NEW! Business Tips
May 22, 2017
Recently, the SBDC hosted a training event that focused on digital marketing. Our guest speaker, Maria Duron, said something that significantly stood out; “If you are not measuring, you are not marketing”.
May 08, 2017
The SBDC has had the opportunity to offer an Employee Handbook seminar in the past as part of our seminar series. In this article, I would like to share some of the information learned regarding the importance of having a well-developed Handbook.
April 24, 2017
Entrepreneurs who are developing a product (product or process) for commercialization basically have two choices to get their product to the marketplace; manufacture it themselves or license the right to make and distribute to someone else. This process is called licensing out. A license, through a licensing agreement, is a formal granting of the rights to make and sell to another party, who is called a licensing partner. The entrepreneur, or licensor, is usually paid in up-front fees and ongoing royalty payments.
April 10, 2017
Just because you own and operate a small business doesn’t make you an entrepreneur. A study published in an issue of the Quarterly Journal of Economics revealed a key difference between being self-employed and an entrepreneur. Researchers found that a business’s legal status, whether it is incorporated or unincorporated, is what separates entrepreneurs from other small business owners.
March 27, 2017
Mission Creep. Merriam-Webster defines mission creep as “the gradual broadening of the original objectives of a mission or organization.” Wikipedia says it “is the expansion of a project or mission beyond its original goals, often after initial successes.” And, Urban Dictionary “mission creep happens when extra and often unnecessary details that [sic] are added to a project usually causing the project to spiral out of control.”
Business Tips Archive
The most current Business Tips article is available on the San Angelo Standard Times online newspaper The following Business Tips articles are provided for you in an Adobe PDF format.
- Seven Questions Asked in a Borrowing Situation
- Starting Your Own Business Part 1
- Starting Your Own Business Part 2
- Starting Your Own Business Part 3
- Starting Your Own Business Part 4
- Positive Thinking
- In-home Service Providers
- General Partnerships
- Five C’s of Credit
- Emotional Intelligence is Not an Oxymoron
- Emotional Intelligence #3
- Contribution Margin
- Buying a Business