Why Customer Loyalty Is More Important Than Ever
November 06, 2009, 1:40 PM
Answers to revving up income and fending off competitors can be found in ways you demonstrate customer care.
New Bank Fees: What Recourse Do You Have?
October 30, 2009, 12:15 PM
Banks are suddenly charging new fees. Here's how to protect your business and your financial well-being.
Use the Power of Marketing to Secure a Loan
October 23, 2009, 3:10 PM
Competition for loans is ferocious, so it may take marketing to get on the good side of your lender.
How to Stabilize Your Micro-Business, Part 2
October 16, 2009, 8:05 AM
Five easy tips to set-up basic business finances plus insights into establishing business credit can help you create a solid financial foundation.
How to Test Your Micro-Business Idea, Part 1
October 09, 2009, 11:50 AM
Before you move forward to start a new business, consider these ideas and concepts to build a solid business foundation.
How Your Business Can Compete in a Sale-Saturated Market
October 02, 2009, 2:25 PM
In credit crunched times, demonstrate a unique understanding of your customers' needs by offering services that communicate your customer care.
Don't Talk to Your Credit Card Provider
September 25, 2009, 12:00 PM
Banks behaving badly is becoming the theme of major financial institutions. Know what could happen before your actions produce unintended consequences.
The Health Insurance Debate: Enlist Your Employees' Help
September 18, 2009, 1:30 PM
While the health care reform debate rages, businesses still have to figure out how to shoulder insurance costs. Take these steps to involve employees in cost-cutting and juggling the company's obligations.
Questions to Probe Your Inner Entrepreneur
September 11, 2009, 12:00 PM
As total unemployment hits 55 million, what steps will you take to unleash your talents and construct an individual path out of your personal recession?
Will the Recession Release Your Inner Entrepreneur?
September 04, 2009, 12:40 PM
Unemployed can mean the beginning of exciting opportunities.
Your tips are generally good but lack a real test of the business idea. There is no way around market testing a business idea. The aspiring entrepreneurs should talk to potential customers to receive feedback on the business idea. They should get a sense of the patterns of feedback and whether their idea resonates with the customer. When the customer says the business idea will solve their problem, then they can move on to the preparation you describe. Hopefully Part 2 of this post can incorporate some of this.