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(ARA) – Small businesses are the backbone of the U.S. economy representing
99.7 percent of all employer firms and generating 60 to 80 percent of new
jobs annually over the past decade, according to the Small Business
Administration. As the economy continues to fluctuate, small business owners
must focus on being innovative and find creative ways to help their business
grow. It is likely that the innovation and creativity that has been the
driving force behind small business growth over the last decade will also
help lead the U.S. out of the economic environment that it’s in today.
One such innovative and successful small business owner is Bonnie Marcus,
owner of The Bonnie Marcus Collection, “where fashion meets paper.” Bonnie
decided to launch her own business in 2002 from her kitchen table after she
saw a lack of fashion-forward wedding invitations in the market. Today, her
fresh, clean, and forward-thinking stationary line can be seen in the hands
of numerous a-list celebrities as well as in over 1,000 retail stores
throughout the country. She has also expanded her line from wedding
invitations to birth announcements, holiday designs, and even a flip-flop
collection.
Bonnie always remains focused on her business goals, allowing her to expand
her business, regardless of economic conditions. Here are Bonnie’s three
creative tips that will help you grow your small business during any
economic cycle:
* Make your business schedule work for you. If you are married, or
have children, you might not be able to structure your business around the
traditional 9 to 5 principle. With the internet being available 24/7, it
allows you to take advantage of early mornings, late evenings, and the
weekend hours. This flexibility can be a real resource for small business
owners focused on growth and a work life balance.
* Get help managing the books. “It's important for small business
owners to remember that there are tools out there that offer the
convenience, security and control needed to keep a small business's finances
on track," Marcus says.
As a Bank of America customer, Bonnie has access to the resources she needs
for her business, like Express Invoicing and Easy Online Payroll. By
offering packages like Business Fundamentals for sole proprietors and
start-up companies and Business Advantage for more established small
businesses with employees, Bank of America provides tools that can be
customized to meet the financial needs of small business owners at every
stage of growth. Using Bank of America’s small business solutions saves her
time and allows her to focus on growing her business.
* Cultivate a small business network. Bonnie found that through
connections with other small business owners, she was able to save money and
find increased value through bartering and trading valuable services. Bonnie
extended her creative services to the printing shop and provided them with a
new logo design and in return she received discounted printing services.
Think about your small business network and who you might be able to barter
with, to save money and increase your bottom line.
For more information on how to manage and grow your small business, visit
www.BankofAmerica.com and click on small business.
Courtesy of ARAcontent
The articles written inside
The Smart Mag's Smart Business section have been prepared for educational
and informational purposes only. They are not legal advice or legal
opinions on any specific matters. Internet subscribers and online readers
should not act upon this information without seeking professional counsel.
The opinions expressed in the articles found in Home Improvement are those
of the author(s).
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