An article on the Harvard Business Review says that most product launches are failures.  For businesses that specialize on manufacturing, distributing, or selling products, this is obviously bad news. Add to that the fact that some products are recalled, and you have a major profit drain. Products are usually recalled for safety issues, malfunctions, mislabeling, or defects upon inspection. In many instances, businesses carry cheaper goods to save money. But according to a recent article [...]

On our blog, we like to highlight different aspects of small business finance and management, such as advertising. On one of our earlier posts, Chrystal mentioned Exciting Ways to Get Customer Attention. From nightime silhouettes to the more traditional sign spinning, there are some innovative and fun advertising tactics out there. However, some business owners like to take a page from politics and have started to use smearing tactics. One of the more outlandish ones? Releasing mice in [...]

For a fifth straight month, personal incomes have risen which has fueled an increase in consumer spending. This news is yet another indicator that the worst of the recession may be behind us. However, these gains are seen to be heavily dependent on stimulus programs and our economy still remains very weak. Overall, personal incomes rose by 0.4 percent in November, according to the US Commerce Dept. That rise in personal income fueled the gain [...]

More good news comes out offering promise of an economic recovery.

Based upon the Business Roundtable’s economic outlook index; confidence in US economy has jumped from 44.9 last quarter up to 71.5 this quarter as CEO’s anticipate increased capital spending and a boost in consumer sales.