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Operations (171)

A Strategy for Small Businesses

Small business owners have a lot in their plates. From trying to find a market for their products or services to attempting to woo a new customer to join their small customer base, being a small business owner is like signing up to be ever busy and aggressive. Because you may find yourself working every day of the week, you may end up mixing things or forgetting important work altogether. Contrary to the misconception by many small business owners that the smaller the organization, the lower they need a strategic plan, your SME requires a strategy regardless of its size. A strategy can help you know what you have done well, what needs more of your attention and whether your daily operations are growing your company. Here are some of the leading reasons why your small business requires a strategy.

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The Struggles Of Small Business Don’t Bode Well For The Overall Economy

The year 2020 can’t end quickly enough for most small business owners. Across the country, the pandemic forced many of them to close their operations temporarily – or permanently – and the continued economic uncertainty threatens to kill the ambitions of entrepreneurs who planned to launch businesses but now must put their dreams on hold.

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Is Home-Based Work Productive? Or Not?

According to Cynthia Spraggs, this recent NPR article isn't about Zoom meetings at all. It is about whether home-based work is productive or not. "There are a lot of spurious statistics from low sample sizes. If employees are fatigued by being on video all day (honestly what a nightmare), you can make this better by reconsidering the webcam," says Spraggs.

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Bulletproof Your Small Business Plan

Business plans are among the most critical components of any business. Unfortunately, although having a business plan is critical, many businesses have plans that are not worth showing to potential funders or printing at all. Most of these poorly thought business plans have some things in common, as shown below:

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Winning The Future: What Businesses Must Do To Prepare For 2021

Businesses bolted into 2020 with firm plans and optimistic outlooks. All that evaporated by mid-March as the focus turned from thriving to surviving for most companies. Now, as this turbulent year enters its final months, a new question lies just over the horizon.

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Recover Your Small Business after COVID-19

The coronavirus pandemic has wrecked many industries across the globe, leaving many companies and individuals struggling to survive. Although almost all businesses, both big and small, have been affected by the pandemic, small ones have encountered the most damage. According to a report filed by the National Federation of Independent Business (NFIB), as early as March 30th, that was early in the crisis, 92% of small businesses had already suffered significantly from the effects of the pandemic. Only 5% of small business owners had not experienced the challenges yet. Nine months into the pandemic, most of the small businesses that had not been affected are now counting losses with others having to shut down completely.

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Remote Working (WFH) is Quickly Becoming a Viable Alternative

Amid the coronavirus pandemic, there is something odd that is taking place. There is a growing disagreement on how the future of the workplace will look like. While some professionals believe that the workplace will still be done in the office, many people are beginning to see otherwise. It is fast emerging that the future of the workplace is remote working. After COVID-19 forced organizations to shut their physical offices and shifted to working from home, it has emerged that remote working is a viable alternative for many companies.

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Six Expert Tips on Mastering Remote Innovation

As we hunker down in our separate home offices, the stakes around innovation are only increasing. Innovation will remain a key differentiator in the market today and tomorrow. And there’s no turning back from the changes the pandemic has brought to the workplace.

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5 Tips To Focus Your Company’s Transformation As COVID Forces Change

While the recession caused by COVID-19 has wreaked havoc on businesses of all sizes and industries, some are finding new ways to run daily operations, reach customers, re-shape their business, and stay relevant. But others are still trying to figure out how to transform, and an expert in the field says that launching a transformation begins with setting the right scope.

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State Of Small Business Report: Layoffs Expected

Alignable's September State Of Small Business Report has just been released. It's based on input from 510,000 small business owners polled since March and 5,500+ just last week. Several troubling trends are revealed, including that small business layoffs are expected over the next month, bringing payroll down from 82% to just 70% of pre-COVID levels. This is the first time since May that a decrease in hiring has been anticipated among our vast network of small business owners.

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