A small business turnaround is a process of reviving a struggling business. It involves creating a plan to identify and address the root causes of the business’s decline and then executing a plan to return the business to profitability. A…
Underserved markets are those segments of the population (business or individual consumers) that existing businesses have not adequately served. These markets can be identified by looking at areas lacking competition or where existing businesses do not offer the products or…
Good leadership is incredibly important for any business, regardless of size. Whether an individual is an owner, executive, director, manager, or supervisor, business success is a by-product of good leadership. Business leadership inspires employees to achieve common goals. Successful leaders…
Financial statements…every business produces them…or should. In most small businesses or SMEs, they are most likely prepared monthly or quarterly and certainly should be prepared more often than only annually. Of course, the more frequently financial statements are prepared, the…
Owners and managers of small businesses like to dream big. Of course, this is good. If they didn’t dream big, they would probably never be in management in the first place. Dreaming by owners and managers, or more realistically what…
January brings all kinds of new thoughts, resolutions, and ideas. It is a fresh start. The slate has been wiped clean, and the canvas is ready to be repainted. For individuals, there are new dreams and aspirations to be achieved.…