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Items tagged with SBDC Business Tips Articles

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    Business is good in San Angelo for most firms. The influx of companies and workers related to the oilfield have created a lot of demand for goods and services, more so with some than others. This same increase in business will attract competitors who want to take advantage of this growth. We have seen this in restaurants, hotels and other areas…

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    Have you ever taken a cake or some homemade bread to a party or friend and have them brag on it and proclaim that you should open your own bakery? Maybe the first time, you were flattered and quickly dismissed the suggestion. But the compliments kept coming as did the suggestions to start your own business and now you have given some serious thought. 

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    You want to open a business. You know almost exactly how much it will cost to start: supplies, furniture, rent, utilities, etc. But what about sales tax? As a new business owner this will be one of the first taxes you will pay once you start selling your product or service. After setting up your company either as a sole proprietor, partnership, LLC, etc., you will need to visit the State Comptroller’s Office to find out about your sales tax responsibility…

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    Are times good? Congratulations! Here are a few tips on what you can focus on during this time to make the most of it…

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    Don’t wait until its too late to write a business plan. When you’re busy, you probably need a business plan even more. Paul Howard addresses some of the most common mistakes people make when writing a business plan, including not writing one at all…
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    When I opened my email last week, it began: “Our company is looking to hire a new receptionist. Do you know of anyone who might be interested?”The first time I received an email of that nature, I thought it was rather odd that someone was asking me for my input into who they might be looking to hire. What was happening was that they were looking for someone who had a job and who might want to change jobs. They were asking me to assist them…
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    The complex issue of cash flow often creates a disconnect between owner and employees. What actions need to be made to encourage sales? How much inventory do you really need on hand? All of these decisions are vital to the success of a business…
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    Many great business ideas fail because of lack of profit or enough market share. But it doesn’t have to be that way. James Leavelle, ASU-SBDC Business Development Specialist provides an option to small and struggling businesses in this week’s Business Tips that might just require a little teamwork to make a small idea, a big success…
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    Taxes are over… but does that mean you get to relax? Finances and cash flow are the lifeline of every business, are you watching yours closely enough?
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    Whether your business just started or the idea of becoming a business owner is just developing, take the time NOW to learn as much as you can to prepare yourself for the surprises to come. You can get a head start by participating in the Small Business Management Certificate Program (SBMCP) 8-Week course starting THURSDAY, APRIL 18. 
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    Since I have been an adviser at the Angelo State University Small Business Development Center, it never ceases to amaze me how many people are interested in starting their own small business.Even though the economy may be struggling or the odds are against them, entrepreneurs just find a way to make it happen. Their spirit and drive are insatiable…
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    Entrepreneurial success begins in childhood.All it takes is an astute parent to mentor and guide the child to discover they can make money using their talents. Since my last Business Tips article, based on the book “Young Bucks, How to Raise a Future Millionaire” by Troy Dunn, I’ve been searching my memory bank for examples. I’ll share those examples as well as explore some Dunn has identified.
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    Like me, you may have noticed an increasing number of “Now Hiring” type signs and banners popping up throughout the city, primarily in the retail sector. Here are three tips for finding the right help.
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    Does the Cline Shale oil boom sound like an opportunity for you to start up a new business as business picks up around San Angelo? Here are a few tips and guidelines to consider before diving in.
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    Many young entrepreneurs start with the idea of having their own business because they want something different, something owned. Therefore, here are five pieces of advice that I hope will help them:
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    A bootstrap budget shouldn’t keep you from having a website. And today, you have some options. Here are some resources for you to get a FREE website and what you really get for free…
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    Health care reform is an area of concern and uncertainty for many employers.As it unfolds in the coming years, there may be confusion about how it applies to certain sized businesses.To help answer some of the questions about health care reform, Angelo State University and Wells Fargo are hosting a forum, “Understanding the Implications of Health Care Reform on Employers,” on Wednesday.
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    It started simple. I had cut some mistletoe out of the tree and hung it above my front door. The grandchildren liked knowing it was there and wanted some to take home. I assured them that they probably already had some growing in one of their trees, but nonetheless they set a plan in motion…
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    Who remembers the song, “Voices Carry,” from the 80’s?I never knew any of the lyrics other than “voices carry,” but the popular tune was heard over and over again during my teenage years. I also remember one of my teachers saying she loved the sound of my laughter. This sounds like a compliment, doesn’t it? …
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    As you and your business have begun the new year, have you given thought to the customer service your business delivers? 
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    To some people, social encounters can be a stressful event. For the rest of us, going up and talking to a stranger ranks right up there with public speaking or having a tooth pulled. Why is that? Although many people may at first find it uncomfortable to begin networking, it is worth the effort and can help open doors you didn’t even know existed.
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    To get a clear view of where you should be heading, it’s important to get a clear view of where you are. And what better way to do that than to get organized? How often have you bought new supplies because you couldn’t find what you already had? Or how often have you been frustrated trying to find a certain phone number or important note that seems to have disappeared?
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    How vulnerable are your online accounts? A better password could make the difference between a breach of security or not. Here are some tips to help keep your information more secure.
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    As we approach the New Year, it is important to take a look at the industry and environment in which we operate. These days, due to technology, a business can pop up that quickly changes the way an industry operates. We need to keep reviewing the environment and better understand how new business, products, services, and technology can affect our businesses.
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    Now is the time to look back on your business’s performance in 2012 and take notice of the lessons to be learned. What went well? What could have gone better? James Leavelle tells us how to assess 2012 before we jump into 2013.
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    As another year comes to an end, take a moment to look back on all that you’ve accomplished. Its not easy being a small business owner, but the pride of accomplishing what others only dream of makes it worth it. Even when things don’t work out perfectly, you have still learned…. 
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    The ASU-SBDC offers free online training in English and Español. Take advantage of the many small business management topics including Starting Your Business, Foundations of Marketing, Government Contracting, and much more! 
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    The holiday’s can be a make or break time for retailers. For some businesses, up to 75% of their yearly sales can be made during this gift giving time. Make sure you’re one of them by avoiding these 5 small-business holiday marketing mistakes…
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    Do you have a business card? 
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    The ASU-SBDC welcomes new business development specialist Adriana Balcorta Havins. Adriana brings to the team a variety of experience to assist clients and is a fluent  Spanish  speaker.

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