4 Tips for Maintaining Growth as a Startup

The very earliest days of starting up a new business will inevitably be challenging for the founders involved at the sharp end, regardless of the goals being set or the markets being targeted. But once a measure of growth and success has been achieved, there are new challenges to overcome and a new array of pitfalls to avoid.

Startup cofounders

Here’s a look at a few ways in which a fledgling company might aim to maintain growth and develop consistently into a business with a sustainable future.

1. Avoid making too many promises

Having ambitions to grow is essential as a startup but it can be just as important for a new company’s founders not to promise more than they are capable of delivering.…

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50 Shades of Green: The Difference Between Seeming and Being Sustainable

Green is the new black, and sustainability has been “in” for well over a decade. In fact, companies that don’t strive to support the green movement might as well close up and turn out the lights. In today’s ardently ecological climate, it makes smart business sense to build a brand on the basic tenants of sustainability, but too many businesses are giving the movement a bad name with less than adequate standards.

Bike to work

Even if you reduce, reuse, and recycle, your business likely contributes to a number of dangerous practices that are doing untold damage to the Earth and its people, and if your tree-hugging customers discover your washed-out shades of green, you might as well flip your “open” sign to “closed.” Here are a handful of key areas you might want to investigate to ensure your business is even more sustainable than it seems.…

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Navigating Coworker Conflict (from an owner’s perspective)

Unresolved or unaddressed conflicts at work can impede productivity and impact staff morale. While these situations are often a normal consequence of people working closely together, there are some tactics that will help to defuse these common occurrences and get your team back on track.

Conflict in the workplace

A successful mediation may even set the stage for increased productivity and provide affirmation to your team that their hard work and efforts are greatly appreciated. Let’s take a look at some of the skillsets that business owners can implement for successful mediation during coworker conflict. Some of these are in direct response to conflict while others are more preventative in nature.…

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5 Ways to Be a More Ethical Leader

In today’s business environment, perhaps no principle is more revered — and yet more misunderstood — than ethics. Leaders and business owners claim that they want to be more ethical, or that that conduct their businesses in an ethical fashion, yet have difficulty articulating exactly what that means to their daily operations.

Ethics

Often companies will devote considerable time and resources toward becoming a more social responsible — ethical — organization, with the intent of attracting more business and a more loyal customer base. And there is some evidence that those efforts pay off; in a recent Wall Street Journal report, researchers found that consumers are more willing to support, and will pay more for products from, a company that they believe acts ethically.…

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Modern Business: Tips to Keep Up with the Techonological Times

Many businesses don’t keep up with the times. They fall behind their competition quickly and then get stuck there forever. Here’s how to stay on top of the every-changing technological times.

Adopting cloud technology

Make Your Business Mobile And Flexible

Most businesses today have some element of mobility. Whether it’s a mobile site for customers or remote access tools for employees and the owner. If you haven’t implemented this kind of functionality, you’re already behind your competition.

You need to hire IT services companies that can bring you up to speed, and fast. Companies that can do business from anywhere are able to provide customers with unparalleled flexibility.…

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Great CEOs are Down on The Basics

There are hundreds of advice columns for CEOs, so let’s start this one with an acknowledgment of how CEOs got where they are in the first place.

Chief executives are bright, fact-based big-picture thinkers who have an innate ability to tune in to what other people are thinking, feeling and doing and to turn that instinct (and knowledge) to their company’s advantage. Those are the basic attributes.

Business woman and CEO

CEOs don’t overlook the small details, but they don’t get hung up on them, either. They are big-picture thinkers, which allows them to focus on long-term company goals.

In so many words, a company can hire all the detail-oriented people they need.…

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Intelligent Insights to Ignite Positive Change for Your Business

Brought to you by Spark Business® from Capital One®

Whether you’re breaking into new industries, creating services within a community, or carving a niche out of an existing market, as a modern entrepreneur, you’re set on exceeding expectations on all fronts. Part of getting to that place is sourcing helpful insights that work to demystify small business, and in turn, lead to positive change.

Spark Business IQ by Spark Business® from Capital One® aims to keep business owners inspired and on the path towards growth and improved financial management through news, tips, tools, and business stories.

Visit Spark Business IQ to help ignite positive change for your business today.

For more information on the Spark Business credit cards, visit www.CapitalOne.com/smallbusiness.

Architect

This editorial is sponsored by Spark Business® from Capital One®

5 Challenges Faced by Small Businesses in 2015

Companies face difficult challenges in today’s competitive business world. Some researchers estimate that about 50 percent of companies only last four or five years before going out of business. To avoid failure, entrepreneurs need to know how they can face these five common challenges in 2015.

Freerider

1. Keeping Up with Regulations

Large companies hire lawyers to make sure they follow the latest regulations for their industries. Small businesses rarely have enough money to keep lawyers on retainer. This can make it difficult for them to keep up with evolving regulations.

There are several ways to lower the costs of regulatory compliance.…

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Consulting Advice for your Startup

Startup companies typically have a high amount of energy, which they need to grow into something that is viable as a business. Taking it to the next level isn’t always easy, though. Read on for advice on how to organize leadership, manage projects, and develop tools that help startups succeed.

Entering Startup

photo credit: Mike / Flickr

Organizational Management

Your startup’s leadership team is the strength that holds your entity together, so how you organize your leadership team is important. Building a leadership team involves inspiration, motivation, goal championing, and efficiency.

For a business to succeed, you typically need the right people to hold the right positions.…

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Effective Leadership Makes an Impact

Few things can impact a company as greatly as effective leadership. When executives and other management level personnel show tremendous dedication to an organization, the rank and file employees notice. Productivity can be enhanced, morale can be increased, and the employee satisfaction can be substantially higher.

Effective leadership

Leadership has a way of trickling down from the CEO throughout the entire organization. Ian Mackechnie Amscot Financial CEO utilizes effective leadership practices to serve as a viable example for everyone at the company, which pays off in several ways with every employee.

Slow Growth

One aspect of leadership that has the possibility of backfiring is growth.…

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