Monday morning. The alarm goes off. Time for work. As you’re stop-and-going your way through rush hour to work, it occurs to you, “I’m going to quit my job and start my own business!” Or maybe you have acquired some skills and knowledge and just know that you can do things better than the company… Continue reading Launching a Business
Category: Business Strategy
Your Key to Strategic Success: The SWOT Analysis
What is this, Business 101 again? Yes, mention of a SWOT Analysis feels like you’re back in business school or working on your first business plan. I bet, though, that you also remember the SWOT Analysis as one of the fun parts of a business plan. It provides such a great, 10,000-foot perspective on the… Continue reading Your Key to Strategic Success: The SWOT Analysis
1099 Reasons to Hire Independent Contractors
Maybe not 1099 reasons. But there are good reasons to go the independent contractor route versus hiring employees. Of course, there are also compelling reasons to go the other direction on that. There’s a lot to consider when you make this choice, so let’s dive in. Independent Contractors versus W2 Employees Before we get into… Continue reading 1099 Reasons to Hire Independent Contractors
I’m Hired! Going Entrepreneur
Gone to launch! You’ve been thinking of leaving that job and starting your own business for a while now. Or maybe that decision was made for you. In either case, the idea of starting your own business is enticing, the good old American Dream! The question is, are you ready? What’s next? Let’s review that.… Continue reading I’m Hired! Going Entrepreneur
5 Ways to Finish 2018 with a Bang!
2018 is fast coming to a close, and the Holiday festivities are already starting to fill up your calendar. You set some aggressive goals for the year and did some much needed strategic and tax planning with your advisors. Crunch time is coming, and there are some things you can do to finish 2018 strong… Continue reading 5 Ways to Finish 2018 with a Bang!
How to Decrease Your Business Insurance Costs
Adequate insurance coverage is, in many cases, a legal requirement for a business. Even if it’s not for your company, proper coverage remains a risk management imperative. But that doesn’t mean you have to take high insurance costs sitting down. If you are wondering how to decrease your business insurance costs, there are a… Continue reading How to Decrease Your Business Insurance Costs
Business Owners: Put Your Successor in a Position to Succeed
When it comes time to transition your role as business owner to someone else, you’ll face many changes. One of them is becoming a mentor. As such, you’ll have to communicate clearly, show some patience and have a clear conception of what you want to accomplish before stepping down. Here are some tips on… Continue reading Business Owners: Put Your Successor in a Position to Succeed
Could Stronger Governance Benefit Your Business?
Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But not every business has strong governance. In a nutshell, governance is the set of rules, practices and processes by which a company is directed and controlled. Strengthening it can help ensure productivity, reduce legal… Continue reading Could Stronger Governance Benefit Your Business?
How to Find Bottleneck Risks in Your Supply Chain
Concentration risks are a threat to your supply chain. These occur when a company relies on a customer or supplier for 10% or more of its revenue or materials, or on several customers or suppliers located in the same geographic region. If a key customer or supplier experiences turmoil, the repercussions travel up or… Continue reading How to Find Bottleneck Risks in Your Supply Chain
Enhance benefits’ perceived value with strong communication
Providing a strong package of benefits is a competitive imperative in today’s business world. Like many employers, you’ve probably worked hard to put together a solid menu of offerings to your staff. Unfortunately, many employees don’t perceive the full value of the benefits they receive.