Small Business Success Archives

Small Business Success: Make Quicker Decisions

Unless you have a magic crystal ball, making fast decisions when you’re a brand-new entrepreneur can be hard. Small business owners are often faced with major forks in the road. These business owners are usually highly aware of the ramifications of making a wrong decision. The problem often is they don’t have the experience with the particular decision area to know which way to turn. Now imagine that you’re a new business owner facing the demand for dozens of these quick decisions each week. Decision fatigue is real, so how can you make a fast decision and not paralyze or [...]

May 7th, 2021|Management|

Small Business Success: Leverage Technology

When it comes to any business, technology is both an enabler and a disruptor. Technology helps small businesses and startups compete with big players in the marketplace. New software tools in the cloud have revolutionized how we do business. How do small organizations benefit from IT? Whether it’s video conferencing to bring remote teams together during global pandemics or sophisticated yet easy-to-use applicant tracking systems to find candidates, today’s small businesses need technology to optimize and streamline their efficiency. Here are some of the benefits of technology in business and why small companies must leverage technology to get ahead. Technology [...]

March 5th, 2021|Management|

Small Business Success: Why Do Some Fail and Some Succeed?

You’ve probably heard half of all new businesses fail in their first year. That isn’t exactly true. The U.S. Bureau of Labor Statistics is quoted in Investopedia as saying 20% of new businesses fail during the first two years, 45% during the first five years, and 65% during the first decade. The article stated that only 25% of all new businesses make it to the 15-year mark. However, the point is the same: A lot of businesses simply don’t make it much further than their opening. What is the difference between a business that fails and one that doesn’t? Why do some [...]

December 3rd, 2020|Management|

Small Business Success: 4 Tips to Start Creating an Employer Brand

The key to attracting the best candidates today is to develop and maintain an employer brand. But what is an employer brand? What is it so important? How can you create and build your employer brand? Understanding the Employer Brand Employer branding is the reputation you have with your employees, candidates, the public, and even your sales targets. From a recruiting perspective, your brand is how outsiders view your company and the values you offer. You use your brand to attract candidates and retain your existing employees. The better your brand, the easier it will be to attract top [...]

October 1st, 2020|Management|

Small Business Success: Stay Balanced

Most small business owners would agree that it's hard to find a balance between work and life. Small business owners remain the backbone of the American economy, and they work long hours to launch and build their companies. But as the saying goes, all work and no play make for a difficult life for these entrepreneurs. Here are some tips for the small business owner seeking some balance. Scheduling a Time Out Small business owners need a time out. You cannot work 24/7. Scheduling breaks throughout the day is one way to build a little more balance into your hectic [...]

September 4th, 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|

Small Business Success: Creating a Clear Organizational Structure

It’s not overly dramatic to suggest that a small business can fail without an organizational structure. Without structure, tasks can fall through the cracks, employees lack accountability, and rewards for hard work simply don’t happen. Here are the hows and whys of starting a small business with a clear structure in place. Why You Need Structure — Even in a Start-Up If you’re launching a small business, setting up an organizational structure may be the last thing you’re worried about creating. There are so many little details that it might be challenging to consider an internal system to measure activities [...]

March 7th, 2020|Management|

4 Steps to Build a Powerhouse Recruiting Team

times of low unemployment, building a robust, collaborative recruiting team is particularly important. That team is the front line in your efforts to successfully attract top talent to your organization. It’s one of the most valuable roles in the organization. But how can companies build rock-solid recruiting teams? If your business never had a recruiting team before, or if the current team isn’t up to par and you’re ready to improve, we have four critical steps for building a capable group of talent finders. Step 1: Define Your Goals and Set the Stage Determining the roles of your new recruiting [...]

February 21st, 2020|Management|