Company Strategy

There Are More Niche Markets Than Ever, and That’s a Great Opportunity for Your Business

If you follow politics, you’ve probably seen a discussion of the “Balkanization of America,” and it’s usually cast in negative tones. The idea is that—similar to Eastern Europe’s Balkans—American society is carving itself into small pieces that can sometimes be hostile to one another. Weighing in on that debate is above my pay grade, but …

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5 Things Founders Often Overlook That Can Kill Their Startup

A bad idea, gross mismanagement, or a poor work ethic can kill a startup before it’s out the gate. But there are other things founders often overlook that can kill their businesses–or severely hamper it–a little later down the road. The problem with these things is they become either difficult to fix or totally unfixable …

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Making Money Online: When Is It Smart to Buy an Existing E-Commerce Site?

Make money online! How many times have you seen those words on an email subject line or emblazoned across a piece of clickbait? I don’t think I need to tell Allbusiness.com readers that the information behind virtually every “make money online” come-on line is disappointing. However, one time-honored way to make money is to buy …

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Need a Shot of Capital for Business Growth? Here’s How to Find a Working Capital Loan This Year

“When opportunity knocks, answer the door.” I’m not sure who originally said that, but its message is clear and wise. And, I think a corollary quote—“Opportunity doesn’t knock a second time”—is also important to keep in mind. I’m making these points because after years of slogging through a ho-hum business climate, it seems that the …

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3 Mission-Critical Metrics Every Small Business Needs to Pay Attention to

I assume you know how much you’re spending on advertising. It’s an easy metric to compute even if you’ve only been in business for a month. There are other very important metrics most business owners and managers will follow once they have some sales history, such as lifetime value, inventory turnover, and other traditional business …

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