Small Business Operations

What Should Landlords Do if Renters Can’t Pay Rent in May?

Owning residential properties and renting them to tenants is a business. However, many landlords are currently struggling. Because of the coronavirus pandemic, many states have suspended evictions and tenants are having a hard time paying rent because of layoffs and reduced hours. However, many landlords have mortgages to pay on those properties. So covering expenses …

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How to Work from Home: A Guide to Working Remotely

Many small businesses are now allowing employees to work remotely because of the coronavirus pandemic. Even aside from this recent reality, working from home has been steadily gaining popularity among business owners and employees for years. It’s not all bad, though. About 91 percent of workers actually think they’re more productive when working remotely. So …

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5 Small Business Efficiency Secrets

Small businesses don’t have the luxury of waste. Without huge teams and unlimited budgets, business owners must make every minute, dollar, and hire count. Identifying inefficient processes and replacing them with better practices can help companies save money without sacrificing quality in the bargain. How to Increase Business Efficiency Check out these top tips for …

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What is a Virtual Employee? The Pros and Cons of Hiring Them

Have you ever heard the term “virtual employee” and wondered what exactly it means? Basically, a virtual employee is just like a regular employee who works for your business. However, instead of coming into your office or physical location, they provide services remotely. In most cases, virtual employees aren’t directly employed by your business. You’ll …

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Does Your Small Business Create a Personal Prison or Provide Financial Freedom?

For many small business owners, starting a business is a dream of financial freedom; doing what they love and working when they want. Unfortunately, more often, it becomes a personal prison where they are required to work more hours than any job and serve customers they dislike. On the Small Business Radio Show this week, …

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5 Reasons to Hire Contractors in Other Countries

Thanks to technology that makes it easier to connect with people around the world, national governments are making it easier to hire and work with people in other countries. Programs like Canada’s eTA Application makes it simple for citizens of eTA-eligible countries to visit Canada for business, tourism, or transit, and U.S. domestic business travel …

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4 Alternatives to Pivoting Your Small Business’ Strategy

If your business struggles, you might see it as a sign you should pivot. Jack Dorsey wisely pivoted his podcast platform Odeo. Dorsey’s startup became Twitter — after suffocating in the shadow of iTunes as just another podcast platform. But pivots don’t provide a surefire route to success. Before you tap the brakes and change …

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Anatomy of a Unicorn Business and How to Become One

In the business world, a unicorn is a private company with a valuation of $1 billion or more. It’s a rare and extremely difficult moniker to achieve, and as of August 2019, there’ve only been 379 unicorn companies ever (here’s the list). In fact, experts estimate a new business has just a .00006% chance to achieve unicorn …

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