Ethan Willis, CEO of Prosper Inc. and coauthor of Prosper: Create the Life You Really Want, talks about how reputation management, both online and offline, should be a priority for small businesses.
Randy Garn, entrepreneur and coauthor of Prosper: Create the Life You Really Want, gives examples of why some business ventures fail, why you shouldn't go to friends and family for guidance, and who you should turn to for advice instead.
Finding the right business partners is essential for startups with limited funds. CEO of Voicebase.com, Walter Bachtiger, shares his insights on finding trustworthy business partners through traditional networks of investors, venture capitalists, and angel investors as well as well-known and established companies.
Trust in a company starts with their personnel.
Granting credit to customers is, in effect, loaning them your money. Before extending credit, use a credit bureau to check their credit history so you can predict how they will behave when its time to pay.... Read More
Extending credit to international customers is a difficult decision to make. You need solid information about the customers, such as their payments to other vendors and the financial condition of the companies.... Read More
Extending credit is essentially offering an unsecured loan. Banks typically begin their evaluation with these four points: liquidity, collateral, character/repayment history, and ability to repay. Before making your decision, you should do the same.... Read More
If customers put payments off, your cash flow could be in big trouble. You can extend their payment terms, but you still need to collect your money by a date you can plan on.... Read More
Avoid being a victim of business registration scams by looking for bogus fees and other expenses. Look out for registration filing fees, business name filing fees, email schemes, amongst others.... Read More
If you own a business, you may at some point be approached about selling it. Entrepreneurs often do not prepare in advance for sale; doing so is essential to a successful sale.... Read More