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…
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…
You can post reminders of your task list all around the office, and maybe even all around your home as well, but the key to accomplishing those tasks will be to prioritize them, so you know which ones provide the greatest value to your company. That’s one of the best-kept secrets to running your company well and achieving success, and it’s something that every accomplished…
It has been predicted that in as little as two years, at least half of the workforce for any given company will be doing their work remotely. The big driving force behind this trend is that working remotely is highly prized by employees, because it provides flexibility that makes life much easier to manage. Many workers have indicated they would gladly leave their current jobs,…
While many business owners think their company is doing an above average job keeping customers happy, a recent Hub Spot survey indicates otherwise. It might shock you to know that only 10 percent of customers give the companies they regularly do business with high marks for providing a great customer experience. We highlight eight common barriers to an exceptional customer experience -and their solutions –…
On the surface, it might seem like customer complaints are a bad thing, and that they’re just the opinions of people having a bad day, and taking it out on you. However, there are some very useful things about customer complaints, so instead of ignoring them, you should try to derive as much value as possible from them. Keep in mind that it’s much better…
Many small businesses make the mistake of having a strategic planning session without ever accomplishing much of anything. Although business leaders write down goals, they don’t include specific ways to meet them or measure their effectiveness. While intentions are good, the problem usually boils down to not having a specific strategic planning method in place. This can make for a lot of inefficiency and wasted…
As a business owner, you may have heard that it costs up to five times more to find new customers than to keep the ones you already have. You also know that the latter isn’t always so easy to do. In this highly competitive business climate where customers expect fast, personalized service, your competition is just a click away if you fail to meet their…
Most small business owners are probably well aware of the fact that the majority of small businesses eventually fail, and that can lead to a fear of failure which is almost universal. However, there is some good news about all these failures – they tend to fall into a very few consistent categories and reasons, and if you know what those reasons are, you have…
It has been estimated that approximately 80% of all business conducted around the globe is done online, and even if your particular business is not exclusive to the web, you will undoubtedly benefit by having a strong website that will increase your visibility to the world. If you don’t have a website already, you need to get one designed, developed, and implemented as soon as…
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