Looking for something specific? Enter one or more keywords and search our entire site.	900 N. Kings Highway, Cherry Hill, New Jersey 08034 856.667.4100 · 215.563.0276 · Fax: 856.667.3652 Monthly Business Tips 2003 Business Tips Archive December - Should you incorporate your business? One of the first decisions you face as a new business owner is whether or not to incorporate the business. The biggest advantage of incorporating is limitation of your liability. Your responsibility for debts and other liabilities incurred by a corporation is generally limited to the assets of the business. November - Know how the "do not call" rules apply to your business Millions of consumers have added their phone numbers to the national "do not call" registry since it opened for business in July. The registry is a nationwide list of phone numbers of consumers who do not want to receive telemarketing calls. October - Understand your company's breakeven point if you want higher profits The figures on an income statement report the sales, expenses, and net profit or loss of a business. But these figures can be helpful in another way. They can be used to compute the breakeven point for the business. September - How to profit from customer complaints Nobody in business welcomes a customer complaint. It usually means taking time out of a busy day to deal with an angry person. But that's the wrong attitude. You should think of a customer complaint as three opportunities in one. August- Make the right pricing decision In business, making pricing decisions is always tough — and even more so when the economy is slow and sales are slipping. It's tempting to cut prices hoping to generate higher sales volume. July - Use awards and rewards to motivate employees Employee recognition programs are back in style. Managers are finding that recognition awards with monetary rewards can offset some of the negative morale resulting from lower employee raises and smaller bonuses that are typical in the current economic climate June - Don't leave the wrong business message If your business is typical, you use the telephone constantly, especially to call customers and prospective customers. When you can't reach the individual you called, you probably leave a message asking that your call be returned. Give some thought to how you leave your message – it could make a difference to the profitability of your company. May - Control costs all the time – even when business is good During down economic cycles, there is often a passion for cutting costs in business. However, focusing attention on cost control all the time can be less painful and more productive. Your business will develop a culture of questioning cost increases and will find ways of maintaining low expenses. April - Make smarter hiring decisions Hiring and training new employees is one of the toughest jobs you face as a manager or business owner. In today's job market there are plenty of applicants, but finding the right one is as time-consuming as ever. Here are some tips for each stage of the process – from identifying your requirements to interviewing candidates. March - Start planning now for the survival of your business Starting and growing a successful business is no easy task. It takes years of hard work. Now that you have reached a level of success, you can relax a little. Well, not quite yet. What happens to your business when you are gone? February - Employee theft is a major business expense All businesses, large and small, are subject to losses by employee theft. The theft can be subtle and difficult to identify, or it can be outright stealing of company assets. Maybe it is in the form of wasted time, petty theft of small company items, inventory converted to personal use, or maybe the theft and sale of company information. Janurary - Reducing taxes can be more profitable than cutting costs In today's economy, we're all looking for ways to maintain our business profits. Ideas for increasing sales and cutting costs abound. You've probably tried most of them. But there's one source of cost savings that is often overlooked, and it can be surprisingly effective. "Business Tips" are published monthly to provide useful business information. Return to this site every month for helpful suggestions on how to make your business more profitable. The information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance. If you would like more information on anything in "Business Tips," or if you'd like to be on our mailing list to receive other business, tax, or financial information from time to time, please contact our office. We're here to help. We currently have individuals licensed to offer securities in the states of New Jersey, California, Connecticut, Washington D.C., Delaware, Florida, Maryland, Nevada, Pennsylvania, Texas and Wisconsin and to offer investment advisory services in New Jersey, Connecticut, Delaware, Florida, Maryland North Carolina, New York, Pennsylvania, Texas and Wisconsin. This is not an offer to sell or provide investment advisory services in any other state or jurisdiction. Securities offered through 1st Global Capital Corp., Member FINRA/SIPC. Investment advisory services offered through 1st Global Advisors, Inc. [Current Business Tip] [Business Information] [Home]
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