NEW! Business Tips
The United States Federal Government wants to purchase products and services from Women-Owned Small Businesses (WOSB) and Service-Disabled Veteran-Owned Small Businesses (SDVOSB).
Recently, the SBDC hosted a training event that focused on digital marketing. Our guest speaker, Maria Duron, said something that significantly stood out; “If you are not measuring, you are not marketing”.
The SBDC has had the opportunity to offer an Employee Handbook seminar in the past as part of our seminar series. In this article, I would like to share some of the information learned regarding the importance of having a well-developed Handbook.
Entrepreneurs who are developing a product (product or process) for commercialization basically have two choices to get their product to the marketplace; manufacture it themselves or license the right to make and distribute to someone else. This process is called licensing out. A license, through a licensing agreement, is a formal granting of the rights to make and sell to another party, who is called a licensing partner. The entrepreneur, or licensor, is usually paid in up-front fees and ongoing royalty payments.
Just because you own and operate a small business doesn’t make you an entrepreneur. A study published in an issue of the Quarterly Journal of Economics revealed a key difference between being self-employed and an entrepreneur. Researchers found that a business’s legal status, whether it is incorporated or unincorporated, is what separates entrepreneurs from other small business owners.
Business Tips Archive
The most current Business Tips article is available on the San Angelo Standard Times online newspaper The following Business Tips articles are provided for you in an Adobe PDF format.
- Seven Questions Asked in a Borrowing Situation
- Starting Your Own Business Part 1
- Starting Your Own Business Part 2
- Starting Your Own Business Part 3
- Starting Your Own Business Part 4
- Positive Thinking
- In-home Service Providers
- General Partnerships
- Five C’s of Credit
- Emotional Intelligence is Not an Oxymoron
- Emotional Intelligence #3
- Contribution Margin
- Buying a Business