Tips from September 21, 2009 The Small Business tips today will be about how to manage your finances by conserving capital.
Know what sells best. Figure out number of units sold, best sellers, average order, buying trends and what your customers want.
Determine prices by product, service, direct, and indirect costs, as well as keeping the image of the business & some profit.
Be hesitant with money. Don't commit capital unless absolutely necessary. Know you absolutely need something, then go ahead.
Conserve in the workplace. You can lease space, computers, or other office equipment instead of buying to save money.
Daily Overview: Every penny is important when trying to conserve capital: be smart, sensible, and resourceful. [Read Full Article]
Politics and Government
Obama Ought to Look at the Effect of Entrepreneurial Immigrants According to U.S. News & World Report's Matt Bandyk, immigration will be an important small business issue for the next administration. Immigrants are 30% more likely to start businesses and they make up 16.7% of all new business owners in the country.
Democrats at Work to Tap Bailout for AutomakersWASHINGTON (AP) - Congressional Democrats are marshaling support for a rescue package to pump $25 billion in emergency loans to U.S. automakers in exchange for a government ownership stake in Detroit's car companies.
Economics and Labor Issues [Read Full Article]