Business Planning

5 Lessons Small Business Owners Should Learn From the Pandemic

If you’re like me, you’re a bit stupefied at how the world has completely changed in a few short weeks. And you dread what it’s going to look like once the threat of coronavirus dies down. So many small businesses have been impacted, and the small business landscape is going to be forever changed. I’ve …

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Will Your Small Business Be Ready If a Recession Hits? 5 Ways to Prepare Now

Headlines are bleak right now. The spread of the coronavirus has people in panic mode, and that is impacting small businesses. It seems entirely possible that we will soon be in the middle of a recession—and yet 44% of small businesses are not prepared for one. Being unprepared can have disastrous consequences, especially for a …

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6 Strategies to Recession-Proof Your Small Business

“The time to recession-proof your business is now. Once the economy starts to downturn, it may be too late to turn the ship and make the changes you need to so your business survives, and even thrives, in a worsening economy,” warns Belinda Rosenblum, CPA, and money strategist for entrepreneurs.  She points out that a …

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Are You Focusing on the Right Key Metrics to Scale Your Startup?

By Kash Mathur Success in the startup space is no small undertaking. You’re trying to validate your product and simultaneously trying to develop a customer base, secure funds, establish a sustainable business model, and find the right people to bring on board. All that and figuring out how to scale, too! With your attention so …

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The Year Ahead for Small Business, Part 2: More Expert Predictions on New Trends and Opportunities We’ll See This Year

Last week we took a look at what several business experts, entrepreneurs, and business thought leaders predicted was going to unfold for small business owners in 2020. Now, in part 2, I want to share additional predictions about advertising, marketing, workplace issues, retail, and more. If you missed part 1, be sure to read The Year …

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The Year Ahead for Small Business: Experts Weigh In on What Small Biz Owners Should Expect

What lies ahead for small business owners and entrepreneurs? Many people I’ve talked to feel like they are living in a Dickens novel. It’s the best of times: “The economy is going strong, driven by consumer spending,” says Sharon Miller, managing director, head of small business for Bank of America. She says according to bank …

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Prepare Your Business for a Successful Year Ahead with an Annual Goals Meeting

This is the time of year for both reflecting on the past and planning for the future. As the calendar year winds down, many small business owners use this relatively slow time of year to set goals for the year ahead with an annual goals meeting.  Coming up with budgets, forecasts, and goals for an …

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Manage Cash Flow and Increase Profitability in 8 Easy Steps

By Jake Eisenberg Running a business without a proper cash flow system in place is like driving a car with a blindfold on: you know where you want to go, but you don’t have any idea how to get there. Likewise, you want to grow your business, but it won’t be possible if you don’t …

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How to Better Manage and Improve Your Business’s Cash Flow

By Eden Amirav Poor cash flow management is the number one reason small businesses fail, causing 82% of business failures, according to a U.S. Bank study. How can you as a small business owner or manager mitigate this risk? How can you improve your company’s cash flow? First of all, you need to understand exactly …

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Small Business Optimism Is Growing—Here’s How Your Business Can Contribute | Company Profile

The future of small business, even with concerns about a recession, remains bright for entrepreneurs. In Capital One’s latest Small Business Growth Index (Fall 2019), 64% of business owners surveyed say that their current business conditions are good or excellent. Additionally, compared to six months ago, small business optimism increased five percentage points, and recession …

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Job Costing 101: Learn How to Set the Right Price for Your Business Services | Company Profile

Job costing is key to profitability for many small businesses. Are you doing it right? For companies that provide long-term projects to clients—such as landscaping, construction companies or consulting firms—determining how profitable a project will be is key to the success of your business. Job costing—that is, tracking all of the costs related to a …

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