MN Business 101 header

Coming to Terms with the Language of Business

Posted on June 11, 2014 at 9:31 AM
Tags: small businesses

Business TerminologyThe world of business and finance has a language all its own, hundreds and hundreds of terms, some of them so arcane that no small business owner would ever need to understand them. 

Case in point: "Accreting Principal Swap." Go on, look it up, if you dare. But pop a couple of Advil first. It's a headache in 100 words. 

Still, there are some definitions and concepts that every aspiring entrepreneur should understand. Don't know your P&L from your ROI? If it's all alphabet soup to you, here are some basic terms to get you started. In alphabetical order, of course.



Small-Biz Advocates and Consultants Play a Crucial Role

Posted on May 16, 2014 at 1:26 PM
Tags: small businesses

RescueThere's nothing worse than feeling alone and helpless, cast adrift on a sea of trouble.

And there's nothing better than, just when you think you're about to be swamped by the next wave, having someone toss a life ring and you're saved. Wheeeeew! 



Hats Off to the Dreamers, Risk-Takers, Go-Getters & Achievers

Posted on May 15, 2014 at 1:36 PM
Tags: small businesses

Minnesota Business Success StoriesIt just wouldn't be right if we let National Small Business Week wind down without a nod to companies that are making some really good things happen for themselves and their communities.

Minnesota has more than half a million small businesses. Owners make big commitments and take big risks. They work long hours and face long odds. And they succeed like crazy. Here are just a few stories from our Small Business Development Centers



Small Businesses Success Takes Partners

Posted on May 14, 2014 at 2:04 PM
Tags: small businesses

handshakeSuccess doesn't come easy when you start your own business. It takes talent, drive, guts and more than a dash of plain, old luck. 

It also helps to have some rock-solid partners in your corner. 

As we celebrate National Small Business Week, it's important to recognize that Minnesota’s small businesses don’t go it alone (or they don't have to, anyway).



Small Business Means Big Bucks in Minnesota

Posted on May 12, 2014 at 1:48 PM
Tags: small businesses

Happy Small Business Week, MinnesotaIn case you entrepreneurs have been too busy taking care of business to notice, this is National Small Business Week.

So, in your honor, the rest of us Minnesotans pooled together and got you something nice: It's the recognition and gratitude you so richly deserve. Go ahead, try it on. Feels good, doesn't it? Yeah, looks good on you, too.



The Cure for the Gulp Moment and Chronic Business Headaches

Posted on May 09, 2014 at 10:23 AM
Tags: small businesses

It may have happened a week ago or a decade ago, but most every small-business owner can tell you exactly when they had the “Gulp!” moment.

That’s the time when the excitement, optimism, and euphoria of starting their businesses suddenly gave way to a breath-stealing, temple-throbbing, sweat-inducing panic.



Government Contracts Can Give Big Boost to Small Business

Posted on April 01, 2014 at 1:42 PM
Tags: small businesses, veterans

Hot Ticket Events.jpgSelling goods and services to federal, state and local government offices and agencies can be profitable for all companies, no matter their size or target industries. But government contracts can be especially important for the stability and growth of small businesses.

That's why government at many levels takes pains to nourish small businesses by making sure they get a healthy slice of the procurement pie.



Bigfoot, Small Business Grants, and Other Myths

Posted on March 24, 2014 at 3:18 PM
Tags: small businesses

BigfootBigfoot ... the Yeti … the Chupacabra … the Loch Ness Monster … the Government Small Business Grant.

Each is a myth, a flight of fancy, an expression of wishful thinking, a figment of someone’s runaway imagination.

Of course, people can be forgiven for believing in such folklore. We humans seem to have a genetic gullibility when it comes to monsters and money.



The Income Forecast: Cloudy with a Chance of Profits

Posted on March 10, 2014 at 5:24 PM
Tags: small businesses

Forecast $$$$.jpgMeaningful financial projections are essential to business success. How much revenue will you take in? How much will be profit? Will the profit be enough to sustain the business?

No one should ever start or buy a business without a clear plan of profit and a realistic understanding of the sales volume needed to achieve it.



Count on It: You Need to Know Beans About Accounting

Posted on February 26, 2014 at 11:04 AM
Tags: small businesses

Head for Numbers.jpgWhat business topic can induce deep sleep faster than a cocktail of warm milk and Ambien? If you said “Accounting-ssssssnnnnnk-zzzzzzzz” and then dozed off, you nailed it.

By now, your lids may be drooping and you’re fighting back a yawn, so it’s time to get up, pour yourself some strong coffee, do some jumping jacks, slap yourself on the cheeks a few times, and clear your head enough to wrap it around this simple truth:

You can’t afford to be bored by accounting. Not if you hope to stay in business.



Pages 1 - 2 - 3 - 4 Next

Archives

Tags



view as list