How to Reduce Business Expenses Without Losing Your Sanity Running a small business is tough enough, but when revenue drops, it’s time to make some critical decisions about expenses. In “the Small Business Survival Guide”, Ray Silverstein tackles this head-on, offering insights on how to cut costs, especially those so-called “fixed” expenses. In this post,…
Tracking Your Business Progress: How to Measure and Manage Growth Effectively Running a small business can often feel like you’re managing by intuition, reacting to challenges as they arise. However, guesswork and gut feelings aren’t enough to ensure long-term success. To truly grow your business, you need to track your progress through clear processes and…
How to Create a Marketing Plan and Budget for Your Small Business If you’re a small business owner, you’ve likely thought about your marketing efforts. But, do you have a written marketing plan? Many businesses approach marketing in a haphazard way—acting on impulse rather than strategy. Unfortunately, this usually leads to inconsistent and ineffective results….
How to Identify and Avoid Organizational Growing Pains in Your Small Business Growing a business is exciting, but can you grow too fast? Absolutely. While rapid growth might sound like the ultimate success, it can be more harmful than helpful. In fact, research shows that businesses growing over 25% annually are at a higher risk…
Unlocking Your Business’s Financial Secrets: The Four Types of Expenses Hey there, fellow business aficionados! Today, we’re diving into a topic that might sound a bit dry at first glance but is absolutely crucial for anyone steering the ship of a small business: expenses. Yes, those financial puzzle pieces that can make or break your…
Go Figure… How often do you review your critical numbers, those all-important figures that indicate how your business is doing? Do you wait until the end of the month, quarterly, or year to find out where you’ve been and how you’ve been doing? Or do you keep a constant eye on them? And what numbers…
What if… You needed a banker? Small Businesses need a resource of qualified bankers who understands your business and who have an appetite for your companies service or product. A good banker is a must have if your business is going to thrive. A topic at a peer advisory board is the experience peer board…
What if, Your product or service is impacted by Tariffs? Businesses are changing faster than ever due to Government Regulations, technology, global communications, and distribution, etc. Tariffs are part of that, too. Leaders need to get outside their business to gain insights, opportunities, and awareness of the world around them from other business owners. They…
What If… You lost a major customer? Who can You talk with after you’ve lost a major customer? Will You have to cut Your work force? Will the bank tell You to move Your loan? or What do You do if You lose a key employee due to injury, leaving you or death? Difficult questions,…
