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Business Strategy Archives - The Alternative Board
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Business Strategy

Small Business Planning during a Pandemic

By | Business Growth, Business Strategy, Small Business

Many people have expressed the sentiment that 2020 has been the most challenging year they have seen in their lifetime. Perhaps no one agrees with this statement more than the small business owner. Already operating on small margins, thousands of small businesses had to shutdown for weeks or even months to help slow the spread of the coronavirus. What has made this crisis particularly challenging…

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What is Working Capital?

By | Business Growth, Business Strategy, Small Business

Positive working capital is essential to the successful operation of any business. The term refers to the amount of funds available at any specific time to meet the demands of daily operation. Although it’s an accounting term, all employees should have a basic idea of what it means. This is especially true of the company owner and those in management positions. Without positive working capital,…

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A Little Business Assistance, Please

By | Business Growth, Business Strategy, Small Business

It is no secret that operating a small business can be challenging. There is so much to do and only so many hours available each week.  To cope, many business leaders these days have embraced a now popular approach: hiring a virtual assistant. A virtual assistant is an independent contractor, not a full-time employee, who is hired to help with a myriad of administrative and…

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Bringing Your Business Back to Life After Coronavirus Shutdowns

By | Business Growth, Business Strategy, Small Business

Most business owners have realized by now that operating their company after coronavirus shutdowns and implementation of government health and safety standards will be much different than before the crisis. The biggest change might be creating a new budget and thinking of how you spend money for your business in new ways. Below are some tips we hope you find helpful as a business owner…

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Use Technology to Your Advantage to Attract the Best Employees

By | Business Growth, Business Strategy, Small Business

Technology can be a great advantage when it comes to hiring the right employee. However, you need to understand which technology to use and the type of employee you want to target with it. It’s also important to continue using appropriate technology once new employees complete the onboarding process. We highlight a few options for you below. Create a User-Friendly Application Process That Supports Your…

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How to Keep Your Business Safe This Hurricane Season

By | Business Strategy, Leadership, Small Business

No one likes to think that a hurricane could damage or even destroy the business they worked so hard to build. Unfortunately, Mother Nature doesn’t discriminate. When a hurricane hits, it can take down anything in its path. Although you can’t control severe weather, you can take steps to protect your business should such a disastrous event occur in the future. With hurricane season kicking…

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Preparing Your Business for the Effects of the Coronavirus – Emergency Business Planning

By | Business Strategy

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…

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Improve Your Health and Happiness with Better Work-Life Balance

By | Business Strategy

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…

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