Succession planning is something a lot of small business owners overlook. Many people don’t see the need to put a plan in place regarding someone taking over their company, especially if it is something that doesn’t seem to be happening in the immediate future. However, you don’t want all of the excellent progress you have made to be undermined, and this is why it is vital to develop your best talent now so that you have people in place to take over when the day comes. Keeping that in mind,…
Tag: business
Could Your Business Be Doing More To Protect The Environment?
Could your business be doing more to protect the environment? Many businesses have been slow to catch on, and if this is the case for you, know that as well as fulfilling your ethical duty, doing your bit to protect the world around you also makes perfect business sense. Going green is one way to support your local community, and by doing so, you might increase your reputation and your number of customers. The millennial workforce is keen to embrace sustainable practices, so you might qualify for the best hires.…
3 Ways To Improve The Health Of Your Healthcare Business
So, how healthy is your healthcare business? If we were to pop a thermometer in the mouth of your business profits, would it show signs of strength or signs of weakness? No matter what type of healthcare business you own, be it a medical practice or a care agency, there are steps you need to take to ensure your business goes from strength to strength. Cut corners or make little effort to improve, and as with any company in any industry field, you will face the consequences. In your case,…
If You Ignore The Cloud, You’ll Lose Your Competitive Edge
Businesses have been using the cloud for nearly a decade. But many people at the top of those firms still don’t understand the many ways in which cloud computing offers a competitive edge. The cloud isn’t just something that’s nice to have, but an essential utility that can help improve your company’s prospects. Here are just some of the ways that it can help you outperform your competitors. Rapidly Launch New Applications When companies relied on tradition in-house IT systems to meet all their needs, it took a long time…
Keeping Your Business Finances in Order
When you are a small business owner you can find yourself having to learn about a whole heap of new things, and learning on the go; all day, every day. One of those things that you might find a pain is managing your finances. It definitely can be something that is pretty tedious to do, and often is that way. But for small business owners it is so important to keep on top of your finances and keep things in order. When your finances are in order it helps you…
The Curse Of The Unread Contract
No matter what business you’re in, you can bet that contracts play a pretty significant part of what you do. They come into everything from employment agreements to sales. And, before you sign a single one, you should read them through well. This is basic business knowledge which any entrepreneur should know. When your company gets off the ground, you may even find it necessary to get a second opinion on contracts. The majority of entrepreneurs will hire legal teams to check contracts for them. If you’re doing business overseas,…
Four Top Tips To Make The Most Of Business Travel
We live in an increasingly global business community, and as a result, the amount that the average person needs to travel for work is increasing all the time. Although it’s exciting to have a job which gives you the opportunity to see the world, our mindsets ensure that it can quickly become fairly mundane, and we begin to take it for granted surprisingly quickly. It doesn’t have to be that way. If we change how we see our business travels, and what we do with them, it can become exciting…
Disasters That Can Bring Your Small Business Grinding To A Halt
Productivity is no joke when you are running a small business. In fact, even a tiny break in the flow of work can cost you money, time, and even your reputation with customers. Luckily, if you know what type of thing can stop work, you can get prepared to deal with them ahead of time. A topic you can read more about in the post below. Poor cash flow Before we get into some of the other issues that can stop work in your small business, it’s important to look…
How To Save Money On Relocating Your Business
If you have decided that your current office or workplace is no longer serving your business needs, it might be time to look somewhere else that is more suitable for your customers, your employees, and business partners. Unfortunately, you will need to have a certain budget to relocate your business; you will have to get new cards and marketing materials printed, hire a contractor and removals company, so you have to be absolutely certain you are making the right choice. Here are some tips to help you save money and…
Making Your Own T-Shirts Is A Brilliant Business Idea
As side hustles and solo-entrepreneurship are growing in popularity, the creative craft and DIY market is experiencing a boom. Indeed, more and more professionals and stay at home moms are looking for options to support their family that can bring their favorite hobby to light. Painting, knitting, drawing, and sewing are hugely popular hobbies; however, translated into a business format, they tend to generate a low ROI for amateurs. Without professional equipment, each handmade project requires a lot of time, which affects the turnaround. However, there are dedicated craft areas…