Most business owners would probably agree that, when it comes to sales, there is always room for improvement. To this end, every company should strive for organic sales growth — that is, increases from existing operations unrelated to a merger or acquisition. That is not to...
You have probably read articles or heard stories about how AI is bringing sweeping change to a wide variety of industries. It is one thing to learn about how this remarkable technology is changing someone else’s company and quite another to apply it to your...
With the holidays over, it is time to get back to the grind. The beginning of the year can be a busy time for business owners and executives because you no doubt want to get off to a strong start in 2020. One danger of a...
If your company comes up over budget year after year, you may want to consider cost management. This is a formalized, systematic review of operations and resources with the stated goal of reducing costs at every level and controlling them going forward. As part of...
The end of one year and the beginning of the next is a great opportunity for reflection and planning. You have 12 months to look back on and another 12 ahead to look forward to. Here are five ways to strengthen your business for the...
If your marketing budget is limited, there may be ways to make that money go further. Smart strategies abound for small to midsize businesses. Included below are a few ideas for stretching your marketing dollars a bit further. Check out the big guys Look to larger companies...
Device policies pertaining to smartphones and other technology tools continue to frustrate business owners as they try to balance their needs for security and functionality against employees’ rights to privacy and freedom. At some companies, loose ‘bring your own device’ (BYOD) policies are giving way...
Business owners are urged to create succession plans for the good of their families and employees. But there is someone else who holds a key interest in the longevity of your company: Your lender. If you want to maintain a clear path to acquiring the working...
‘Company culture’ is a buzzword that has been around for a while, but your culture may never have mattered as much as it does in today’s transparency-driven business arena. Customers, potential partners and investors, and job candidates are paying more attention to company culture when...
At many companies, a wide gap exists between the budgeting process and risk management. Failing to consider major threats could leave you vulnerable to high-impact hits to your budget if one or more of these dangers materialize. Here are some common types of risks to...