It doesn't make sense, does it? Amazon is the king of online retail and the world's biggest seller of books. The company has dominated the bookselling industry for years and is a constant threat to the survival of its largest competitor, Barnes and Noble. And yet, according to the... Continue
An effective strategic planning process involves having discussions with employees and outside vendors, as well as analyzing your small business and the industry. The outcome is a formal document—the strategic plan—that details your business's current status, its strengths... Continue
When analyzing your small business's performance, the accounts receivable turnover ratio is an important metric to know. This ratio evaluates how effectively you are collecting your receivables when customers buy on credit. Specifically, the accounts receivable turnover ratio... Continue
In 1996, Jay Bush, brand spokesman and great-grandson of founder A.J. Bush, was about to get his moment in the spotlight. Advertising executives urged Jay Bush to be the pitchman for his family's brand of baked beans. Camera-shy, Bush leaned on his golden retriever, Duke, for... Continue
As a small business owner, you're likely more concerned with cash flow, sales, and managing employees than getting sued. However, the reality is that small business owners will face the threat of a lawsuit at least once over the life of their... Continue
The holidays are a time of celebration, but they also can be a time of stress. Maybe you feel overwhelmed trying to find the right gift for everyone on your list. Or maybe you're dreading those long holiday lines at your local shopping mall. As a... Continue
