Goal: Manage Your Human Assets Wisely Make the Most of Your Human Assets In today’s highly competitive world, employee performance matters a great deal. As a result, your employees are either your company’s most powerful asset or its greatest liability. How do you ensure that your employees are the former, not the latter? By…
Many entrepreneurs don’t set specific goals for their business, but studies show that goal setting really does drive higher achievement. According to small business peer board members who’ve embraced this technique, goal setting forces you to focus your energies effectively and develop real, viable action plans. It isn’t hard if you follow their lead. Here’s…
GIVE YOUR BUSINESS A POWER CHECK The key to growing your business is to keep evolving. To do that, you have to step outside your daily business and see where you fit in the big picture. You give your business an unbiased power check. Immersing yourself in new ideas is one way to broaden your …
Goal: Get Your Finances in Order Get on Track with Financial Tracking Your business can’t grow—not to mention survive—unless your finances are healthy and sound. Getting Your Finances in order is crucial. Don’t limit your focus to the top of your profit and loss statement. The true test if your finances are healthy is your…
SWOT Analysis: Learn to Manage with Insight and Vision Conduct a SWOT Analysis Are you familiar with the concept of SWOT analysis? This is a great offensive and defensive study and activity. Large corporations and progressive small businesses (such as PRO, President’s members) use SWOT—an acronym for Strengths, Weaknesses, Opportunities, and Threats—as a strategic planning…
How Small Businesses Can Sleigh the Holiday Season: Practical Tips for Success Ah, the holiday season: a magical time of joy, giving, and … stress for many small business owners. While others are stringing up lights and sipping hot cocoa, you’re likely juggling inventory, marketing campaigns, and employee schedules, all while wondering how to keep…
Holiday Cheer and Financial Growth: How Gratitude Fuels Business Development The holiday season is here—a time for reflection, celebration, and planning for the future. For business owners, it’s also a golden opportunity to ignite financial growth and development. This festive period offers unique chances to connect with customers, boost revenue, and set the stage for…
Building a successful small business is not a solo journey. To thrive, you need the right skills, financial strategies, and guidance from trusted advisors. Whether you’re part of a Small Business Leadership Group or have access to a Peer Advisory Board, leveraging these resources can significantly impact your growth and long-term success. 1. Tap Into…
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…
