Industry Associations Joining industry-specific associations and organizations can provide access to industry knowledge, trends, and networking opportunities. These groups often host conferences, webinars, and forums where you can learn from experts and connect with peers in your field. Here at Wainbee, we are proud to say that we are an employee-owned and managed Canadian company. We have joined various organizations in the industrial and B2B sectors since we provide engineered systems, including automation, hydraulic, electromechanical, and pneumatic systems. They grant us access to valuable industry insights, market research, and regulatory updates, facilitating informed decision-making. We also gain access to cutting-edge technology and research findings, providing us with improved visibility, credibility, and market expansion opportunities.
Modern community platforms like Discord are currently associated with gamers and gaming communities. However, like all good social tools, it has broadened its appeal and provides channels (AKA servers) for all sorts of interests. This includes servers dedicated to start-ups, business hacks and growth and marketing. These servers and communities are unlike similar platforms such as LinkedIn, as they encourage honest and helpful conversations without the emphasis on self-promotion and selling. On these servers, it can be easy to connect with a community on a similar journey to yourself who are eager to support fellow members with their broad and diverse set of skills and knowledge.
One of the most under-appreciated resources that small businesses should know about is their current customers and clients. Small business owners spend so much time chasing new business that they often overlook the opportunities to build with existing clients. Your clients are an excellent resource for research; they are also your most prominent advocates. Current clients are also most likely to trust you and try out your new services, which helps to increase revenue, as well as your insight into what works with your targeted audience. As small business owners, most of us could be more successful by simply nurturing the relationships we have with our current clients.
Your Google Business Profile has the ability to drive more business than any billboard campaign—and it's free. Make sure you've filled it out completely. Make getting reviews a top priority. Add photos that showcase your people and what you do. Learn how to report spam listings and competitors that are stuffing their listing with keywords or using fake offices. Make people that find your Google Business Profile want to contact you more than any competitor. Also, clear the way for your business by shutting down those competitors that aren't following the rules.
I think the most under-appreciated resource that small business owners should know more about is their employees. It's easy to get caught up in the hustle and bustle of running a business, but every day your employees are dealing with customers, taking calls, and working hard to keep the lights on. It can be easy to forget that they're human beings too! Try to remember what it was like when you first started working for yourself—you were probably nervous and excited all at once. Make sure you take the time to show your gratitude for the work they do by giving them a break from time to time, or asking how they're doing when things get tough. You never know—you might just surprise them with some extra holiday cash!
The Service Corps of Retired Executives. I am not exaggerating when I say that I've never met anyone that had heard of the organization, which is a travesty as far as I'm concerned. SCORE has a wealth of retired executives from a wide variety of businesses and industries, and the advice and mentorship you can get from them is nothing short of game changing for most small business owners. These are people that have succeeded in exactly what you're trying to do, so getting their advice is always going to be hugely valuable.
The SBDC One resource that often goes unnoticed by many small business owners is the local Small Business Development Center (SBDC). In my experience, especially during my time at Technews, I've found that these centers, backed by the U.S. Small Business Administration, are treasure troves of information. They provide complimentary consulting and essential business training. Whether you're diving into market research, navigating financial planning, or trying to secure a loan, the SBDC can be an invaluable ally. It's a straightforward yet efficient way to bolster your business's growth.
Fiverr. This marketplace is a great place to find skilled freelancers that specialize in creative disciplines. Since small businesses often lack the in-house talent for creative needs, Fiverr helps them access professionals for a fraction of the cost of hiring their own employees. Freelancers work on a fractional basis, so you only pay for what you need without ongoing costs. Small businesses can get help with website design, copywriting, PPC ads, audio recording, video marketing, blogging (my specialty), and so much more. There's a lot of trust built into the Fiverr marketplace for buyers and sellers alike, and the talent truly is the best in the industry.
Hi! Thanks for your consideration in advance. While it's not fun to think about, every small business owner needs to plan for attempted litigation taken against them or simply for heated disputes with customers. Unknown to many is that the Better Business Bureau (BBB) offers dispute handling for their accredited members. This can be in the form of conciliation, mediation, or arbitration. Thus, the BBB is a great resource that could potentially save you the cost of hiring a lawyer. My work/website is viewable at homestardr.com/gallery. I respond promptly at thomas@homestadr.com. Thanks! - Thomas Borcherding.
