Should You Hire Business Advisers for Your Company?

Posted by on Aug 24, 2017 in Blog | 0 comments

There are many small business owners who want to get an advantage in their business. One of the best ways to improve performance in your business is to get outside counsel. As a business owner, you know everything there is to know about your company. Getting someone from the outside gives you a fresh perspective on how things are going within your business. Strategic Planning One of the most important reasons to hire business advisors is for strategic planning. When you run a business, it is hard to find free time to think about the future....

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Cash Flow: The tool small and medium sized businesses should master to become successful

Posted by on Aug 18, 2017 in Blog | 0 comments

We can define cash flow as the flow of money in and out of your current account within a specified period. The period is either weekly, monthly or quarterly. Cash flow is your ‘net operating float.’ It is a critical component of small and mid-sized businesses. You will never know its relevance to your business until your profitable and growing business abruptly goes bankrupt. Dave Kurrasch says that most small and mid-sized business owners do not think about cash flow and research by CB Insight confirm that their ignorance towards cash flow...

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Employee Performance Depends on Their Perception of Their Value

Posted by on Aug 10, 2017 in Blog | 0 comments

If you’ve ever worked in a large company before, then you know what it feels like to think you’re just another number. When employees read about revenues and profits, they start to wonder if their performance even matters. A sea of employees A company doesn’t have to be too big to experience this problem. Unless they’re reminded of it constantly, employees will lose sight of the big picture. Instead of understanding their role and its importance, they start wondering why they have to submit a spreadsheet, go through...

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Meetings That Employees Enjoy? Yes, It’s Possible!

Posted by on Aug 7, 2017 in Blog | 0 comments

Although it’s difficult to get employees to look forward to meetings, it’s absolutely possible. In this blog, we’ll explain a few things you can do to make your meetings engaging and fun, yet still informative and educational. There’s no such thing as being over-prepared There’s nothing worse than an unprepared presenter. This is all on you. You need to know your topic, your audience, and your material. Be on time and have everything set up before people show up. Listen to your audience  Paying attention to your...

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Communication Strategies with Customers: Reducing Paperwork Expenses

Posted by on Jul 27, 2017 in Blog | 0 comments

New technologies have changed the way many business routines are performed. Some require complex equipment or specialists, but some give us simple and cost-effective actions in place of those that are unwieldy and expensive. Paper-based communications with customers should be reviewed. There is a potential for significant cost and manpower savings. Most banks and credit unions have bill pay systems that can be used by customers either to manually put in payments or to automatically pay bills. Bills can sometimes be delivered to the banking...

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The Search for Business Solutions: Falling Down the Rabbit Hole

Posted by on Jul 14, 2017 in Blog | 0 comments

When we are faced with a business problem, we usually make a linear plan to find the source of the problem, identify solutions, and plan change. Creative businesses are using a new model of problem solving that begins with asking the right questions, pinpointing the source of the problem, and formulating different methods of resolution. The greatest innovation engine in the history of the world is the city. With multiple people expressing divergent points of view, unexpected connections are made. The internet had the potential to be this sort...

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Maximize Employee Performance With Regular Performance Discussions

Posted by on Jul 7, 2017 in Blog | 0 comments

It’s hard to manage employee performance from a distance. When you’re busy doing your job, plus managing several team members, it can be all too easy to put their performance review off until it’s time for an annual review. But what, exactly, does that process look like? If you’re like a lot of managers, it looks pretty messy. It probably includes going through an entire year’s worth of work for each team member as you struggle to determine where they should improve and where they demonstrated excellence...

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Managing Cash Flow Challenges: Navigating a Personal Loan

Posted by on Jun 29, 2017 in Blog | 0 comments

  Every small business blossoms with an idea, followed (very) shortly thereafter by the question, “Where do I get the money for that?” For most entrepreneurs, startup money is negligible, if not completely absent, and, without funding, the idea remains just that. When personal affluence and bank loans fall short, many turn to family and friends for support. While it can seem like the most unequivocally foolproof way to spark the flame of new beginnings, consider the caveats which come with lending to and from those closest to...

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Three Steps to Manage Cash Flow Challenges

Posted by on Jun 19, 2017 in Blog | 0 comments

Every business owner deals with cash flow challenges at some point. In industries where capital needs are high, this is a huge issue that business owners must work through. In the construction or real estate business, a company usually has a lot of outstanding debt without a consistent source of revenue. If you are not careful, you will end up with a cash flow issue quickly. Here are three steps to manage cash flow challenges in your business. Create a Budget One of the most important keys to managing cash flow challenges is to have a cash...

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3 Ways to Dramatically Boost Your Bottom Line

Posted by on Jun 8, 2017 in Blog | 0 comments

Running a small business is not easy. There are many things to juggle, and the market is constantly changing. Small business owners often struggle to make a profit in their business. With all of the change in the construction industry, now is the time to start planning for the future. Demand for real estate property is high, and you need to capitalize on this market trend. Here are three ways to improve profits in your business. Get Organized Although it seems simple, getting organized is one of the most important aspects of having success in...

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