Tag: business tips

Outsource; More Bang for Your Buck

Outsource What You Don’t Know As a small business owner, you want the best people managing the necessary tasks for your business. Because technology has advanced, enabling jobs to be completed from anywhere, outsourcing private contractors can be more practicable and cost saving than hiring regular employees. During the 2007-09 economic downturn, thousands of professionals… Read more »

How Belonging to a Trade Organization Adds Value with Benchmarks

  The Beauty of Benchmarks If you are in a business that has a strong trade organization that provides industry benchmarks, it is certainly worth joining.  If the trade organizations are national, in many cases they will be structured so that they will only have one member in each competing market.  That way you can… Read more »

Do You Rely Too Heavily on a Few Customers?

  Be Prepared for the Unexpected  One danger that many small businesses flirt with, is the over-reliance on one or two large customers.  Especially if those customers are currently sending enough business to keep things busy.  The obvious risk is that the customer might suddenly disappear.  As unlikely as it may seem at the time,… Read more »

Disaster Recovery Plans. Worth the Time and Money? Yes!

In the wake of the destructive hurricanes that have hit the United States recently, I thought an appropriate topic this month would be disaster recovery.  It’s not normally in the nature of an entrepreneur to be a pessimist, but to protect your business you must at some point imagine what a worst-case scenario looks like.… Read more »