No business owner wants to think about facing disaster, but each should be prepared for one. With the right planning, catastrophes from fires to floods can be reduced to substantial challenges on the long road of ownership. Follow these tips to be prepared. Prepare an Evacuation Box Purchase a lockable “evacuation box” to hold important documents such as prior year tax … [Read more...] about Checklist for Disaster Preparedness and Recovery
There comes a point in the life of any business owner when it seems like you are staring at a wall. Maybe sales have slowed to a crawl, maybe the work has become monotonous, or perhaps a few setbacks have happened recently. Whatever the cause, there may be a day when you are tempted to just forget the whole thing. Here are a few simple ways to overcome business setbacks and get … [Read more...] about Setbacks? How to Push Yourself Out of the Slump
When you're a small business owner there's no "Golden Parachute", no massive severance package or stock options to cash in on and there are definitely no bailouts. The success or failure of your small business is all on your shoulders! Here's are 5 things to do if you want your business to fail when the economy is weak: Don't do anything Don't do enough Don't … [Read more...] about How to Avoid Business Failure & Increase Sales in a Lagging Economy
Why is it that 80% of companies that are able to survive the first five years of business will usually fail in the next five? Shouldn't they know what to do after being in business for the first five years? The reason is because markets and economies are changing so fast that what works in business today will not work in three to five years. If you have the mindset of … [Read more...] about Secret to Continued Success: Innovate and Make Yourself Obsolete!
When times get complicated, it helps to go back to the basics. Many companies are exploring how to motivate and engage staff as well as attract customers and maintain their satisfaction with limited resources. What can a business do during a slow time that makes work lives meaningful and increases customer satisfaction while not upsetting the budget? It's remarkably … [Read more...] about How to Create More Business During Slow Times