Anyone who is in, or paying attention to, the manufacturing industry is in a state of unease - with good reason. Just a few of the challenges manufacturers are facing include: slow-growth in 2017, low … [Read more...] about Manufacturing Industry – A Time of Uncertainty
Your Corporate Veil Isn’t as Protective as You Think
Like most owners, when you started your small business you probably did not know much about corporate veils. Eventually, you learned enough to know you needed one. So you got a lawyer, did the … [Read more...] about Your Corporate Veil Isn’t as Protective as You Think
Doing the Work
Doing the WorkJust by sheer numbers, most businesses in the U.S. generate between $1 - $5 million in annual revenue. Many companies stall out at this level, while some manage to grow beyond. Why is … [Read more...] about Doing the Work
Playing Favorites Can Harm Your Business
One of the biggest complaints employees have about their managers is that they play favorites. Employees say rewards and consequences are not handed out equally, and not everyone is held to the same … [Read more...] about Playing Favorites Can Harm Your Business
Two Signs Your Business is in Trouble
Every successful small business has its problems. It is normal to have ups and downs - a sales slump, a few jobs requiring a lot of rework, a sudden increase of employees' leaving or a week where some … [Read more...] about Two Signs Your Business is in Trouble
5 Simple Methods to Motivate Yourself
Small business owners are in a unique situation. They are expected to be a leader and the main motivator for others. But, who motivates them? It usually falls on them to self-motivate, which the … [Read more...] about 5 Simple Methods to Motivate Yourself
What to Do If Your Business Partnership Is Not Working
It has been said many times - A business partnership is a lot like a marriage. They both start out with each person believing he has the same expectations and dreams as the other person. And they both … [Read more...] about What to Do If Your Business Partnership Is Not Working
Imagination + Innovation = Survival
You've probably heard the old business saying, "Innovate or die". It's been around for a long time. But, the idea it represents has been around a lot longer. The concept is as old as business and … [Read more...] about Imagination + Innovation = Survival
Management or Leadership?
The difference between management and leadership has been argued, debated, and written about by many people. The issue seems to come down to recognizing that both skills are necessary to effectively … [Read more...] about Management or Leadership?
The Internal Customer: Proper Management of the Internal Customer Relationship
Proper management of Internal Customer relations is critical. A Customer is dependent on the timely, efficient and accurate generation and communication of data stemming from another party, who can be … [Read more...] about The Internal Customer: Proper Management of the Internal Customer Relationship
Business Checkup from the Neck Up
A business that runs smoothly is one that addresses key elements regarding its overall health. Similar to the human body, your business requires regular checkups to determine the underlying issues and … [Read more...] about Business Checkup from the Neck Up
From Behind the Desk: Origin of the Business Owner
The lineage of the small to mid-sized business owner certainly includes a lot of differences, socioeconomic backgrounds and personality profiles to be sure. There is however far more that we have in … [Read more...] about From Behind the Desk: Origin of the Business Owner
From Behind the Desk: Making Decisions
In business today, we as business owners are tasked with the responsibility of making good business decisions. Some business owners get caught in the "trap" between actually "making a decision" and … [Read more...] about From Behind the Desk: Making Decisions
From Behind the Desk: Problem or Solution Bringers
Employees will generally be identified in one of these two categories. Think for a minute about all of your conversations and interactions with your employees today. When they came into your office, … [Read more...] about From Behind the Desk: Problem or Solution Bringers
Common Mistakes Business Owners Make and How to Learn From Them
Successfully running a business is all about leveraging wins and learning from losses. So, the key to success is to learn proactively and avoid losses. Losses often come from mistakes, and an owner … [Read more...] about Common Mistakes Business Owners Make and How to Learn From Them
The Good, the Bad, the Ugly of Entrepreneurial Stubbornness
Small business owners need a healthy dose of stubbornness. They need it to start the business - in spite of the family, friends, former bosses and statistics that say it won't be a success. They need … [Read more...] about The Good, the Bad, the Ugly of Entrepreneurial Stubbornness