Operations (137)

How Networking Can Have the Greatest Impact on Your Business – And Actually Be Enjoyable (Yes, Enjoyable)

networkingWhile the concept of networking has been around a very long time the process is changing. Executives can select from a variety of activities and organizations based on which are the best fit personally and professionally. As they realize greater ROI, companies are investing more and more in executive networking opportunities. Read more...

When to Consider Franchising Your Business

franchisingThe time has approached.  You have overcome the once incomprehensible goal of stabilizing your core business and understanding the ebbs and flows of your business model, now you are considering expansion ideas.  It could be compared to a long hike up a steep mountain and now you have reached the precipice and are looking at a divide in the mountain range where you need to choose a path to take your business.  Franchise expansion is one option for business growth, but how would you know when to take franchise expansion seriously?  Read more...

How to ensure your business has the right insurance

business insurance 101 521x308As a child, this writer asked her parents to purchase life insurance for her. Why? Because I mistakenly believed that having life insurance meant I was ensuring I would live forever (imagine my dismay when they answered “no).  Knowing that insurance won’t prevent tragedies or inconveniences but can soften the blow if they occur can be comforting. However, as a small business owner, it can be difficult to decide what kind of insurance would be the wisest investment. Read more...

Business and Running – What Principals Apply

running businessI was a competitive distance runner for about 15 years. In all those years of racing, one day stands above the others.  It was May 1984, and I was beginning to understand how the specifics of my training translated into race results. On this particular day with clear air and cool temperatures, I had chosen a race with just the right competition. Read more...

Preparation Key to Avoiding Failure

According to CNBC, small businesses have a high rate of failure, but that can be avoided by preparing prior to opening your business. First, it is important to work with an accountant to make sure there are no nasty surprises come tax time. Other steps include having liquidity, and a funding source in place. Read more...

Reducing Employee Theft

employee thef 022111Not everyone is dishonest, most folks are far from it, but some people do steal, and no business owner has the time to monitor everything all the time.  If, however, your employees know that you could monitor any area of the business,  and if they perceive that you are keeping an eye on them and that they could be caught at any time, they less likely to try something.  Sometimes doing just enough to give the impression you are watching everything is all that is needed.

How to choose the right legal entity for your business

Why Incorporate ThumbWhether your business endeavor is in its infancy or it’s been around for a while, attorney Josh Hollingsworth says it’s wise to know which legal entity is right for your company. According to Hollingsworth, a partner with the Indianapolis office of Barnes & Thornburg, while there are numerous benefits to formalizing one’s business endeavor, incorporating is not imperative for everyone. However, he says, it is wise for most. Read more...

5 Ways to Deal with Startup Setbacks

setbackAs you build your startup you are bound to experience peaks and valleys, as every small business does. What separates successful businesses from those less likely to succeed is their ability to overcome adversity, and learn from their mistakes in order to reach the top of the mountain. Read more...

Your business needs an operating plan. Now.

Got a PlanAccording to Steve Smith, President and Founder of GrowthSource Coaching, a California company that educates business owners and other professionals about improving their companies, an operating plan is a “day to day map how to run a business.” An operating plan details the guidelines of how a company owner manages the day-to-day minutiae of running their enterprise. Read more...

Tips to get your business’s shipping into tip-top shape

shippingThere’s more to choosing a shipping option for your business’s precious cargo than merely going with the least expensive option, says Tarik Yousef, founder and proprietor of T.Y. Fine Furniture in Columbus, Ohio. “When you choose a shipper, you want to choose someone who will represent you well,” says Yousef, whose company sells custom-made wooden furniture such as headboards and tables as well as organic mattresses and sofas. Read more...

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