Comments on: How to Increase the Odds of Staying in Business http://smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html Exploring the trends driving small business Fri, 25 May 2012 17:23:00 +0000 hourly 1 http://wordpress.org/?v= By: Anthony Donnelly http://smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-547940 Anthony Donnelly Mon, 12 May 2008 21:00:32 +0000 http://www.smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-547940 One of the oldest and most effective ways of starting and staying in business is to leverage the power of barter. Organized and ethical companies like Merchants Barter Exchange (MBE) can help offset many cash expenses by turning surpluses into profits. Provided everything is done 100% on trade for the same price as cash, just like all MBE transactions, it is in essence just like using normal dollars only they don't have the same cash impact on a business. Why pay cash for things when MBE will let you spend first and proactively drive new business your way? Barter has always made sense and will continue to grow throughout the recession. One of the oldest and most effective ways of starting and staying in business is to leverage the power of barter. Organized and ethical companies like Merchants Barter Exchange (MBE) can help offset many cash expenses by turning surpluses into profits.

Provided everything is done 100% on trade for the same price as cash, just like all MBE transactions, it is in essence just like using normal dollars only they don’t have the same cash impact on a business.

Why pay cash for things when MBE will let you spend first and proactively drive new business your way? Barter has always made sense and will continue to grow throughout the recession.

]]> By: Marylin http://smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-462450 Marylin Tue, 29 Jan 2008 22:13:12 +0000 http://www.smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-462450 Hi, I am Marylin. I believe Smallbusinesstrends gives the new leaders best information out there about the business development. When I see a site that's worthy, I love to comment about it. I have just added this site to my list of favorites. I would like also to suggest a website to the readers that leads the corporate governance and board development scenario. The site has a right hand side panel that points to more than six hundred resources on corporate governance. They are offering the most professional services on executive board development and CEO coaching. <a href="http://www.change-leaders.com/corporate-governance.html" rel="nofollow">Please visit the Corporate Governance website here.</a> Hi, I am Marylin. I believe Smallbusinesstrends gives the new leaders best information out there about the business development. When I see a site that’s worthy, I love to comment about it. I have just added this site to my list of favorites. I would like also to suggest a website to the readers that leads the corporate governance and board development scenario.

The site has a right hand side panel that points to more than six hundred resources on corporate governance. They are offering the most professional services on executive board development and CEO coaching.

Please visit the Corporate Governance website here.

]]> By: case studies | News trend world http://smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-458801 case studies | News trend world Fri, 25 Jan 2008 22:07:37 +0000 http://www.smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-458801 [...] How to Increase the Odds of Staying in Business [...] [...] How to Increase the Odds of Staying in Business [...]

]]> By: Chris http://smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-458720 Chris Fri, 25 Jan 2008 20:12:16 +0000 http://www.smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-458720 Those statistics are really compelling. Honestly, I was surprised to see it spelled out like that - wow. I still think it helps to be a spirited entrepreneur as well though. Every little bit helps. A combination of a correctly chosen industry and a determined entrepreneur would be a real powerhouse combo, don't you think? Great entrepreneurial test in the included link, too. I'd advise everyone to take it. Pretty interesting. Those statistics are really compelling. Honestly, I was surprised to see it spelled out like that – wow. I still think it helps to be a spirited entrepreneur as well though. Every little bit helps.

A combination of a correctly chosen industry and a determined entrepreneur would be a real powerhouse combo, don’t you think?

Great entrepreneurial test in the included link, too. I’d advise everyone to take it. Pretty interesting.

]]> By: Catherine Lawson http://smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-458578 Catherine Lawson Fri, 25 Jan 2008 17:48:54 +0000 http://www.smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-458578 Hi - a plan sounds so obvious. Yet a lot of businesses either write it and forget; just think it's a tool to enable them to borrow money from the banks; or don't bother writing one at all. Hi – a plan sounds so obvious. Yet a lot of businesses either write it and forget; just think it’s a tool to enable them to borrow money from the banks; or don’t bother writing one at all.

]]> By: Martin Lindeskog http://smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-458464 Martin Lindeskog Fri, 25 Jan 2008 15:09:57 +0000 http://www.smallbiztrends.com/2008/01/like-to-start-a-profitable-long-lived-business.html#comment-458464 Staci Wood, I will quote myself! ;) From my comment on Small Business Trends Radio: http://www.smbtrendwire.com/2008/01/17/how-to-start-a-profitable-long-lived-business/#comment-78513 We have done our background check, writing a business plan, etc., but the hard thing is the marketing and to reach out to the small business owners and get them going through the AIDA (attention - interest - desire - action) process. With today's tech tools like mobile phones, high-speed internet at home, and so on, it could take some time before small business owners get the sense that they should do business in other places in order to become even more productive. At the end of the day, a business transaction is an exchange between two parties who trade value for value. We are working on implementing an element of storytelling into the business, so the customers reach a positive state of mind by getting an insight how it was in the old days at the coffee-houses. The Economist article, Internet in a Cup (December 2003), has been a great source of inspiration for my part. I think a meeting place is the solution for an universal need to interact and talk with other business minded individuals. ----------------- Regarding the business plan. Don't you think it is a living document? Do you have any suggestions on how to write a short & sweet executive summary? Any good resources ? How did the old timers plan their business development? Do you think that Ingvar Kamprad of IKEA sat down and wrote a long "song & dance" plan before he started his business in his youth? All the Best, Martin Lindeskog - American in Spirit. Gothenburg, Sweden. Staci Wood,

I will quote myself! ;) From my comment on Small Business Trends Radio:

http://www.smbtrendwire.com/2008/01/17/how-to-start-a-profitable-long-lived-business/#comment-78513

We have done our background check, writing a business plan, etc., but the hard thing is the marketing and to reach out to the small business owners and get them going through the AIDA (attention – interest – desire – action) process. With today’s tech tools like mobile phones, high-speed internet at home, and so on, it could take some time before small business owners get the sense that they should do business in other places in order to become even more productive. At the end of the day, a business transaction is an exchange between two parties who trade value for value. We are working on implementing an element of storytelling into the business, so the customers reach a positive state of mind by getting an insight how it was in the old days at the coffee-houses. The Economist article, Internet in a Cup (December 2003), has been a great source of inspiration for my part. I think a meeting place is the solution for an universal need to interact and talk with other business minded
individuals.

—————–

Regarding the business plan. Don’t you think it is a living document? Do you have any suggestions on how to write a short & sweet executive summary? Any good resources ? How did the old timers plan their business development? Do you think that Ingvar Kamprad of IKEA sat down and wrote a long “song & dance” plan before he started his business in his youth?

All the Best,

Martin Lindeskog – American in Spirit.
Gothenburg, Sweden.

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