The Corona Virus for Small Businesses

Consultant Journal

How should small business owners manage the corona virus, aka COVID-19 ? It’s a question on the minds of many entrepreneurs, as Fortune 500 companies announce new protocols for travel, meetings and even use of coffee cups. Business Process Review. Business continuity.

Managing the very small business

Seth Godin Blog

How do you find, lead and manage employees in a tiny business (two to nine people)? Fellow travelers: This is a group of people with similar goals, approaches and perceptions.

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Why CEOs Hate Trade Shows

Joellyn Sargent

CEOs complain that exhibiting at trade shows is expensive, consumes lots of staff resources (especially for small companies) and offers nebulous results. Capture all your costs, including staff time on site, travel expenses, pre-show marketing and post-show follow-up. Regardless of what show organizers tell you (they’re selling space, after all) and where your competitors exhibit, you need to ensure each show is right for your business. Boondoggle or Necessary Evil?

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Cash Flow Relief for Independent Consultants: the CARES Act & Other Ideas

Successful Independent Consulting

We’re in an unprecedented situation because of the COVID-19 coronavirus, and the economic fallout has been drastic for many business sectors, such as travel and restaurants. A loan from the Small Business Administration 3.

Avoid W-2 Status and Extra Tax: Become a Licensed Business

Successful Independent Consulting

If you’re smart, you’re getting paid on 1099 tax basis, deducting your business expenses, and contributing to your own retirement plan to lower your tax bill. Business License FAQs Q. Am I legally required to have a business license? Should I have more than one business license?

How I Became a Millionaire as an Independent Consultant

Successful Independent Consulting

On the other hand, you’d be able to take business-owner tax deductions and save more for retirement, both of which lower your taxable income. Maintain a sterling reputation to get repeat business. For me it’s time with family and friends and traveling.

15 Best Business Podcasts for Independent Consultants

Tsavo Neal

Podcasts make amazing listening material for commutes, travel, and listening for when you don’t feel like taking out a book. I sought to find the best podcasts for consultants: podcasts that help them provide more value for their clients, acquire new business, and expand their minds.

Five trends of future working


Start-ups, small businesses, and local organizations are not exempt. More enterprise level businesses will provide more opportunities for charity and community building to employees, versus just writing a big check to a cause. Workplaces are sacred.

Restoring Derelict Spaces to Lease-Ready Condition

Tom Spencer

This refers to taking a small vacant space and converting it into a restaurant or shop. Adding a bricks-and-mortar location to an existing online business. Many small businesses refer to the acronym POD, Phone, Office, & Desk, being the minimal space necessary in order to work.

Q&A on Sustaining and Building Business in Crisis Times

Alan Weiss

People who are using terms such as “business first responders” or something like that I find detestable. . What if my business is reliant on my showing up and interacting with people? Should the money I keep (cash) at home be in small or large bills?

Staying Safe Is the Motto of the Day, Week, Month

Martinka Consulting

I do know the virus has a longer than normal life of being alive, spreads super-fast through our easily traveled and networked world, and that’s what’s concerning people So, let’s cover what it’s doing to people like you and me, i.e. business owners and executives. The headlines tell us the airline industry, cruise industry, and therefore related businesses like hotels and suppliers are having problems. But what about small businesses, that I really feel for?

4 Ways Cloud Computing Impacts Business Success

Tom Spencer

Below we explore 4 ways that cloud computing is having an impact on business success. Cloud computing technology provides enhanced and affordable business communication. For many businesses, data is one of the most valuable assets.

The Crazy Lives of Consultants: The Client is Always Wrong

The Crazy Lives of Consultants

So, I will remember this small but important lesson later on when my career kicks off. Freeman School of Business Tulane University. Posted by: small business consultants. Business School. (1). Business School. (1). skip to main | skip to sidebar. Monday, March 11, 2013. The Client is Always Wrong. The hardest-learned lesson for any young consultant is how to be wrong. After all, youre the expert, right?

How You Can Use Signage To Brand Your Business

Tom Spencer

Business owners know that they can’t attract customers if those customers don’t know that they exist. Let’s look at the link between branding and signage and list some reasons why clever signage can be an effective way to advertise your business.

The Psychology Behind Marketing Online Education

Tom Spencer

Sarah is a small business owner, and is currently learning about marketing using the internet. Aside from working on her own business, she likes to use social media, and read travel books. This is a guest post from Sarah Smith.

4 Financial Innovations to Make Business Easier

Tom Spencer

The competitive nature of business today is stronger than it has ever been, and so it is important for companies to use all of the tools at their disposal. Here are four (4) examples of financial innovations that can make your business easier to run.

Attitude vs. Aptitude: What’s More Important?

