Preparation is key when it comes to starting a business and enjoying ongoing success. While creating a business plan is critical, you must go beyond that if you hope to beat the odds in launching a successful start-up. For example, you should have direct experience in the industry you hope to break into as a business owner. This gives you an in-depth understanding of how…
The CARES Act has opened the floodgates to free money for businesses. Below are the basic details of loans available to businesses. They are incredible unless regulations apply limits: This new law lets any business borrow 2.5 months of payroll, benefits, interest on loans and lease payments. The loan is made through a bank that is an SBA approved lender and is guaranteed by the…
Preparing Your Business for the Effects of the Coronavirus – Emergency Business Planning With the rapid onslaught of the Coronavirus threatening to disrupt business operations in the U.S., there are three ways you can face the future: panic, do nothing, or plan. As a Business Coach, my goal is to guide business owners through these tough times and help navigate the uncertain waters…and the best…
Most people struggle with balancing their responsibilities at work with family, health, and other obligations at some point. However, the task can seem nearly impossible at times when you’re a business owner instead of an employee. You may fear that stepping away for even a day or two will cause your company to cease functioning and that you will return to a disaster. Regardless of…
Although creating business budgets for the first time can seem challenging, rest assured that it will soon seem like second nature to you. In the meantime, we hope the tips below will have you feeling confident in creating the first budget for your small business. Decide Your Budget Goal A budget goal is the amount of money you’re willing to spend just to launch your…
The Entrepreneurial Operating System® (EOS®) is a set of concepts and tools that help you achieve better control of your growing business. EOS® integrates simple business tools with a holistic business model approach to provide complete synchronization for all your business activities. The creators of this program state that it will help leadership teams improve in three crucial areas. These include becoming healthier as a…
When a community supports your business and helps make it profitable, it’s only natural that you as a business owner want to give something back in return. While that’s an admirable thing to do, supporting your community and getting behind one or more important causes also can help you connect with customers in ways that you might not have been able to otherwise. This can…
Starting a business with a friend can either bring success beyond the wildest dreams of both of you or a nightmare that breaks up the friendship to the point you never speak to each other again. For most people, the success of this arrangement falls somewhere between these two extremes. Before either of you forges ahead with forming a business partnership, we encourage you to…
You know that you need to advertise and invest in marketing campaigns to draw customers to your business. Unfortunately, you’re dealing with the reality of a limited budget and not having enough hours in the day to accomplish everything on your to-do list. The good news is that doesn’t need to be discouraging when you get your customers to act as brand ambassadors for you….
While scaling your business as a small business owner can be challenging, investing in smart technology can help. The Internet of Things (IoT) has made technology available to small business owners through their computers, making it easy to reduce costs, improve security, improve productivity, and much more. If you’re struggling to grow your business while keeping expenses under control, consider incorporating some of the items…
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