POST CATEGORY : Management

To Partner or Not Partner? That is the Question…

When someone starts a new business, one of the first decisions to make is whether or not to form a sole proprietorship or partnership. Partnerships alter the legal structure of the business, taxes and relationships in ways you must consider before you simply assume the best solution is dividing ownership of the business.

To partner or not partner? Shakespeare meme

There are pros and cons of bringing in others as partners instead of hiring them as employees or receiving loans instead of giving away equity.

Paperwork

It is easier to create a general partnership than form a corporation. The biggest risk this creates is personal liability. A corporation is a separate legal entity that has to have its own financial accounts and takes on the financial and legal liabilities of the company.…

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The First Five Things You Should Consider When Your Business Starts to Boom

Everyone who starts a business does so with a dream in mind; however, very few actually make that dream a reality, let alone a profitable one.

However, what happens when the seemingly unthinkable happens and the money actually starting rolling in?

Startup growth

Oddly enough, raking in the dough as an entrepreneur can be both a blessing and a curse. After all, there are plenty of options on the table which can be quite daunting as a business owner.

For example, is it best to conduct business as usual and pretend like your profits aren’t even there? Should you immediately invest the money back into your business?…

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Stopping Slip and Fall Accidents: What to Do Before Bad Things Happen at Your Business

If you are a small business owner then you have plenty to worry about, including ensuring that your clients are satisfied, double checking that your inventory is well stocked, and making sure that your suppliers can be relied on. One thing that you may have overlooked but which could make a big difference to your business’s bottom line is a slip and fall accident.

Caution wet floor sign

As a business owner, you are responsible for ensuring that your business is safe for any visitors, including customers and employees. If you fail to provide a safe space and a person slips and falls then you could be held liable and the cost to your business could be extremely high.…

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How Your Small Businesses Can Compete With Big Companies

A few years ago, small businesses that tried to compete with big brands found it difficult to keep up. For those business owners, it was an uphill battle they could not win. But today, your business can co-exist profitably with big box stores using these tried and tested approaches:

Customer service is your competitive advantage

Take Your Business Online

If you haven’t done so yet, it’s time that you do. Having a strong online presence is key to your success. Why? Because everyone is online nowadays! Build a professional website and use professional SEO services to help get your website as high up as possible in Google searches.…

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Your Business Automobile – What You Need To Know

Even your personal vehicle can be considered your work vehicle, part of the time, especially if you’re self-employed. Whether you already have a vehicle and want to know more about what it can do for your business, or you’re now in the market for a business vehicle, there are some things you want to keep in mind.

Business car and stylish businessman

When it comes to your work vehicle, especially if you also use it for personal means, you want to keep track of a lot of things, from repairs to where you’re driving it to and from. Here are some things you need to know if you want to get the most out of your business automobile.…

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3 Signs Your Business Is Starting To Take Off

Starting your own business can be a tumultuous road which requires a lot of patience and tenacity. Often when a woman starts her first business she has high hopes of it taking off the first year and becoming a millionaire right away.

Business launch

Unfortunately the reality is that it takes years to get to a point of really reeling in the success. However, when success finally does hit you there is a huge wave of satisfaction knowing that your hard work has finally paid off.

Your Income Is Greater Than Your Debt

Getting your business going can often mean a lot more going out of your pocket than going into it in the beginning.…

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3 Time Management Tips for Small Business Owners

One of the toughest parts of owning and managing a small business is the feeling of never having enough time to accomplish everything. To reduce some of your workload, you add a few employees. But, having employees brings a new set of small business owner responsibilities, such as employee hour tracking.

Time management

There never seems to be enough time in the day to complete all your small business tasks.

Do these statistics resonate with you?

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Top 4 Tips For Making Your Customers Happy

When it comes to running a business any business owner will tell you that it is easy to make customers dissatisfied. Making customers satisfied, on the other hand, is a little bit more of a process which requires effort and attention.

Serving a happy customer

In order to keep customers coming back, the formula is usually the same regardless of your line of work. Here are some of the most foolproof ways to make and keep your customers coming back.

Be Responsive

When a customer reaches out for services or information, it is crucial to be available to answer their queries and requests. When you are not available or it is out of business hours it is important to have a reliable and organized messaging service where they can leave their details and receive a call back at your earliest convenience.…

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Money for Nothing? The Value of Consultants

They get a bad press, consultants. They’re sometimes thought of as being people who charge a lot of money to tell you what you already know. People worry if they’re getting any value from consultants.

Consultants

However, genuinely qualified and talented consultants can bring real value to your business. If you’ve wondered how, there are a number of ways they do it, and a number of benefits they bring.

1. Expertise

Typically, consultants have trained extensively in their chosen specialism. This means that they should have a level of expertise greater than is available to you in-house. For example, these days creating your own website is pretty easy using free and easily available software.…

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Structure Your Business With Kanban

Starting a new business?

Want to increase your chances for success?

Every company, regardless of its size, needs to plan and establish an internal processes. Not only does a well-ordered set of core processes allow your business to consistently improve and streamline its operations, it also makes the sustainable expansion of those operations more likely.

Kanban

Many new entrepreneurs are so eager to get going that they often haven’t given much thought to how they should design and build the operational systems that define their business.…

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