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Two Minute Business Wisdom

  • Cover Your Small Business Legal Basics - TMBW 250

    26 MAR 2024 · You may only need a little paper or minimum time with a lawyer on retention to get down to business. But you need to know this from the first day of offering your products and services for sale to the public.
    2m
  • Bootstrapping – TMBW 249

    19 MAR 2024 · Stories of people who could start and grow a business with minimal external funding are great. These stories also convince many people who can’t bootstrap their business to give it a shot when they should not.
    2m
  • Digital Marketing on a Dime – TMBW 248

    12 MAR 2024 · Digital marketing comes with a cost, so use cost and time-effective strategies for your small business.
    2m
  • Practice Effective Budget Management – TMBW 247

    5 MAR 2024 · Managing your finances, including budgeting strategies, cash flow management, and cost reduction techniques, will make the difference in you being a long-standing success or a quick financial failure.
    2m
  • Prep For Navigating The Startup Phase – TMBW 246

    27 FEB 2024 · Following some basic initial steps for launching a small business will save you time, frustration, and money in the long run. This involves choosing a business structure, properly registering the company, and being honest about your initial market analysis.
    2m
  • Build A Company That Reflects Your Values – TMBW 245

    20 FEB 2024 · Build a foundation from the beginning that reflects your values and how you want to be seen. That makes it easy to run a company that maintains your values.
    2m
  • Don’t Take On A Business Opportunity Out Of Boredom – TMBW 244

    13 FEB 2024 · If you’re just looking for something to do, especially if you have a large amount of money burning a hole in your vault, taking on a business opportunity is typically a terrible path to take to alienate that boredom.
    2m
  • Look For Investors To Diversify Your Risk From The Beginning - TMBW 243

    6 FEB 2024 · Polish up your business plan and get to work. Find seller financing. Raise funds from investors. Use different types of loans. Ask friends and family who understand how investing in a business works. The financial risks of getting a new business off the ground are well known. Save yourself some of the headaches by looking for funding in the initial stages.
    2m
  • Plan For Downside Scenario - TMBW 242

    30 JAN 2024 · Things will go wrong in your business. Don’t attempt to survive on sheer will. Have understood and ready to implement plans in case of multiple downside scenarios.
    2m
  • Have An Exit Plan - TMBW 241

    23 JAN 2024 · Knowing how long and how much fiscal damage it will take to sell a business if you want (or need) to should be known before you receive the keys to the building. A business that doesn’t align with your exit plan may be a business you need to pass on.
    2m
Independent business analyst and small business owner J Cleveland Payne offers success tips for business owners and professionals every week in a quick and concise format.
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