Business ArticlesPublished in Houston ChronicleRon Consolino, Don Doggett, SCORE Houston
Ron Consolino and Don Doggett are management counselor for SCORE, These columns are intended to provide general information.
CLICK HERE TO READ THE LATEST ARTICLE AND CHRONOLOGICAL INDEX OF PAST ARTICLES
Don Doggett
Ron Consolino
PERSONAL FACTORS • Need to Know the Business • Personal factors • Preparation • Ready to be an Entrepreneur • Volunteering with SCORE
ORGANIZATION • Choosing the Right Legal Structure • Keep a lean orgainization • Limited Liability Company • Partner Problem • Partnership Agreement • Should I take on a partner • What's goodwill
MARKETING • Anticipate trends to capture new business • Area Demographics • Charge for Services • E-Commerce • Extend market reach by networking • Franchise concerns • Get trademark savvy(c) • How to do business with the US government • Listen to what your Customers Want • Managing Client Expectations • Marketing can make a difference • Marketing Plan • Market Research at little or no Cost • Networking • Thirty Percent Customer • Web Site
LOCATION • Leasing Space • Picking a Location OBTAIN FINANCING • Financial Plan • Financing a new business • Finding the Right Financing • Finding the right Bank • New SBA loan program for veterans •Obtain a Bank Loan • Prepare a Complete Loan Package •SBA Grants • SBA Loans • Start-up Cash • Use a line of credit to manage cash flow • Why Business Plan - No Loan CASH MANAGEMENT • Business Controls • Business Insurance • Cash Management • Collecting from customers • Consider leasing equipment • Financial Ratios • Granting store Credit • Inventory Control • Know basics of financial statements • Save money on routine purchases • Small Business Financial Management • Sound Cash Management • Surviving Hard Times • Understanding the numbers
BUSINESS OPPORTUNITIES • Characteristics of successful franchises • Franchise • Get Your Small Business on the Web • Home Base Business • Independent Contractors • Investing in a franchise • Preparation for a patent application • Starting a beauty business • Start New or Buy an Existing Business • What comes after a patent search • What makes a good website MANAGEMENT • Attitude • Bookkeeping goal should be accurate timely data • Carefully weigh employee retirement • Devise a backup plan • Employee Training • Free access to business data • Got sales! Good now control costs(c) • Hiring new employees • Job description • Leadership (**) • Lessons from an experienced entrepreneur • Loitering Problems • Make Home Office professional • Management Skills • Need partnership agreement • Owners need to learn value of businesses • Problem Employees • Run a family business like a business • The basics of business life insurance • Time is Money •Top Heavy Management • Use Independent Contractors Carefully • When are you ready to start up? •Worker's compensation
Home | Resources | Counseling | Seminars | Stories | About Us | Members SCORE is a Resource Partner with the U.S. Small Business Administration. © 2008 SCORE, Chapter 37, Houston, TX. All rights reserved.