How Your Small Business Can Survive and Even Thrive During COVID19

The world seems to be spinning backwards. Just a few weeks back the economy was roaring. Now here we are, small business owners who are experiencing lost revenues, the fear of financial disaster, and the information on the internet and social media are constantly telling everyone that it is going to get worse. What are...

4 Ways a Financial Advisor Can Help Your Business

Advice from a financial advisor can add real cash returns over time. Using their knowledge and experience, financial advisors strive to provide the coaching, recommendations, and empowerment for you to find financial stability.  The primary values of a financial advisor are: Financial Education Financial Strategy Financial Planning Financial Protection Hire a knowledgeable advisor to teach...

How to Pick the Best Business Credit Card

Using a business credit card can be a great way to get your business up and running without spending your personal funds. This can be a great way to bootstrap your business. It can be like a short-term “loan,” which can be easier and faster than a bank loan. Use to purchase start-up items like...

Grow Your Business Big!

by Donna Johnson You can take the word “grow” two ways – it can grow in size or grow in profits. I think, ultimately, the point would be to grow in profits. So, this content covers methods intended – over time – to increase your income. Strategies to Grow Your Business Your growth strategy would,...

Surviving the Big Boomer Business Bust

This is an update to an earlier blog post. Things have changed significantly over the last few years! According to PricewaterhouseCooper, approximately 50% of all owners of small and mid-sized companies will exit their companies over the next few years. Others estimate that the exit rate will be closer to 75%. This massive exodus from...

Where is Your Business on the 7 Stages to Freedom?

Nearly every day as I talk with business owners I will describe the 7 Stages to Freedom and ask them, “Where is your business on the 7 Stages to Freedom?” I have rarely heard a business owner say that their business is in the freedom stage. Take a look at the chart below: Dream Phase....

Licensed, Bonded or Insured: Which Do You Need to Be?

Does your company need to be bonded, insured, or licensed? Probably so. What are these all about and which does your company need? Bonding In the past, I’ve known to ask service providers like plumbers and carpenters if they’re licensed and bonded – but I never really understood why. In actuality, bonds protect your business...

Alternatives to Disciplining Employees

If you have employees, there will be a need to handle problematic behaviors or performance – like tardiness, incomplete work, or a bad attitude. For many business owners and managers, addressing those problems is often their most uncomfortable and cumbersome task. Not only can progressive discipline be awkward, but also it can involve substantial planning,...

Business Documents That Save You Money

There are particular business documents that will actually lower your costs. Documentation like checklists, samples, and procedures will shave hours off time to execute deliverables and perform daily duties. They’ll also save time in rework, project delays, missed deadlines, and staff downtime. All of these suggested documents can be created once and used repeatedly. Here...

Free or Low-Cost Ways to Reward Employees

Staff members (“employees”) deserved to be recognized for doing outstanding work, being a team player, meeting deadlines, or other positive behaviors. Rewards are an undeniably great way to build morale and confidence, provide incentives for continued good work, and grow company loyalty. Sometimes, though, the budget is tight. Free or Low-Cost Ways to Reward Employees...