Mission statements are not just for large corporations. As an owner of a small business, you can benefit from going through the exercise of writing your mission statement. It can not only re-connect you with your "why," it can also communicate an important part of your business to all of your stakeholders. What Is a Mission Statement? A mission statement answers the question "What impact will you have on the world?" It's … [Read more...]
Need an A/R Makeover? A Quick, 5-Item Best Practice Checklist
Technology has allowed businesses to make substantial improvements in their customer invoicing processes. The good news is that when you implement these technologies, you will almost always get paid much faster.If it’s been a few years since the last time you’ve changed your accounts receivable processes, it’s time for a new look. Here are five tips you can use to rate your own invoicing process.1.Invoice CreationThe best way … [Read more...]
Five Cash Leaks to Avoid
Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it. The last thing a business owner wants is to reduce their cash balance unnecessarily. To help you preserve or increase your cash, here are five cash management leaks to avoid.1. Bloated Bank FeesSome banks are more business-friendly than others. We recommend you assess the fees you are … [Read more...]
The Fine Art of Prioritization
Running a business usually means putting in over 40 hours a week. In fact, if you’re the typical entrepreneur, you have more ideas you want to implement than you have time for! That’s when proactive, strategically executed prioritization can make all the difference.So Hard to ChooseIf you have lots of ideas in your head or on your “to-do” list that are not getting done, you’re certainly not alone. Here’s a process for … [Read more...]
Seven Strategies to Put the Spring into Your Sales
Spring is here and that’s the perfect time to try something new in your business to make things fresh. Here are seven ideas to try in your business; pick the one that’s most likely to put the spring in your sales. 1. BOGO “Buy one, get one” or BOGO deals are always hot and never grow old. Even if it’s not common in your industry, see if you can adapt and create a deal like this. The best thing about a BOGO strategy is it … [Read more...]
- 1
- 2
- 3
- 4
- Next Page »
