If you are the owner of a small business, then odds are good you spend your days extremely busy and you likely spend a lot of that time focused on how you can strengthen your company as a whole. Long-term success can only be achieved when your company is healthy and strong. Getting to a [...]
When money is tight at your company, it can be hard to know how to reward your staff without pushing the boundaries of what your business’ pocketbook can handle. The good news is that there are plenty of affordable perks you can offer while your company is in the growth process or struggling with cash [...]
As you approach the new year, it is worth spending some time thinking about how you can better serve your clients in the months ahead. Without customers, your business is nothing more than an idea, which is why tailoring your approach to ensure customer satisfaction is a must. It can be easy to get caught [...]
Many small businesses that are in the early stages of growth do not put a very big emphasis on risk management. Unfortunately, it is not just large corporations who are at risk for lawsuits and other detrimental claims against them. Even a small startup can face major risks. In fact, in many cases, a small [...]
Odds are good that if you are running a small business or startup you have a solid list of key performance indicators (KPIs) that you track on a frequent basis. These KPIs are usually geared toward monitoring the health of your company, the projection of your future profits, and the performance of your team as [...]
In order to grow your small business or startup, you need to foster the right mentality in your workplace. Your entire team needs to adopt a growth mentality in order for your business to have the best chance at success. This type of thinking might not come naturally to every person in your company, which [...]
Let’s face it. During the early stages of building a business, every single penny counts. While you are looking for unique funding solutions and working on acquiring the capital you need to keep everything afloat, you should also be on the lookout for ways to cut down on your company’s current spendings. The less money [...]
When you are first starting a business, one key component will be the funding you have available. In some cases, people start out their small businesses organically and fund their company as they go from the profits of their sales. In other cases, someone has an ambitious idea for a startup and seeks outside funding [...]
Having the right people working at your company will go a long way towards the success of your business. When you are running a small business, this becomes increasingly true. Each team member will be vital in achieving the company’s goals. As your small business grows, your staffing needs will grow as well. Where there [...]
In order to ensure that you get the most out of factoring, you should enlist the help of a senior financial member on your team. This person should be constantly monitoring and tracking the usage of the factoring facility and working capital. Often, a company does not successfully utilize factoring finances because they are not [...]