Tom Spencer

However, as this dilemma continues, more and more employers are starting to re-examine the typical business thinking that aptitude must always take the lead over attitude when it comes to new hires. Communications and Business Acumen. This is a guest post from Sarah Smith.

Fraud or Just Marketing

Martinka Consulting

In my world of small business buy-sell there are almost as many ways to inflate a business’s income as there are on Wall Street. What this means is the owner’s salary, medical insurance, cell phone, car, travel, and more are added to profit because these items are “discretionary” not necessary. It’s even worse when the salaries are added back for multiple owners, all or whom are active in the business. Business Buying Exit Strategies Weekly Memo

Inside the Minds of Your Prospects: 37 Critical Digital Marketing Statistics for Consultants

Tsavo Neal

Do you judge a business based solely on their level of service — or by how their website looks? We would like to think that we only judge people and businesses by their actions. You may be the most capable consultant to solve help her business.

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Is Passion (at Work) Optional?

Joellyn Sargent

The keynote for the evening was delivered Jim Beach of the School for Startups, and the new and aspiring business owners in the audience were captivated. ” Isn’t that the goal of starting a business? Who enjoys dealing with taxes, regulations and troublesome travel?

6 Steps to Make Your Strategic Plan Really Strategic

Harvard Business

And in a small business, like a convenience store, it initially is: customers, employees, suppliers, and owners. Its target customers aren’t mums and dads lodging their annual tax returns, or small businesses that need help with their accounts. These are the key decision-making criteria that stakeholders use when interacting with your business. Alicia Llop/Getty Images.

For Some Platforms, Network Effects Are No Match for Local Know-How

Harvard Business

And what can Grab teach us about the future of platform businesses? To venture capitalists and the financial market, no business model is more attractive than a platform. For example, Uber and Grab link riders and drivers, Airbnb links hosts and travelers, and Amazon links shoppers and sellers. The spectacular growth of these businesses has been commonly explained by “network effects,” a common refrain among economists and academics.

Passenger Experience: The World’s Busiest Airport

Joellyn Sargent

” As an Atlanta-based frequent traveler I found it heartening to learn that the public sector is starting to catch on to that fact that what’s good for people (in this case passengers) is good for business, too. Being a passenger-friendly airport not only helps airlines and airport concessionaires earn more, it helps local businesses. That’s part of the reason I tend to favor small airports.

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Why consulting?

Management Consulted

For our final project, the class was broken into small groups and each group wrote a 40 page paper examining a thesis in an industry of their choosing. After a BSc in Biology I worked in the safari industry in Botswana, working for small companies that catered to high-end clientele.

Why African Entrepreneurship Is Booming

Harvard Business

According to him, his business nearly collapsed early in the year when he could not access the foreign exchange market to import the raw materials required for his paint production. But despite these challenges, the painter came up with new ideas to keep his business going.

Mobile Phones Promise to Bring Banking to the World’s Poorest

Harvard Business

Overnight, these technologies create billionaires and business models so beautifully unique and freakishly inspired that we call them “unicorns.” laura schneider FOR HBR.

The Value of the Owner to the Business’s Value

Martinka Consulting

Every so often I hear the statement, “the business is so well run you can hire a manager for $50-60,000 a year to keep it running.” The implication is that the rest of any owner compensation is really profit and therefore the value (and price)* of the business should be higher. This may make sense for a micro-business (a lot of franchises are good examples of where a non-owner manager can run it just fine), but do you really think this applies to a sizable small business?

How Amazon Adapted Its Business Model to India

Harvard Business

That something was the very business model that had made Amazon an internet powerhouse in the U.S. Founder Jeff Bezos’s initial business model was fairly simple: Source a single product type from wholesalers and publishers and sell it directly to consumers on the then fledgling internet.

How an Ecosystem Mindset Can Help People and Organizations Succeed

Harvard Business

They sell small trinkets, beg coyly, stay quiet, and generally stay out of your way. The two launched a small business based on mutual observations of what people in these camps spend their time doing. Along the way, partner with others, try small tests, and learn.

You Can Be a Great Leader and Also Have a Life

Harvard Business

And billionaire Mark Cuban worked until 2 am launching his first business and didn’t take a vacation for seven years. Dimitri Otis/Getty Images. Tesla and Space X CEO Elon Musk tweets that no one changed the world working 40 hours a week.

How India Is Moving Toward a Digital-First Economy

Harvard Business

Yet the fact remains that, in the first month after the introduction of the GST, over 1 million businesses registered with the system. In only the first few weeks after implementation, the increased transparency and digital data availability that are integral to the GST began to open up new sources of lending to small- and medium-sized enterprises (SMEs). In broad terms, digital disruption by government has not kept pace with digital disruption in business.