Management

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Small Business Success: Prepare for the Unexpected

Cash is always King, but particularly so in the crucial period from startup to midsize business. Generally, this time in the business lifecycle is characterized by funding challenges. Many organizations fail to make it to the next level, where cash flows more smoothly than in those lean startup years.  In light of everything that has happened in 2020 so far, how can your business prepare for hard times? If our “new normal” is a fluctuating economy, what does a small business need to do to stay ahead of the game?  Preparing for the Unexpected with a Cash Reserve  Preparing for [...]

July 3rd, 2020|Management|

4 Business Insights for a Tight Budget

Small business budgets are almost always tight, but now more than ever before. Many small businesses shut down for a time this spring, many have changed their service lines, furloughed or laid off staff, and generally tightened their belts. How can small businesses evolve their budgets to improve cash on hand? What are the solutions for small businesses on a tight budget?  Biggest Budgetary Pain Points for Small Businesses  Managing cash flow (What cash flow?) has always been the most significant pain point for any small business. Resources are limited, and margins are slim for most startups and small businesses. [...]

June 19th, 2020|Management|

Small Business Success: Believe In What You Do

If you don’t believe in your business, it is more likely to fail. Particularly now, when the COVID-19 crisis is devastating so many small companies, many of which may not bounce back from this crisis, it will be the business owners believe in their power to persevere that may mean the difference between reopening and closing forever. Why do small business owners need to believe in what they do? How can negativity impact a company and potentially impact its success or failure?   You Make It Happen  Entrepreneur says, “If you believe that you have the creativity, focus, and discipline to solve [...]

June 5th, 2020|Management|

Are You Rewarding Your Companies Top Performers?

Even when the economic indicators are slipping, and there are plenty of candidates on the market, companies should take care of their top performers. Retention saves your company the time and money it takes to find new talent and retrain them. The disruption from a lost valued employee is always costly. That’s precisely why a corporate strategy around tracking key performance indicators (KPIs) to find your top performers and then rewarding them for their production efforts is so important. Here’s how to set your company and your best employees up for many years of success.  Tracking the Top Performers  The [...]

May 15th, 2020|Management|

Small Business Success: Create a Network of Other Business Owners

When you’re a small business owner, networking is the last thing you probably feel like you have time to do. Why should you spend your energy building a network of business colleagues when you have so much to get done every day? This article will share why it’s important to build a business network and how it can benefit your small business owner.  Invest in Your Success—By Networking  There’s a lot of personal investment that goes into a small business, both financially and physically. Once your business is established, it can be lonely at the top. Your employees look to [...]

May 1st, 2020|Management|

How Is Your Recruiting Firm Standing Out from the Crowd?

There are hundreds, if not thousands, of recruiting firms around the country. They all create a lot of noise for talented candidates, some of which get several emails and phone calls from competing recruiters every week. This is especially true for high-demand roles like developers. So, how can your recruiting firm cut through the clamor and build a solid reputation that also builds relationships with candidates? Specialize and Brand Your Expertise A staffing agency doesn’t need to be all things to all people to be successful. They should pursue the art of specialization to carve out a strong niche that [...]

April 17th, 2020|Management|

Benefits of Maintaining Strong Communication With Your Candidates Through A Crisis

Communicating with your candidates is always important, but maintaining strong communication with them during a crisis can set you apart from your competitors. Thanks to COVID-19, our economy came to a grinding halt in March, and businesses are facing unique challenges. On one hand, millions of businesses were deemed “non-essential” and were forced to close their doors, putting them in danger of shutting down permanently. On the other hand, some employers in industries deemed essential are having problems attracting candidates amid the crisis. Whatever your struggles are now, there are real benefits that come with staying in touch with candidates [...]

April 6th, 2020|HR, Management|

Small Business Success: Be Adaptable

Even before companies had to deal with the crisis of a global pandemic, adaptability was one of the essential characteristics of any business. In 2011, the Harvard Business Review named adaptability as the crucial trait for any company or business leader trying to achieve a competitive advantage. In the ensuing years, we believe adaptability has grown even more critical, particularly for small businesses trying to stay afloat in some admittedly turbulent times. Here is why adaptability should remain at the forefront of your strategy, culture, and actions in a small business.  Understanding Adaptability in the Small Business  The digital era has been [...]

April 3rd, 2020|Management|

How to Properly Engage With Potential Candidates Online

Attracting candidates online is getting harder. There’s so much clutter out there. But we know candidate engagement is hugely important to today’s hiring efforts, particularly so because the unemployment rate is so low.   Engaging with candidates is just part of optimizing their experience with your company. Here are some of the best ways to reach out to candidates, connect, and keep them interested in your company.   Recruiting Success and Candidate Engagement  Today, social media can help you find out a lot about a candidate before they ever walk into your business. When you find the candidate that’s right for your [...]

March 27th, 2020|Management|

Why Business Owners Need to Take Vacation for Themselves Too

When you start your own business, the idea of being your own boss may be what attracted you to entrepreneurship. Maybe you thought that you’d have flexibility and freedom and work/life balance. But we’re sorry to report that in most cases, owning a business means working harder and longer than your corporate friends and neighbors. But finding work/life balance in the form of vacation and time off is crucial to avoiding burnout. Here’s why you should do something for yourself outside of your small business.  Small Business Owner Statistics on Work/Life Balance  If you own a business, you already know [...]

March 20th, 2020|Management|