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When it comes to boosting efficiencies in your small business, one key approach is to thoroughly examine your operations. Mapping out your entire process, from start to finish, including all customer interactions in between, can shed light on what's …
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[Read more] about Enhancing Efficiency in Small Business: A Step-by-Step Guide
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of …
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[Read more] about Paycheck Protection Program – 2nd Round of Relief
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 …
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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[Read more] about Cash Flow Concepts That Can Save Your Business
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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[Read more] about Basic Customer Retention Questions You Need to Answer
