Business Planning for the New Year
It’s that time again when we reflect on the past year and all that’s happened in our lives. For business owners, it’s also when you take stock of your business’s progress, achievements, failures, and the next steps in your business development. Goal setting plots your path toward tremendous success. In this post, we’ll look at […]
How to Manage the Risks that Can Ruin Your Reputation and Business
It takes years of work to build a strong, positive reputation. But even with all the time you’ve invested, a single negative review can blow it away instantly. Such is the nature of reputation damage and the devastating risks it poses to you and your business. Your reputation is a critical component of your brand. […]
Retirement Strategies for Small Business Owners
You won’t stay young forever. And with that in mind, you shouldn’t wait until the end of your best years to plan for retirement. Setting up your retirement plan NOW sets you ahead of savings and opens doors for tax incentives. These incentives are not only beneficial for you, as a small-business owner, but also for […]
8 Crucial Steps to Protect Your Business from Cyber Attacks and Data Breaches
Cyber attacks and data breaches can happen at any time. Operating a small business does not mean you’re safe from these attacks. Companies in SMEs often neglect their cybersecurity because of this misconception. A 2020 Data Breach Investigation Report issued by Verizon noted 28% of breaches involved victims of small businesses. Larger businesses accounted for the remaining […]
How to Protect Your Business from Difficult Clients – 6 Key Tips
No matter your industry, difficult client relationships pose a problem. And as much as we hope we can avoid them, they are inevitable. In other words, we can’t do business with them, and we can’t do business without them. Difficult clients are learning opportunities. They teach us about conflict resolution, spotting your dream client, and […]
How to Create a Business Continuity Plan
Business interruptions cause loss of time and revenue. No matter the industry, the results are the same and these occurrences can happen. It’s for this reason continuity planning for your business is so important. Whether you’re a small business owner, or you work for a large company, continuity planning can speed up the recovery process […]
How to Build a Strong Team for Your Business
Business is a team sport. You may start as a sole proprietor, but incorporating members into your team becomes essential as you scale your small business. But, like the big leagues, you can’t draft random members and expect to win. A team that wins is built with purpose and fostered with care. By the end […]
10 Things Nobody Tells You About Starting a Business
More than ever, entrepreneurship is ‘on-trend.’ It’s a weird way to put it, but more and more Americans are searching for ways to earn extra income independently. Type in a quick search into Google about starting a business, and you’ll discover a slew of ‘gurus’ with guaranteed success strategies and quick and easy steps. The […]
8 Common Risks Small Businesses Face
The risks of owning a business are unavoidable. As a small business owner, you’ll likely lack the resources (human and monetary) or the “links” multimillion-dollar companies have at their disposal. Risk management becomes more significant as small businesses become more vulnerable. So, what risks do you need to consider as a current or potential small business […]
Side Hustles and Freelancing: A Beginner’s Guide to Making Extra Income
There are over 6 million unemployed people in America. Those who aren’t fully unemployed have found their hours cut or furloughed. And many more work multiple jobs to make ends meet with increasing living costs. Despite these changes, bills keep coming; expenses don’t vanish during a crisis. Earning extra cash and finding an additional or new stream […]
