Why do I need to define my business in detail?

It may seem silly to ask yourself, "What business am I really in?", but some owner/managers have gone broke because they never answered that question. One watch store owner realized that most of his time was spent repairing watches, while most of his money was spent selling them. He finally decided he was in the repair business and discontinued the sales operations. His profits improved dramatically.
 




Get the Info That Matters Most to You With SBA Direct

Find information on:

(Select your topics)

Get Local Assistance Right in Your Area

Counseling, mentoring, and training from an SBA District Office, SCORE Chapter, Small Biz Development Center or Women’s Biz Center in your area.

FIND RESOURCES

join the community


  No relevant media for this area.

Sand Creek Post and Beam.jpg
If you ever go on a vacation to the French countryside, and chance upon a barn that reminds you of one populating the Nebraska prairie, you may see...
Goodall speaks at Love an Entrepreneur Day
BURLINGTON, Vt. -- Seth Goodall, Small Business Administration New England Administrator, spoke to students during Love an Entrepreneur Day Feb. 20...
From their kitchen to your table, catering to eat-in, 21 ShortStop is serving up southern cooking with a spice of business acumen.  One patron...