Your business is brimming with sales and so many solid leads, you can hardly keep up. So you start thinking about the future and imagining a bigger, better place. The idea of remodeling or expanding excites you to the point you’re ready to draw up construction plans on the spot.
Local brand recognition is the foundation of any successful small business, but achieving it often feels like an impossible climb—especially when every marketing dollar is precious. You need buzz and community goodwill, yet the price tag for high-profile advertising or lavish events can easily crush a modest budget.
Last week, we discussed how to deal with a backstabbing employee. But what happens when business owners don’t fire them, even though they continue to hurt their peers? Well, as you probably imagine, the results aren’t pleasant (and more than likely, horrible).
It’s happened again. You’re angry, but can’t erupt because doing so will only cause more problems. Having a responsibility to your brand, employees, and family, you can’t afford (both morally or monetarily) to ignore this thoroughly unpleasant situation—an employee who repeatedly backbites their fellow team members. Now, another episode has just surfaced, and you’ve been made aware of it. Unfortunately, it isn’t a one-off, and it’s up to you to deal with it. But how?
Solutions to common problems aren’t always self-evident. Sometimes, the answers lie in unusual places. For instance, one contradiction, known in artificial intelligence and robotics circles, states that machines can easily perform very complex calculations quickly, but cannot perform everyday functions that even small children can do effortlessly. This incongruity can actually help small business owners improve their operations and increase their profits. Read on to learn how.
Solutions to common problems aren’t always self-evident. Sometimes, the answers lie in unusual places. For instance, one contradiction, known in artificial intelligence and robotics circles, states that machines can easily perform very complex calculations quickly, but cannot perform everyday functions that even small children can do effortlessly. This incongruity can actually help small business owners improve their operations and increase their profits. Read on to learn how.
Exit interviews have been part of corporate America since the 1950s, but gained widespread adoption in the late 1980s, exploding in popularity in the 1990s. Fast forward to 2021 and 2022, another tool was introduced and is steadily gaining adoption, and it’s known as the “stay interview.” Like many other tactics used by big businesses, these trickle down and are used by small organizations. So, what is a stay interview and why should small businesses start using them?
For a small business, the timing of a new product or service launch can be as crucial as the offering itself. So, it’s essential to understand key factors that help determine the most strategic, data-backed periods throughout the year. This will allow us to identify the best ways to align your launch with consumer behavior, seasonal trends, and economic cycles, thereby positioning your business for maximum success and traction.
Building a small business is no easy feat. It’s not only about finding, landing, and cultivating clients, either. Perhaps one of the most difficult (and frustrating) things is getting customers to pay their invoices on time—or, at least, in a timely matter.
For most employees, the end of the year or the beginning of the New Year means facing the dreaded performance review. They’ll have to face their shortcomings and recommit to previously stated goals, while also promising to achieve more.