Florida SBDC Business Blog

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    Four characteristics every successful entrepreneur possesses

    Google “what does it take to be an entrepreneur” and you’ll get 62,900,000 results. It seems that everybody has an opinion. But if you delve deeper, certain key elements begin to surface. The first is that the entrepreneur has to be opportunistic. I prefer to […]

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  • Two Parts of Financial Projections: The Known and Unknown

    If you are seeking money, lenders might not give you any until your financial projections accurately express the risk and solve how the funds will get paid back. This financial forecast is also a crucial component of any business plan. Financial projections are typically three […]

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  • What Free Trade Does for Small Business

    Free trade agreements are important for small businesses because they simplify the process of doing business with the partnering countries. Those getting started in exporting or importing should trade with countries that have agreements since small businesses do not have the diplomatic contacts or deep […]

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    Unhappy Customer? Use This Three-Step Customer Recovery Process

    No matter how great your products are or how well you execute your service and train your employees, it’s inevitable that at some point you’ll disappoint a customer. Fortunately, some of your customers will contact your business to express their disappointment.  Here is where you […]

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  • Big expense, but wont see it on your financial statements!?

    High turnover is a good thing, if you’re talking about tables in a restaurant or inventory.  But, if you’re talking about personnel it could be one of your biggest expenses and it’s the one that doesn’t show as a line item in your financial statements.   […]

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  • Successfully Promoting Your Business with Minimal Expense

    Word-of-Mouth. Yes, the old-fashion, tested and most cost-effective promotion is still the great handshake of friendship.  Today, we have modernized it by calling it networking. Quick tips for word-of-mouth and networking: 1) When meeting someone for the first time or an acquaintance you haven’t seen […]

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