In today’s ever-changing economy, small business owners must stay on top of trends and anticipate potential challenges. Unfortunately, statistics show that 96% of businesses fail within any ten-year period, with a little less than 4% surviving.To increase the... Read »
By implementing these best practices for scaling a business, you can create a strategic plan and gain a competitive edge in the marketplace. What Does Scaling a Business Mean? Scaling your business isn’t the same as growing it. Growing your business involves... Read »
It’s common for small businesses not to clearly lay out standards for their work processes. Why? Because they’re small, they’ve grown organically over time and achieved success without clearly defined standards. However, once a small business reaches a certain level... Read »
I talked to a business owner recently who’d kept a woman as his office manager for 2 years when he knew she wasn’t good for his business. He hated the idea of firing her but finally he had the conversation with her to tell her that he was letting her go. He was... Read »
A high turnover rate can be disruptive, demoralizing, and expensive. To ensure your top talent stays with your organization, implement effective employee retention strategies. Why Is Retaining Talent Important for Business? With every year that an employee stays at... Read »
