BizOp Blogs

On January 26, I posted an article entitled Debt And The Small Business Owner. In that article , I pointed out that shortage of cash flow kills a small business faster than anything else. Since loans produce debt, and debt produces monthly payments, and monthly payments require more cash flow, business... More

I will never forget that scene in Cool Hand Luke after Paul Newman was captured on a failed escape attempt. The warden stood on the porch on that unbearably hot day, and shouted so that all could hear–”What we have hear is a failure to communicate.” Those words still echo in my mind.... More

It started with the grainy, sometimes out of focus video clips on YouTube. Since then, ” Video on the Internet has gone from being the next big thing to the current big thing” according to an Associated Press Report. Nearly a dozen video related start-up companies will be presenting their... More

No matter what size your business is, you likely have at least one computer. Most of you have multiple computer systems in various portions of your business used by multiple users. If that describes you, allow me to introduce you to someone with whom you need to become very familiar before they become... More

I know–”There’s no such thing as a free lunch.” “If it seems too good to be true, it probably is.” The eternally cynical, “glass is half empty crowd” have some pretty catchy slogans. But the truth of the matter is, there are some really good things available... More

Maintaining a successful small business in today’s environment is extremely difficult. Starting one up and being successful is even more difficult. Research says most start up companies will fail within the first five years. That is depressing. But it gets worse. Scott Shane is a professor of... More

In her list of 10 Causes of Small Business Failure and How to Avoid Them Michelle Witham does an excellent job of discussing the common pitfalls for small business owners. It is interesting that out of the 10 reasons she discusses for small businesses failing, shortage of money comprises six of them.... More

We’ve heard it Ad Nauseum over the past few days. The stimulus package doubles the amount Small businesses can expense in the purchase of equipment. That is the biggest (and really the only) advantage to small business in the stimulus package as it came out of the House. But now it’s in... More

It’s called the IBM Small Business Suite. Such a simple name for a product that has earthquake potential in the Small Business Software market. According to E Linux Apps.com, this software package offers the following things: The IBM Small Business Suite is an integrated set of market-leading... More

It has taken a very long time to happen, but Democrats and Republicans in the House have cooperated together with the President to get something positve done for the American economy. Thank God for election years–or this never would have happened. According to a Bloomberg report, there are several... More

In any business there is a front door and a back door. The front door represents incoming revenue and the profits it generates. The back door represents outgoing revenue which adds no value to the business. Certainly, anything that goes out this back door reduces the profitability of the business and... More

One of the pitfalls of a small business is misdefining its customer base. Some small business owners get into the rut of thinking their customers are limited to the folks who walk through their doors. Someone has said a rut is just a grave with both ends knocked out of it. That is certainly true in this... More

Recession affects everyone in our economy. Manufacturers, distributors, retailers and consumers are all negatively affected when the winds of recession begin blowing across the plains of a free market economy. But no entity on the business side of the equation is more impacted than the small business... More