Small and medium sized business owners understand that operating a business is no small task. Regardless of whether you have placed yourself in charge of all day-to-day operations, or if you are a hands-off owner that prefers to let their staff run the show, there are still countless tasks that need to be taken care […]
It is no secret that we live in a society with a fast-moving, ever-evolving economy in the United States. As a business owner, you are likely aware of how that makes you prone to more threats and risks in operating your day-to-day company and sometimes even your success in its entirety. Managing your businesses day-to-day […]
Small and medium sized business owners understand that running a business involves teamwork, strategy, achievement and competition, much like the game of baseball. There are several terms (or phrases) used in baseball that are often used in the business world as well. Below are some of the more common baseball terms that are often used […]
Small business owners understand that running a business is a very demanding job, as there are a million different directions they can be pulled in and also a million different things that need to get done over the course of the day. It is also very easy to get overwhelmed/burned out and productivity can take […]
As a small business owner, you understand that motivating your employees is imperative to the success of the Company. But certainly not all employees are as motivated as “the boss” is in regard to giving it their all each and every day. In a recent SHRM Employee Job Satisfaction and Engagement survey, only 69 percent […]
Many small business owners utilize specific habits in regard to their finances that enable them to run a successful business. As there are a plethora of ways to sustain and improve their business’ financial success without making any major fundamental changes, some common habits are detailed below. Conduct regular reviews of financial statements: Reviewing the […]
Seasonal business owners are all too familiar with having to navigate through the fluctuations of the business throughout the year. This can be a very stressful task for any business owner (especially during the slower times) but it does not have to be. Below are some tips that can help small business owners combat seasonality […]
Due to a number of factors including high operational costs, inconsistent cash flows, regulatory challenges and depreciating equipment, among others, small businesses operating in the trucking/logistics industry are considered high risk companies and lending sources often deny their requests for the financing they may desperately need to keep their businesses running. However, despite that, there […]
According to the U.S. Bureau of Labor Statistics, approximately 20 percent of small businesses fail within the first year of operations and about 50 percent fail within the first five years. This can be attributed to a wide variety of factors. But as a small business owner, it is important to understand the main reasons […]