Business is booming and sales orders and inquiries are rapidly coming in but the selling terms are variable and negotiable in order to get the most business. Conversely, the economy is not so good and you’re doing everything you can…
Although many small businesses can be quite large as defined by the number of employees (usually 500 or less in the U.S.) or by a combination of employees and gross sales in other countries, they may still be owned and…
When a business experiences a consistent downturn in revenue or just plateaus with limited growth, there can be a number of contributing factors. As examples, a global pandemic, new competition, loss of major customers, weak management, turnover of key employees,…
It is inevitable that mistakes are going to happen in any business. When they do happen, various actions will take place from that point on. • Nothing changes and, therefore, the same mistake can and, probably, will happen again.• Someone…
Endless energy, continuous ideas, a multitude of opportunities…all descriptions that might be vivid images of the owner or manager of a small business. One item that is usually missing in such a description is an overabundance of time. This resource…
Whether business is increasing, decreasing, or remaining stable, it can always be better. If you’re the owner, maybe you’re doing everything right…marketing to your exact target market, analyzing the competition, motivating employees, evaluating decisions, or constantly reviewing vendors. There just…