Category Small Business

Plan for an Unpredictable Future

woman in gray turtleneck long sleeve shirt

In today’s global world, where economic shifts are happening at warp speed and consumer behavior can change overnight, small businesses face an enormous challenge: planning for an unpredictable future. Unlike large corporations with buffers of capital and teams of analysts…

How an Advisory Board Can Help a Small Business Grow

Board of Advisors

Operating a small business is both gratifying and challenging, to say the least. Businesses are limited by cash, competition, changing markets, new industry developments, etc. A successful yet frequently overlooked strategy to help small businesses conquer these difficulties and attain…

Management Concerns of a Small Business

a sign on the side of a building that says growing concerns

The challenges of operating a small business are more complex and dynamic than ever, shaped by global economic trends, technological changes, and ever-changing customer expectations. The top concerns that most small businesses contend with in the current business climate are:…

Crisis Management: Be Ready for Anything

red Emergency Pull lever

In the current business climate, small businesses may encounter many potential crises, ranging from supply chain disruptions and financial slowdowns to natural disasters and cyberattacks. Without a crisis management plan, such events can negatively affect operations, reputation, and finances. The…

How to Build a Resilient Business

Resilience is a hallmark of successful businesses. They emerge stronger, more agile, and better prepared for future challenges. Businesses must have a strategy to overcome these challenging situations in an environment marked by shifting global markets, economic cycles, and unexpected…

How to Balance Expansion with Risk Management

close view of brown wooden shed

Small businesses all want growth, which equates to long-term sustainability and success. Scaling up a business, however, requires some type of strategic plan; otherwise, the business could encounter operational inefficiencies, financial problems, and, worst-case scenario, even a failed business. Therefore,…