contests
Posted by admin on April 14th, 2011
Winning an business contest provides your small business with many benefits: free publicity and advertising, cash, and prizes related to running your own business. Some contests are a one-click type of event (enter your name and address here), others are more in-depth (with essays, interviews or months-long elimination processes). This is the most complete list [...]
Hands-On Break Even Analysis For A Small Business
Posted by admin on April 5th, 2011
Why have I never calculated a break even analysis for my copywriting company? Partially, it’s procrastination – a skill which I (and many other small business owners) hold in abundance. Another important thing has been the “what’s in it for me?” factor: why do I really need to spend more time on the backside of [...]
What Is ROI and The Economic Rate of Return?
Posted by admin on March 31st, 2011
The Stanford Graduate School of Business free monthly Stanford Knowledgebase, reports on ROI and other financial accounting ratios that determine profitability, and how well the people who use these terms actually understand them. The idea for the research came from a conversation between two of Standford’s professors, Stefan Reichelstein and Mark Soliman. Reichelstein, a managerial [...]
Make Money Without Spending a Dime Challenge
Posted by admin on March 9th, 2011
Note: I started this challenge in 2007, and still use it regularly to jump start my business. I’ve reposted this content from elsewhere, but the information still stands strong. Want all of the challenge information in one place? Then start here: Make Money Without Spending a Dime Challenge My dreams of making money without spending [...]
Profiting from Our Mistakes
Posted by admin on February 21st, 2011
A recent client of mine decided, after I had written a full eBook for them, that the content was too specific for their needs. After several weeks of back-and-forth, stressful deliberations, we jointly decided to pitch the whole thing. She went elsewhere, I wasn’t paid, and now I’ve got an essentially useless 60 page document [...]
Small Business Payments Study
Posted by admin on May 3rd, 2007
October and November of 2006 saw just under one thousand small businesses with revenue of less than $5 million a year answer a myriad of questions related to payment systems. The study found that, on average, small businesses receive an average of just over two hundred and fifty payments a month from all sources, predominantly [...]
Study Shows Sales Missed by 50%
Posted by admin on March 3rd, 2007
The TAS Group released results of its TAS Index Global Sales Effectiveness Benchmark Study 2007, which shows that in 50% of companies globally, less than half of the sales team achieves its sales targets. In addition, the report notes that American salespeople lack deal-closing skills compared to their European and Asian counterparts. It also finds [...]
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