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small business

What can small businesses learn from Kodak?

on Thu, 01/19/2012 - 15:18

 

So, Kodak has finally filed bankruptcy…. as much as I feel sad, it is not surprising that it has been struggling for quite a few years…

 

 

What can small businesses learn from Kodak?

 

Kodak invented the first digital camera back in the 70's, com'on, that's innovative. But not able to follow through is their big mistake. We have to accept that sometimes we do go a few steps ahead compare to the mass market. Slowly and surely the mass market will follow.

Common questions small business owners have... Some advices

on Sat, 11/12/2011 - 15:12

 

I have been realizing people who want to start their own businesses always have the same questions, especially after attending the Small Business Summit, that feeling had got even stronger. I will try to share what they are.

The 2011 TD Canada Trust Small Business Survey reports out of the 402 business owners they surveyed across Canada think indicated managing cashflow as the most difficult challenge, with staffing (both retaining and hiring) continuing as a major obstacle.

So how do we address that and keep things under control?

1. Build an emergency fund

- normally 6 months' of