If your business is big enough to have managers and possibly even “departments” then you are probably familiar with the phenomenon of a silo structure. When you have reached the point in your business growth that you have hired managers and the reporting structure has become identifiably vertical in each area, or ...
Pretend you’re seeing your business for the first time. Now ask yourself what you’d be willing to pay for it if you were in the market to buy a company. What gives it value, and what’s missing that, if present, would convince you to pay more?
Some small business problems lurk beneath the surface; others wave a red flag that’s impossible to miss. Cash flow problems can be the hardest to ignore. They feel big because they are. In the earliest stages of a new business, people are often heavily focused on cash. Much like living paycheck to paycheck, new bu...
Some small business problems lurk beneath the surface; others wave a red flag that’s impossible to miss. Cash flow problems can be the hardest to ignore. They feel big because they are. But issues with cash flow aren’t insurmountable. If you're not making enough money to cover your expenses, it means something abo...
While 2020 was an unprecedented time for business owners, 2021 has continued to present some unique situations. For some, it's remained a challenge to keep business going, managing through pivots and some hard choices. For others, business has been able to stay the course—or even boom. Whatever side of the coin yo...
Retaining your employees takes creativity and problem-solving in the best of times. This is even truer for small businesses who may not have the financial position to offer higher pay. When your employees are weighing their options, watching job boards or responding to eager recruiters, the promise of making more ...
Do you remember your mindset back when you decided to start your own business? You were good at something, and you knew it. Why spend your time doing that something for someone else when you could have the freedom of being your own boss? But then you got wrapped up doing the work of the business—doing the graphic ...
Most small business owners we speak to about growing their companies spend the majority of their time making, selling or delivering their product or service. They know how to do the work the way they want it done, but they struggle getting other people to do it according to their standards. And when there’s a job ...
As many teams are returning to work in some form, business owners are facing an uncomfortable realization. The old frustrations with your employees—the ones you’d forgotten about or maybe only realized with a period of unprecedented space from your team—are still there. The things that weren't working before still...