10 Compelling Reasons Why You Need ERP

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June 11, 2016

Business Tips

Many small to mid-sized manufacturers believe that they can do without an ERP system. They believe that their operation is simple enough that they can control it with a few spreadsheets. Often, this is simply not the case. Here are 10 of the most compelling reasons to implement an ERP […]

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Technology Purchases by Small Businesses

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May 22, 2016

Business Tips

Technology Purchases by Small Businesses The SMB category spent $130.1 billion on technology. Small Business Do It Midsize Business Hardware……………………………………………………………….. $35.4………………. $22.6 Software…………………………………………………………………. $12.4………………. $14.5 Services………………………………………………………………….. $11.1………………. $34.1 Total………………………………………………………………………. $58.9………………. $71.2 Source: IDC, May 2005   SMB Tech Spend is Growing Faster Than Nation   Source: IDC SMB research and […]

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Minority Entrepreneurs

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May 22, 2016

Business Tips

Minority Entrepreneurs Minorities own 15.1% of all U.S. businesses, or more than 3 million firms, and 99% of these firms are small businesses. Source: SBA, “Dynamics of Minority-Owned Employer Establishments, 1999-2001,” February 2005   Minority-owned businesses account for $591 billion in revenues. Source: SBA, “Dynamics of Minority-Owned Employer Establishments, 1999-2001,” […]

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Homebased Business

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May 22, 2016

Business Tips

Homebased Business Number of U.S. homebased businesses in 2005: Income-generating homebased businesses…………………………………………..13.8 million As primary income-generating……………………………………………………………..9.7 million As part-time income-generating…………………………………………………………..4.2 million Source: IDC, “U.S. Home Office 2004-2008 Forecast,” March 2004 The typical homebased business has been in operation for 10.7 years. Source: IDC, “SOHO Market Overview 2003: Small Businesses With […]

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Small-Business Finance

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May 22, 2016

Business Tips

Small-Business Finance More than 80% of small businesses use some sort of financing to grow their business. Source: SBA, “Small Business by the Numbers,” June 2004 Small-Business Financing Sources Source: SBA, “Small Business by the Numbers,” June 2004 Percent reporting use of multiple types of credit

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