Posted October 22, 2009 - 07:00 by Greg Go
Improving your business is critical to staying afloat and growing. Here are some resources out there that will sharpen your skills, improve your offerings and allow you to grow your business.
Posted October 8, 2009 - 12:42 by Greg Go
Let's be honest: running a small business is not an easy task. And even the most successful business owners have had their fair share of blunders. Here are some of the biggest mistakes that prominent business owners have made, and the lessons they've learned.
Posted October 7, 2009 - 18:41 by Nora Dunn
We have all heard that the business plan is the foundation for every business, and we may try to do one by going through the motions. But until we truly embrace the business plan as our roadmap to entrepreneurial success, we may flounder in a sea of incompetence. Having this roadmap keeps your goals aligned with your progress.
Posted September 28, 2009 - 07:58 by Lynn Truong
Employee incentive programs are popular, if only because they are prolific. Though conventional wisdom tells us otherwise, many will argue that these programs are not just ineffective, they are detrimental. Before deciding to implement an incentive program for your small business, let's look at the top 10 myths about them.
Posted September 17, 2009 - 18:38 by Nora Dunn
As a business owner—the king (or queen) of your castle, the master of your domain, and the ruler of all things to do with your company—you have it all. You also do it all, and sometimes you also try to be "it all" to everybody too. But the big bucks are made not on one person’s efforts alone, but the efforts of many. Today we will look at the inherent characteristics of outsourcing.
Posted September 2, 2009 - 18:34 by Julie Rains
A well-run vendor-managed inventory (VMI) program could allow your business to speed up its cash flow by more closely matching your cash outlay for inventory with your cash inflows from sales and other income-generating activities.
Posted August 6, 2009 - 09:00 by Nora Dunn
How do you collect on delinquent accounts without damaging the customer relationship? How do you manage the balance between keeping a steady stream of new clients coming through the door, servicing your existing clients, and keeping the accounting books even? Issues such as cash flow management, administrative organization, and the ability to set firm payment terms will contribute to the ease – or lack thereof – of managing your business and collecting successfully on delinquent accounts.
Posted August 1, 2009 - 18:27 by Nora Dunn
When I was a practicing financial planner, I was shocked at the number of small business clients who did nothing but blink their eyes in response to my line of questions about their business succession plan. These are people who poured years of blood, sweat, and tears into their businesses, making it a corner piece in their lives. With so much invested, they had little to no thought towards how the business would evolve with them. Here are some points for consideration in developing your own business succession plan.
Posted July 17, 2009 - 18:26 by Nora Dunn
As a business owner, you probably already own more insurance policies than you ever imagined you would: liability, contents, vehicles, and any number of policies are often strict necessities. Heck, you may even have a pet insurance policy. However none of these forms of insurance actually protect the life of your business. Only these two forms of life insurance can be used to protect your business when the going gets tough.
Posted June 30, 2009 - 18:22 by Nora Dunn
Life happens while we are busy making plans, and sometimes life’s happenings can throw us curve balls that will affect not only our relationships, but the business. Disabilities, untimely deaths, marriage breakdown, and simple falling-out between partners can mean disaster if these scenarios (and others) have not been given due consideration. Also known as a Buy-Sell Agreement, a Shareholder’s Agreement is designed to help you and your business navigate life’s tricky twists and turns. Here are 10 common clauses to look for in your Shareholder's Agreement.
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