Entrepreneurs are creative, big thinkers who look at the wider picture and long-term goals. However, when you manage a business, it’s also vital to consider details, including ways to limit risks. It may not be the sexiest topic of all, but reducing business risk is crucial if you want to maximize profits and have your […]
3 Smart Financial Decisions for Fledgling Entrepreneurs
As any experienced entrepreneur can attest, the first year represents a make-or-break period for most small businesses. A fledgling enterprise’s ability – or inability – to balance its finances is often the determinant factor in whether it’s able to keep its doors open after the one-year mark. That being the case, meticulous money management should […]
Here’s What You Need to Know About Strategic Sourcing
Strategic sourcing is a procurement process that allows businesses to create value while saving money. It can really give your company a competitive advantage by letting you find ways to save throughout the entire supply chain. Strategic sourcing can also help you reduce risks, since it can help supply chain managers identify financial, supply, quality, […]
Freight Companies Find Ingenious Ways to Survive Covid-19 Crisis
There’s no denying that the growing threat of COVID-19 has had an adverse effect on a number of industries. Although freighting is among the industries to feel the sting, it’s managed to fare better than many other enterprises. Since grocery chains, gas stations, healthcare facilities and other essential institutions depend on the freighting industry to […]
4 Ways Digital Technology Helps Small Businesses Maximize Bookings
Digital marketing appears to be a double-edged sword for many businesses. It has a much higher ROI than traditional marketing strategies, which should mean that businesses are celebrating it. Unfortunately, 76% of businesses struggle with marketing and cite changes in digital technology as a main cause. Although the benefits of digital technology are clear to […]
4 Awesome Holiday Link-Building Tips to Grow Your Business’s Search Traffic
The winter holidays are just around the corner, which means most people—consumers and businesses alike—are beginning to think about the best ways to show they care. For many, presents to loved ones are high on that list, as is participating in volunteerism and charity, but for organizations, there is one way to give that doesn’t […]
Fix Problems with Timesheet Errors with a Few Simple Apps
I remember starting my first business. I quickly discovered how much the average business owner has on their plates. It can be easy to lose track of the importance of things like employee time tracking. Unfortunately, the consequences of overlooking timesheet mistakes can be incredibly expensive. In 2015, Harvard Business Review published an article on […]
4 Top Tips to Economically Fund a New Small Business
Before 2008, small businesses could easily secure funding. Everything changed once the Great Recession took hold. The days of easy funding ended in a matter of weeks. Banks experienced the worst credit crunch in over 70 years, which took its toll on many aspiring companies. The economic reality for small businesses gradually improved in the […]
Exploring the Ethical Dilemmas of Corporate Gift Giving
During the last holiday season, The Ladders published an article citing research on the motivational benefits of gift giving in the workplace. A survey by the Advertising Specialty Institute showed that 42% of employers gave gifts to their employees. When you are looking for ways to motivate your staff, you should show appreciation and reward […]
Simple Ways to Get Customers to Think of Your Brand Every Day
One of the most difficult parts of growing a business is creating a strong, sustainable brand image. Too many businesses believe that they can earn customer loyalty with a single ad, even if the customer has never heard of them before. Unfortunately, converting potential customers is going to be a larger investment of your time […]
