Smart business owners are constantly working to improve their business. As the New Year approaches, many are finding themselves asking one question: What can I do to put myself in the best position for next year? Considering the previous year and identifying opportunities to grow are crucial when looking to jump start a new year. The following is a list business owners should consider while heading into 2018: Reflect on your goals from the previous year. Did you reach your … [Read more...] about Four Things You and Your Business Should Consider Heading in to 2018
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School of Business Launched
A significant increase in the recruitment of Embry-Riddle Aeronautical University (ERAU)-Prescott business majors and minors was a factor that prompted the ERAU board of trustees and the university administration to elevate the Department of Business to College of Business status. Approval of the new school only occurred in late November, said Associate Dean of Business Robin Sobotta, Ph. D. “The advantages of being a School of Business are many, including the prestige of putting the … [Read more...] about School of Business Launched
Three Things to Consider When Buying a Business
Every day, ambitious entrepreneurs seek help when looking to buy their own business to build an investment for themselves, their families and their future. While the opportunity may seem daunting to some, others enjoy the freedom, control and excitement of starting an empire of their own. However, what some entrepreneurs underestimate is that with complete control comes significant responsibility. Buying a business is a large undertaking that requires thorough planning, execution, time and … [Read more...] about Three Things to Consider When Buying a Business
Four Easy Steps to Win the Fight Against Fraud
In the world of virtual transactions, online transfers and email verification, more consumers are falling victim to fraud than ever before. Impostor fraud is one of the most critical security risks organizations face today. By definition, impostor fraud refers to a “fraudster” posing as a person or entity you trust and requesting a payment or a change to vendor payment instructions. Fraud schemes are constantly evolving as a result of technological developments. There’s a common misconception … [Read more...] about Four Easy Steps to Win the Fight Against Fraud
SCORE Means Business
The opportunity to start your own small business, and become rich, has never been better than right now. Your idea, your dream, your vision, even your hobby could come to reality if you have the desire to try and make it happen. First, find something you like to do. Something that’s fun. Why not? Otherwise, stay in your current job working for others and not enjoying it. Next, set some objectives. Start with how much money you want to pay yourself. This is easy because you’ve become your own … [Read more...] about SCORE Means Business
Seeking Destination, Lifestyle Retailers
Robust. Vibrant. Optimistic. Moving forward. Such are descriptors by economic development professionals with the Town of Prescott Valley and the City of Prescott regarding their retail industries. Quad Cities Business News caught up with Ben Hooper, economic development coordinator for the Town of Prescott Valley; Wendy Bridges, economic development coordinator and film commissioner for the City of Prescott; and John Heiney, community outreach manager for the City of Prescott, to obtain … [Read more...] about Seeking Destination, Lifestyle Retailers
April 19th, Watters Hosts Chino Valley Chamber of Commerce Business Mixer
Local business owners or those Interested in finding more about the Chino Valley Area Chamber of Commerce and local business initiatives are invited to their next business Mixer on Wednesday, April 19, 2017 from 5-6:30pm. The event will be held at Watters Garden Center, 1815 Iron Springs Road in Prescott. Watters Garden Center is a locally owned nursery that specializes in providing avid gardeners and novices alike with the expertise and products to get things growing in the mountains of … [Read more...] about April 19th, Watters Hosts Chino Valley Chamber of Commerce Business Mixer
Creating the Optimal 2017
Now that the holidays are over, business consultants suggest taking some time to get organized and set goals for the New Year, both for your business or yourself. Suggestions include budgeting, journaling and helping employees help the company. SMART Planning Steve Bracety, general manager of the Prescott Resort and Conference Center, says he uses the word “SMART” to move himself and his staff in the right direction. The goal should be Specific, Measureable, Actionable, … [Read more...] about Creating the Optimal 2017
Sampling Prescott à la (Golf) Cart
You cannot help but grin and enjoy the ride. There is a sensation of freedom in tooling around downtown in a Ride Prescott golf cart on a sunny autumn day. The wind tugs at your hair, the enthusiastic driver shares local insights and you have this irresistible urge to wave at curious onlookers. Owner Katie Cornelius and her business partner, Kyle Conklin, opened Ride Prescott as a fun way to help people get around. October’s soft launch set in motion a multi-faceted mission to provide a … [Read more...] about Sampling Prescott à la (Golf) Cart
The Many Ways to Value a Business
In a past article, we talked about “How Much is Your Business Worth,” and the art and science of business valuation. A business broker will use a number of analytic methods. The valuation analysis is crucial, yet coming up with a price to place on the business may be the most important step. Sellers need to set a price that will attract interest and buyers need to know if that price is fair and will allow them to support themselves and pay for the business if they are to purchase it. The primary … [Read more...] about The Many Ways to Value a Business