The biggest difference between entrepreneurs and business owners who succeed, and those who fail, most often lies in how they work with money.
Many people try to save as much cash as they can, preferring to work day and night on aspects of their startups on which they have little skills or expertise. Not a good way to do things - trust me, I learned the hard way.
The truth is, from a business perspective, that capital is actually a tool to grease the wheels and grow the business quickly. So, the most effective productivity tool you will ever have at your disposal is money - cold hard cash.
Starting and running a successful small, home or online business these days means that you are going to have to rely on technology to handle most things - if not everything.
There isn't a single aspect of the modern business that doesn't have software, online software, cloud solutions, or innovative hardware and gadgets to save time, streamline processes, maximize efficiency, and save on costs.
The problem, especially for first time business owners, is knowing which technology is the right one for your company, and how to use it effectively to ensure that it provides value and/or good returns.
Small retail businesses and eCommerce sites need to consistently choose the best products to sell in order to maximize their profits.
But trying to find this information is not always easy, and there are plenty of "silver bullet" sites (and con men) that will try to make a profit by advising you to stock products that give them commission.
It's far better to be able to do your own research into which products offer the best value for money for your own customers and clients. After all, you know your business best.
There's nothing worse than finding out your business website has been hacked and is being used to send out bulk emails, spam visitors, or spread malicious software.
If it hasn't happened to you, don't fall into the trap of thinking that this scenario is something that happens to other people. Spam hacks are absolutely rampant.
Fortunately, the business model of spammers requires them, more often than not, to automate their hacks to seek out vulnerable Web servers and sites, because they have to do things on a huge scale to turn a profit.
There's a stack of really mediocre instructional clips on everything from writing a business plan, understanding the science of marketing, or improving SEO and ranking higher in Google.
You could probably spend weeks combing through everything, but like most entrepreneurs you probably don't have the time.
That's why I've collected five of the most useful and important YouTube clips to help you get the basics right - especially when it comes to ensuring your business and website get the most from the Internet.
Organic search traffic from Google is so valuable that many businesses come to rely on it as their primary source of income.
And while it may seem that the sun will never set on high converting organic traffic from the search giant, you might want to think about what would happen to your enterprise if the flow dried up.
I've experienced both the frustration and despair of losing Google traffic to an unknown and unexplained penalty (only large, important businesses get the information they need to recover in a matter of days or weeks), but have also seen how other businesses have thrived without Google entirely.