small business


Oct

24

2019
Leadership Succession Planning

Leadership Succession Planning

Leadership succession planning is an item on every business owner’s list, and yet it is rarely addressed head-on. I’m going to give a big shout-out to HBO: Before Succession, we sometimes had to explain precisely what succession planning in business is, but thanks to that dark, sharp, wicked dramedy, more and more people outside the C-suite are now familiar with the ins and outs of...

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Jun

10

2019
How Interim Executives Write Business Plans

How Interim Executives Write Business Plans

Interim executives often find themselves helping small businesses by creating a business plan that defines goals and helps achieve them. Not every profitable small business starts off with a business plan.  Because the idea, structure, and market change so much in the initial days, entrepreneurs just keep going with the flow without one. But as the business begins to grow, enters new markets and attracts...

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Jan

07

2019
Put a Value On Your Tool Kit in Small Businesses

Put a Value On Your Tool Kit in Small Businesses

One big frustration faced by owners of small businesses face is that best practices from big companies aren’t applicable to small businesses. In this case study, independent executive Marc simplified tools and techniques to boost profits in small businesses The old saying, “One man’s trash is another man’s treasure,” is a good way of looking at some of the everyday, common-sense tools you use. As...

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Nov

21

2018
3 Golden Tips For Startups Hiring Their First Employees

3 Golden Tips For Startups Hiring Their First Employees

Entrepreneurs depend heavily on their staff to make their startup a success. That’s why it’s important you get it right. Hiring your first employees is one of the most exciting and consequential steps in establishing a business. Follow these 3 golden tips to make sure you hire the right people. 1. Work around your startup budget Do the math and figure out how much you...

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Nov

12

2018
Why small companies should do strategic planning

Why small companies should do strategic planning

Size is not a factor when it comes to strategic planning in small companies Contributed by Thomas Stamatis When you hear the terms, “strategic planning” and “strategic plan” you often think of the chore as developing a lengthy business plan covering an extended period of time, typically five years. The purpose is to map out a long-term business growth plan under some company mission statement and...

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Oct

26

2018
4 Budget Principles for Small Businesses

4 Budget Principles for Small Businesses

Running a small business means having a small budget. Startup costs, loans, and financial fluctuations can overwhelm small business owners, but with a good budget, they can stay in control. No matter how small or new your business is, don’t skip out on a budget. Furthermore, create one that is sustainable and realistic. To build such a budget, identify your risks, overestimate costs, and plan...

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Jul

06

2018
Small Business Operations

Small Business Operations

Small Business Operations – Don’t let people become bottlenecks Whether you’re a small business owner or the CEO of a Fortune 500 company, managing an organization can be intricate. Small business operations and processes that keep the business running are complex and interdependent on multiple people. One of the most common killers of growth and productivity in a company is communication and information flow. Talk...

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May

19

2018
Increase Sales by Lowering Risk

Increase Sales by Lowering Risk

Are people no longer buying your product or service? It might not be the price or competition, but rather the risk. Increase sales by lowering the risk in what you offer. Business owners are afraid of losing money, market share and, most importantly, their business. As a result, they stick to what they know and miss out on growth opportunities to increase sales by letting...

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Aug

05

2016
Getting Quick Results From Lean Implementation

Getting Quick Results From Lean Implementation

Be selective about lean implementation for rapid results     Lean is defined by Mark Doman in Target Magazine as: “Lean is a system that creates a physical and social environment where problems are quickly identified and then solved by motivated employees who are trained to eliminate waste in their processes so that customers receive the highest quality products and services at the lowest cost...

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May

02

2016
Processes and procedures – Where do I start?

Processes and procedures – Where do I start?

Processes and procedures are like the brains of a company. They direct how to utilize your resources to accomplish desired outcomes.  They can be the lynch pin that makes or breaks a company.  They wind through every part of a company and are the basis for leveraging the most critical resource most companies have – People. A succession of clearly defined steps that results in...

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