Do you have a plan to continue your income after you’re done working in the business you own? Are your family members and employees set to carry on? Unbelievably, the majority of business owners wind up shutting the business down and walking away, leaving themselves... Read »
Teambuilding used to be a fluffy, nice-to-do activity that only large companies could afford. Now it’s a competitive advantage, especially for small and mid-size companies. Business owners who pay attention to teambuilding get teams who are committed—and committed... Read »
Making a profit in business is the ultimate goal of every owner. But how do you do it?Let’s find out. First Things First–Measuring Business Profitability Measuring profitability is essential for making informed decisions about your business’s future. To measure your... Read »
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 »
