On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was singed into law by President Trump. The new CARES Act includes funding for small businesses by way of loans that may be converted to grants if certain conditions …
Business Issues
Cash Flow Concepts That Can Save Your Business
A sad and oft-repeated truth is that half of all new businesses fail within the first five years. Although many factors contribute to business failure, a common culprit is poor cash management i.e. cash flow. All businesses, large and small, must …
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Basic Customer Retention Questions You Need to Answer
Your business’s ability to retain customers is one of the most important components to sustain growth and profitability. Here are the three retention questions every business owner should be able to answer: What percentage of your customers return …
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Make Setting Salaries Easier With These 5 Steps
Whether you are hiring for the first time, filling an open position, or conducting annual performance reviews, finding a salary range that attracts and retains valued employees can be a difficult task. Here are some suggestions to help make the …
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Elements of a Strategic Plan
Roughly 90% of all businesses lack a strategic plan. Yet running your business with intention ensures you get from point A to point B the most efficiently. One of the best ways to set your intentions for your business is with a Strategic Plan. If you …