The Strategy of Business Plan Success
Strategic planning is important for all firms, but especially for growing businesses. Thirty per cent of new businesses with 4 or fewer employees don’t survive beyond their first year. By year 3, more than half are gone. Ten per cent of medium-sized businesses (5-99...
The Importance of Measuring Customer Service
Entrepreneurs and business owners think they have great customer service, but often customers have another side of the story to tell. If they are motivated enough they will contact management or post a review on an industry website or on social media. A couple...
The Business of Family Companies
Operating a family business presents additional obstacles (along with additional opportunities) to entrepreneurs. Relationships are put at risk on a professional and a personal level as work/life boundaries become blurred. Often family members know the right buttons...
7 Ways to Control Your Costs
Cost control can be the hardest part of managing a business, especially when your costs are tied to employees. It is important to take a look at your costs every so often to ensure you are getting the best possible bang for your buck. We’ve compiled 7 suggestions to...
Marketing Tips that Won’t Break the Bank
Many start-ups have limited marketing budgets. But you can advertise inexpensively, if you apply some creativity. Start by determining you marketing goals – keeping them practical and realistic – then determine which low-cost marketing options will best help you...