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The latest, Wyoming-specific small business tips from Wyoming SBDC Network experts.
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Are You Talking To Your Team Enough?
Communication within your staff is one of the most critical investments you can make in your business. Building the infrastructure for internal communication takes time and can be challenging when there are multiple members of a team to bring together, conflicting...
Incoterms: International Terms Of Sale
If you are shipping goods to international markets, your pricing strategy should include Incoterms. If you pick the wrong incoterm or do not understand the definition, the cost of your mistake could wipe out any profit. Incoterms are internationally accepted terms...
Plan Ahead for Renewing SAM
Word to the wise: Give yourself a lot of lead time when renewing your SAM registration and if possible, renew BEFORE it expires. In April of 2022, the SAM.gov (System for Award Management) website went through sweeping changes, one of which was replacing DUNS numbers...
Your Staff May be Your Most Important Marketing Strategy
In early 2020, I contributed a Biz Tip article on staff development, but much has changed in the composition of our workforce during that time. In my May 12 webinar “Marketing is Everything and Everything is Marketing,” I spoke about how staff development and...
Small Business Accounting Basics
As a Business Advisor, I ask almost every start-up entrepreneur I work with if they have any bookkeeping experience. The reply I get is often accompanied by a look of panic. New entrepreneurs excited about realizing their dream of starting a business often gloss over...
Tips for Reading an SBIR/STTR Solicitation
The federal agencies participating in the small business innovation research (SBIR) and small business technology transfer (STTR) issue funding opportunity announcements that list research topics. While each agency has its naming preference, here are some of the most...
Can Job Aids Help Your Team Become More Efficient?
As businesses look for ways to make their operations more efficient it makes sense to look within at their own processes and practices. In many cases this means reviewing training protocols and job efficiency tools. A crucial tool in making sure processes are followed...
Are You Paying for Business Services You Could Get for Free?
If you have been a user of Google’s G-Suite or Google Apps for your business, you are undoubtedly aware that this formerly free program has transitioned into a paid subscription service that is now called Google Workspace. Businesses will now need to pay a monthly fee...
Are you Ready? EIDL Borrowers – Take Note!
The Small Business Administration (SBA) approved 5,694 Economic Injury Disaster Loans (EIDL) in Wyoming, totaling more than $600,000,000. The operative word is loans. Businesses that received one of these loans need to be preparing now for payments that begin in the...
