Alright, so perhaps we're pushing it a bit by looking at how we can help small businesses prepare now for 2020. However, we're of the opinion that with the speed in which technology and business … [Read more...] about SMBs: Begin Tech Prep Now for 2020 Competitive Edge
Businesses of all sizes, for decades, have been seeking answers as to how they would have the ability to improve negative business functions vastly before disaster strikes. With this knowledge, … [Read more...] about Predictive Analytics 101
Small business owners often fail to consider themselves large enough to set specific plans of action regarding the growth of their businesses. You, as a small business owner are larger than life in … [Read more...] about Consider a SMART Goal to Grow Your Business
Impact-Influence Analysis: There are times when a business requires impact-influence analysis of capitalization, whether it is to avoid bankruptcy or just simply gain turnover from company growth. … [Read more...] about How to Capitalize on a Business Shift
Education and preparation will become critical to continued growth in the U.S. manufacturing industry during the remainder of 2018 and beyond. In order to produce continued growth, there will be a … [Read more...] about Education for Community Youth, A Growth Strategy
Congratulations on your accomplishment. You have built a successful business through hard work, dedication, and sacrifice. You have invested time, money and sweat, and it has finally paid off. It is … [Read more...] about Your Business is Successful – CIRCLE THE WAGONS!
Most every small business owner desires dedicated, hardworking and loyal employees. The problem is how to do you cultivate and reinforce those values? We pay people what we believe to be a fair and … [Read more...] about Rewards: Unnecessary Pay, or Positive Reinforcement?
Business colleges may take a semester or two to cover this topic. There are in-depth charts and analyses to sharpen one's skills. However, for those of us that no longer have the time to devote to a … [Read more...] about Effective Management
PRELIMINARY CONSIDERATIONS One of the first considerations is the determination of the sales revenue required by the company to meet its payroll, expenses and desired profit. Are we expecting sales … [Read more...] about Fundamental Sales Planning
There is no doubt - 3D printers have a wow factor. Whether they are creating a plastic knee joint, one-of-a-kind metal turbine blades or a chocolate pyramid, they are a marvel. But, are they … [Read more...] about Time to Start Taking 3-D Printing Seriously
Most business owners start their companies so they can be their own boss - they want to get away from others telling them what to do. However, they forget, ignore or do not understand there is another … [Read more...] about Tired of Babysitting? Try Organizational Engineering
We cannot possibly stress the importance of investing time each month to calculate your small business taxes and making proper payments required by the IRS. Many small business owners are simply … [Read more...] about A Brief Update For Tax Deadlines for 2018
Before 2008 when the economy had fallen into a deep recession, many business owners and HR professionals opined that employees were fortunate to have been hired and ought to be grateful merely to have … [Read more...] about Your Best Investment in Business
It is an excellent time to be in the transportation industry. E-commerce has been good for it and will continue to fuel its growth. Growth creates challenges and trucking companies - who want to be … [Read more...] about 3 Challenges in Transportation
A trend is a pattern in the company's performance over time. While trend analyses are often used to determine and evaluate financial performance, they may also be utilized to highlight statistical … [Read more...] about Trend Analysis: Better Understand Your Business
What is a SWOT Analysis? SWOT is an acronym for Strengths, Weaknesses, Opportunities, and Threats. The analysis utilizes these headings in a quadrant format (Fig. 1) to list core competencies and … [Read more...] about SWOT Analysis: Better Understand Your Business
Ask a business owner what he needs to make his company successful, and most likely he will say "sales." Then, using the questions below, ask him about his customers, and most likely he will give … [Read more...] about Get to Really Know Your Customer (And Make More Sales)
One of the last things that most small business owners consider is doing a Budget. A large number of owners do not understand the value obtained from a having a budget. Often, when budgets are in … [Read more...] about Budgeting: Under-appreciated and Under-utilized
Every day employers complain that while they truly need, if not require, reliable, trustworthy, ethical employees, these qualities just aren't that simple to acquire in many of their prospective … [Read more...] about Applicants 50+ Are The Source of Thought Leadership
Do you want it to seem like you have more hours in the day? Do you want to work smarter, not harder or longer? Do you want to reach those goals which have been on the back-burner year after year? Here … [Read more...] about Want to be a More Productive Business Owner?
As with any business, it's the duty of a business owner or assigned business manager to competently and adequately guide their company through to the initially intended achievements of the company … [Read more...] about 2 Forms of Analysis to Increase Company Health
Lifecycle Marketing - Is rapidly becoming regarded highly as one of the most effective avenues to acquiring and retaining clients/customers and incrementally increasing small business profitability. … [Read more...] about Lifecycle Marketing Is Rapidly Taking Center Stage
A lot of business owners know about the benefits of strategic planning, especially when they see their competition using it and growing. But, many do not know if it will help their company. One … [Read more...] about Strategic Planning – How Important is it?
