To survive, a business must adapt to the changes they are able to see coming – and try to best prepare for ones they can’t. Oftentimes throughout American history, the volatility of business operating margins has left decision-makers in the awkward position of developing strategies that leave significant maneuvering room open for the unknown. Still, it's possible (and all…
Company Management
Our Coaches pride themselves in being completely knowledgeable in regards to bringing you the latest and greatest in business growth options. We also take great pride in providing you with updates, news of interest, and tips to help you continue taking the wheel of your business and its success.
From handling workplace situations and team building to marketing and social media, you can find the answers you’re looking for to better your business and increase your knowledge base. We are always keeping an eye out for news, tools, and resources, so be sure to check-in frequently.
Top 3 Small Business Advantages and Disadvantages
Posted on February 23, 2023
Small businesses are a fundamental part of the economic landscape with immense contributions to goods and services delivery, job creation, and a catalyst for driving innovation. While small businesses may often have the agility and personal touch that can give them an edge in the market, they also face limitations that make it difficult to compete with big businesses.…
How Does Macroeconomic Inflation Affect Our Businesses?
Posted on February 15, 2023
Macroeconomic inflation is an increase in the overall level of prices in an economy. But microeconomic inflation specifically refers to the impact of inflation on individual businesses and consumers. Some of the effects of macro and microeconomic inflation on our businesses include the following:
Increased Production Costs
In macroeconomic inflation, the prices of inputs such as raw materials and labor increase,…
Explaining Why a Job Was Eliminated Due to Restructuring
Posted on February 10, 2023
A job eliminated due to restructuring means that the company or organization is making changes to its internal structure or operations to improve efficiency, reduce costs, or realign its focus. While it can be difficult to explain to an employee that their job has been eliminated, it's important to be honest, and transparent about the reasons behind the decision…
How Does Inflation Affect a Small Business?
Posted on January 31, 2023
Inflation is an external threat to businesses. As the prices continue rising worldwide, small businesses are finding it increasingly difficult to purchase goods and services, especially those engaging in cross-border trade. They are under the pressure of either raising the prices and potentially losing sales, making drastic cost-cutting choices, or taking loans to cover the additional expenses to stay…
How to Keep the Books for a Small Business
Posted on January 16, 2023
​​Bookkeeping in small businesses involves setting up a framework and choosing methods to keep track of contemporary activities within it. Small business owners need to remain focused on their personal hourly rate, and as quickly as the business can afford, it should be handing over the bookkeeping work. Simply stated, when your hourly rate is greater than the rate…
Best Small Business Finance Management Strategies
Posted on December 15, 2022
Starting a small business can be both extremely difficult, and reassuringly rewarding. But managing what many consider to be the financial minutia, such as the capital, assets, losses, debts, and liabilities can be draining. You can have superior knowledge in your industry or a strategic or competitive advantage, but if accounting isn’t your strong suit, you could be accidentally…
Top 10 Small Business Management Tips
Posted on December 02, 2022
Managing a small business is one of the most underrated things out there. Even the highest level of commitment doesn't guarantee success, and keeping up with the ever-changing consumer demands and market dynamics is no easy feat. While there's no rule of thumb on making a business successful, these small business management tips could be what you need to…
Why Office Space Management is So Important for Your Small Business
Posted on November 29, 2022
Imagine not having enough space to fit the essential requirements in your organization to the point where you can't even accommodate new employees. Or having excess space not being utilized, especially now when workplaces are adopting a hybrid work environment. How counterproductive would that be for your business? This is the reality most small businesses today are grappling with…
Company Management: Keys to Success
Posted on November 22, 2022
Learning how to best go about implementing company management strategies and standard operating procedures is no easy task. Businesses rely heavily on data. So it is a science, but it is also an art form. Doing everything right still isn’t guaranteed to lead to success. You can be a great leader, yet not a great manager, and the other…