One often overlooked resource for small business owners, especially in our niche of tiny home design, is Government Surplus Auctions. I remember stumbling upon one such auction early in our journey. We found quality hardwood flooring and fixtures at nearly half the price we'd usually pay. It not only reduced our costs but added a unique touch to some of our designs. These auctions can offer unexpected treasures, perfect for innovative businesses like ours.
In navigating the intricacies of running a technology startup, especially in the AI SaaS domain, one resource that often goes unnoticed is the richness of local entrepreneurial communities. These communities are brimming with seasoned entrepreneurs, potential collaborators, and investors. Engaging with such a community can provide a small business owner with insightful feedback, potential partnerships, and even investment opportunities. Moreover, through my own experience, I've found that local universities can also be untapped hubs of innovation, often willing to collaborate with budding entrepreneurs. They offer a vast reservoir of fresh ideas, robust research output, and highly skilled talent that can be harnessed for business growth. The interplay between local entrepreneurial communities and academia can foster a conducive environment for the thriving and sustenance of small businesses, offering a substantial support system.
One often overlooked tool for small business owners is cloud computing. It's like renting digital space and tools over the Internet. This means you can save money, easily grow when needed, and use powerful software without buying expensive equipment. Cloud computing is a smart choice for small businesses looking to stay competitive and efficient.
Grants. Small business owners should always be keeping an eye on any federal, state or city grants that apply to their company. The process of applying for grants can be time-consuming, but there are often programs in place that can help support small businesses, especially in their earliest stages.
Look into small business grants. Each one has its own requirements, so do your research and choose the best ones to apply to. With this kind of grant, you can receive five or even six-figures' worth of funds, giving you extra time to get your business off the ground.
Some businesses do not register with the Chamber of Commerce because they are small; if they do, they use it sparingly. Chambers of Commerce offer a variety of services and resources to small businesses. Your organization can access opportunities to develop relationships and receive brand exposure through regular networking and volunteer events. All chambers of commerce provide digital directories with information about other businesses in your niche. You might locate more potential clients there; these directories assist you in finding global partners for your firm.
One under-appreciated resource that small business owners should know more about is their local Small Business Development Center (SBDC). SBDCs are located in every state and are funded by the Small Business Administration (SBA) and local colleges and universities. They provide free and low-cost resources to help small businesses start, grow, and succeed. SBDCs offer business advising, training, workshops, and access to other business resources. They can help business owners develop a business plan, find financing, create a marketing strategy, and more. SBDCs are a great resource for small business owners looking for help and support to grow their business.
Local Small Business Development Center: From what I've seen, our neighborhood Small Business Development Center is a resource that small business owners like us should learn more about. SBDCs are government-funded centers that help small businesses, and our company generally tells business owners to use their services. They give help from experts and often do so for free or at a very low cost. I've been in situations like this before, and I've seen how many business owners tend to undervalue the help and tools that SBDCs offer. From my own experience, I know that these centers can help us deal with problems, get funds, and come up with plans for growth. As an expert, I strongly suggest that small business owners actively look for and use their local SBDC as a useful resource for their entrepreneurial journey, as it can make a big difference in the success of our businesses.
general manager at 88stacks
Answered 3 years ago
Local business associations and chambers of trade are resources that small business owners should look into more often. For small companies, these groups can provide a lot of help, networking chances, and useful materials. A lot of the time, they put on events, help people find business mentors, run educational programs, and speak up for local companies. Small business owners can connect with their community, learn from more experienced business owners, and get more attention by joining these kinds of groups. All of these things can help their business succeed.
One key resource that is often overlooked by small business owners is SCORE. SCORE is a nonprofit organization dedicated to helping small businesses succeed, providing free, confidential advice and mentoring services designed to equip entrepreneurs with the knowledge and resources they need. It offers experienced volunteers who serve as mentors to budding entrepreneurs.
Various government agencies provide grants, loans, and programs to help small businesses, particularly those in specific industries or active in community development. Investigate and utilize these resources. This is the perspective that I hold. Small business owners frequently confront resource issues, particularly when it comes to time, money, and experience.