Strategizing

Small Business Strategy and Planning

The most successful business owners are always thinking ahead. If you are a new business owner, strategizing about mission statements, corporate culture and business plans are things you would be smart to address early on. More seasoned business owners can benefit from articles on everything from setting client expectations to creating a niche for your small business

4 Professionals Who are Critical to Startup Success

Having a unique product or idea is not the only key to creating a successful startup. It is almost impossible to create a viable business by yourself, so you need to build a team with the right types of professionals. You should find people who will supplement your own skills and knowledge to create a perfectly well-rounded team of professionals. If you are in the beginning … [Read more...]

Understanding ESOPs and How They Can Benefit Small Business Owners

A large, demographic shift is occurring. The baby boomer generation is now experiencing significant wealth accumulation and its inevitable distribution.  Many business owners from the "boomer" generation are now in the position to turn over the reins of their businesses to the next generation or to the highest bidder.  However, what if the business owner wants to see his or her … [Read more...]

Human Resources: Is It Better to Outsource or Hire In?

Human resource (HR) tasks ranging from recruiting and hiring new employees to handling payroll, benefits, and training for current staff can take a huge chunk out of a small business’ bottom line. In fact, PricewaterhouseCoopers (PwC) reports that, typically, “direct HR costs account for 28% of overall operating expenses.” According to the United States Census Bureau, the … [Read more...]

When Selling a Business, Mind Your Emotions

It’s not easy stepping back from a business you’ve spent your whole life building. Not only is the company a source of income, for many entrepreneurs, it’s how they define themselves: innovator, leader, employer. Even a sale to a family member can be emotionally charged. Over the years, I’ve seen many situations where the business owner managed to keep his or her feelings in … [Read more...]

How to Boost Your Productivity While Working From Home

When you decided to work from home, it’s likely you were drawn to the flexibility and the independence it provides. You can set your own schedule, perhaps working nights and weekends for a big project one week and then sleeping in the next day or two. You can take a break when you want, allowing you to be there for your kids’ recitals or to take advantage of a perfect … [Read more...]

Patent That. What Small Business Owners Need to Know About Patents

Thomas Edison once said, “Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” Indeed Edison made 1,000 attempts at creating the light bulb before he achieved success. When asked how it felt to fail 1,000 times, Edison responded, "I didn't fail 1,000 times. The light bulb was an invention with 1,000 … [Read more...]

3 Ways Businesses Can Prepare for Natural Disasters

Natural disasters in this country are happening as frequently as ever, and you never know when one is going to strike your place of business. You can't prevent a disaster, but just as you can prepare your home, you can take certain precautions to minimize the damage to your business. Take a Serious Look at Your Building Natural disaster preparation starts with the physical … [Read more...]