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How to Streamline Your Small Business Operations with Simple Tools

American Entrepreneurship

This article provides a list of tools to achieve continuous operational improvement as a business grows , examples of streamlined business processes, and how to use process mapping to analyze and plan workflows. Running a small business is a rewarding endeavor, but it often involves juggling multiple tasks at once.

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Things Will Be Different

This is going to be BIG.

People lost homes and businesses—banks blew up—but then we went on an 11-year bull market run that sent unemployment down to historic lows. Similarly, startup returns haven’t necessarily reflected our ability to create meaningful and lasting new businesses either. How we run businesses will be different, too.

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8 Proven Ways to Get the Word Out About Your SourceLink Network

Source Link

Affiliates agree that getting the word out about their SourceLink networks to entrepreneurs and business owners is one of their highest priorities. The basics. Small business manager Jazmine Garcia develops strategic partnerships with people, businesses and organizations with strong social media following to reach broad audiences.

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Don’t Let Investors Conclude Your Startup Is A Hobby

Gust

Even when your startup is a one-man show and lots of fun, a “business” needs some discipline and controls to keep it from being defined as a hobby by investors, and assure some financial return. Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Develop your business plan.

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5 Emerging States to Incorporate a Small Business in 2022

StartupNation

Which states are best for incorporating a business? Many entrepreneurs are asking themselves this question as they work on getting their small businesses ready to launch. Here are five emerging states you may find yourself incorporating your business in and some of their outstanding small business benefits.

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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

This holds true on many levels; for example, patients like to understand the basics of prescription drugs they take, including risks and benefits, likely side effects, alternatives, and so forth. Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco). Yes, it’s a mouthful.

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How will a buyer value your business?  

Berkonomics

Let’s explore a number of methods to value your business. Many buyers use a combination of methods, throwing out those that do not fit the appropriate form of business. Corporate Valuations Using Various Methods There are at least ten recognized ways to value a business. 5 to 4 times gross revenues for similar businesses.