I attended a Human Capital Seminar / Conference last year at the PGA National in Palm Beach Florida. Whenever I attend one of these events, I am always amazed that over a three day period of seminars … [Read more...] about Recruit & Retain Millennials
In three days Super Bowl LII will be played. The New England Patriots are a Football Dynasty as they have achieved five super bowls wins, winning two within the last four years, and now hoping to do … [Read more...] about What Businesses Can Learn From the Super Bowl!
Want to get a room full of business owners fired up? Just mention the word taxes and everyone has an opinion. It usually is a strong one, and frequently includes the words "too much". But, strong … [Read more...] about Do You Need a Tax Attorney?
It is baffling to experts. Why won't business owners learn how to read, understand and manage their financials? Why don't they want to control their money? Why can't they realize that the better they … [Read more...] about It Is Time to Get Control of Your Money
Just like people, businesses go through growth stages. And, just like people, each stage has unique challenges and rewards - think five years old vs. 15 vs. 25 vs. 35. Just ten years can make a big … [Read more...] about Has Your Tech Firm Hit a Wall?
It is hard to get a business loan, even when you know what you are doing. It is doubly difficult to get one when you do not know how to play the game - and make no mistake it is a confusing, … [Read more...] about 5 Rules for Playing the Loan Game
So you have a great idea and want to pitch it to your leader. You know it's a great idea, so how do you persuade the powers that be to give you the green light? Well, as the joke goes all leaders are … [Read more...] about How to Get Your Project Approved
If you have ever worked in manufacturing or any logistical capacity that supports manufacturing; then you have worked with the Bill of Materials. BOMs are the core of your logistical master data. An … [Read more...] about MDM and How BOMS Can Blow Up Your Clients & Customers!
There is no question about it, technology has changed the industry of wholesale distribution, and it will continue to do so. If you are not already, you will soon be using these words - drones, IoT … [Read more...] about Wholesale Distributors – Beware Tech Hype
Are you a business owner who expects to fund your retirement by selling your company? If so, you are not alone. Most owners who are selling their businesses believe they will make enough money to … [Read more...] about Before Selling Your Business Know its Value
Chart of Accounts The key to managing a profitable Company starts with the Chart of Accounts. It should be designed specifically for your business to give you useful and accurate information that can … [Read more...] about The Role of Chart Accounts
Business analysts are cautiously optimistic about the growth of the construction industry. They believe the industry has entered a realignment and renovation phase, which should produce increased … [Read more...] about 4 Trends to Watch in the Construction Industry
Your business is doing well and you are ready to grow. But, your cash flow does not support the expenditures you want to make. So, you need a bank loan. Before you fill out the paperwork here are 6 … [Read more...] about 6 Questions to Answer Before Applying for Growth Capital
Many small business owners think that strategic planning is for larger companies, but they are mistaken. No matter what size a business is, it can benefit from a strategic plan. In fact, compared to … [Read more...] about How to Start Strategic Planning
Congratulations on your success, all your hard work is paying off. You are doing well and want to expand. But, while your company is stable and profitable its cash flow will not support a large growth … [Read more...] about What to Do If You Need Growth Capital
We all know companies who have had short term success. They do well for a while and then "suddenly" they are out of business. However, when you look closely at their circumstances, it is not sudden … [Read more...] about Use Goal Setting to Achieve Long Term Success
There are a lot of statistics out there about how often small businesses fail, and they do not always agree with each other. Depending on who is doing the computing the numbers range from 33% to 75% … [Read more...] about 3 Ways to Achieve Success in Your Small Business
Business owners are often confused about the difference between a Business Model and a Business Plan. Although they are related, there are also distinct differences, and both deserve serious … [Read more...] about Business Model vs. Business Plan
Good parents know that part of their "job" is to teach their children how to navigate life's risks and handle its responsibilities. One of the fundamental lessons is how to safely cross the road - … [Read more...] about Stop, Look, and Listen
We have all heard the comment that "When you're up to your chin in alligators, it's hard to remember why you drained the swamp!" Why has that saying been so enduring? Could it be that we can all … [Read more...] about How to Finally Drain the Swamp
As business owners, we sometimes feel that we have a pretty clear vision of where we want to take our respective businesses. Unfortunately, for the most part, it is usually all in our heads. We … [Read more...] about From Behind the Desk: Where Is Your Business Roadmap?
Change Management: As businesses and organizations work to be front runners in their respective industries and remain ahead of their competitors, there is an inevitable need for change; Change in … [Read more...] about Proper Management of Change