June 23, 2024

New knowledge base

Look In The Business

Really For Small Business – Wall Street Journal Advice?

Looking for a small business? Wall Street Journal offers a how-to guide which covers several aspects of sustaining a business. Research tools and statistical data are given to potential business owners. As Americans lose jobs each week, growing numbers of the unemployed are turning to the Wall Street Journal to seek advice on starting their own company.

Experts provide advice to budding entrepreneurs in order to avoid the common pitfalls of self-employment. A wide range of suggestions are given to assist with tasks such as: selecting the right bank account, grant writing and establishing health insurance programs for employees. Seasoned small business pros suggest that new business owners take a self-assessment to decide if entrepreneurship is a good fit. Multitasking, burnout and risk are mentioned as aspects to consider prior to taking further steps down the path of entrepreneurship.

Some experts recommend that new company owners have a formidable level of passion that could help them overcome the demands and setbacks which often accompany starting a new business. They also point out that new entrepreneurs should be prepared to work long hours and make sacrifices in their personal lives for an extended period of time, prior to reaping any possible rewards of self-employment.

Most business pros agree that long hours and unanticipated challenges often come with the territory of self employment.

For entrepreneurs who have successfully organized and funded their small business, Wall Street Journal guide provides additional tips to maintain a high level of success. Online security, employee retention and management advice is given to business owners in order to effectively manage their company to maximize profit potential and employee job performance. Franchising information is also provided to assist with different aspects of franchise such as: selection of a franchise, financing and legal advice.

Experienced business owners are also addressed in the How-to Guide. Employee retention, relationship building and employee development tips are given to help entrepreneurs to help reduce employee turnover and maximize job performance.

Team-building and company perks are mentioned as incentives to boost employee morale. For example rewarding employees with perks such as bagels on Fridays or dry cleaning services. Telecommuting and flex-time are also suggested as incentives to assist employees to balance life with work.

Various online tools are available as resources to assist entrepreneurs solicit assistance from various federal, state and local governmental bodies with grant writing and market research. Sample business plans and contact information to various government agencies are listed. The guide provides a link to the U.S. Small Business Administrations’ Training Network which offers free online services, podcasts and video clips.

Even for small business, Wall Street Journal information seems to be a valuable source for entrepreneurs who are tasked with operating a business in tough economic times. Many news stories related to small businesses are featured in order to keep business owners up to date with the latest trends. That’s interesting advice for novice and seasoned entrepreneurs alike.