Have you applied for a business loan lately? Or had some repairs done on your facilities? Maybe you have signed a contract with a certain technologically inclined customer or vendor. In any of these instances, you (or one of your employees) probably had to electronically...
Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z. Managing a workforce with a wide age range requires flexibility and skill. If you are successful,...
To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to cover revenues lost and expenses incurred when normal operations are limited or suspended. While buying coverage is one thing — making a claim and receiving the...
The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when attempting to resolve the many challenges facing them. But the word has an alternate meaning in a business context as well — and a distinctly...
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...