Like most businesses, yours probably has a variety of physical assets, such as production equipment, office furnishings, and a plethora of technological devices. But the largest physical asset in your portfolio may be your real estate holdings — that is, the building and the land...
Few businesses today can afford to let potential buyers slip through the cracks. Customer relationship management (CRM) software can help you build long-term relationships with those most likely to buy your products or services. But to maximize your return on investment in one of these...
There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to midsize businesses may find the prospect of implementing a state-of-the-art review process overwhelming. The simple truth is that smaller companies may not need to exert a...
Buy Vs. Lease: Business Equipment Edition Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease. You have probably faced this decision when considering office space or a location for your company’s...
The pace of health care cost inflation has remained moderate over the past year or so, and employers are trying to keep it that way. In response, many businesses are not seeking immediate cost-cutting measures or asking employees to shoulder more of the burden. Rather,...
Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by internal factors such as weak financial oversight, lack of management consensus, or one-person rule. External factors...
As companies increase their investments in social media marketing, many are seeking ways to make it simpler and more cost-effective. Here are some ways to take a measured approach. Pick your battles Many marketers have realized that their companies do not need to be on every social...
It is every business owner’s nightmare. Should hackers gain access to your customers’ or employees’ sensitive data, the very reputation of your company could be compromised. And lawsuits might soon follow. No business owner wants to think about such a crisis, yet it is imperative that...
Absenteeism has typically been a thorn in the side of many companies. However, there is a flip side to employees failing to show up to work: ‘presenteeism.’ This is when employees come in to work unwell or put in excessive overtime. Now, you probably appreciate and...
As an individual, you have no doubt been urged to regularly check your credit score. Most people know that, with a subpar personal credit score, they will have trouble buying a home or car, or just getting a reasonable-rate credit card. But how about your business...