How Cyber Attacks Can Damage Your Long-Term Planning
Posted: September 15, 2016
How Cyber Attacks Can Damage Your Long-Term PlanningAs a business owner, the costs of a cyber attack can be immense and long-term. Even the sole task of notifying consumers that their sensitive information has been compromised can be lengthy and expensive. Furthermore, you could become the subject of lawsuits for financial damages, especially if the attack involves spreading messages through your website or social media accounts. Operations could be interrupted as you...
The Importance of Succession Planning
Posted: September 2, 2016
The Importance of Succession PlanningNo one likes to think about what will happen when they are no longer around or able to make important decisions, but if you are a small business owner, then nothing could be more important for the future of your company. Succession planning is the practice of drawing up a plan for what will happen to your business if you pass away, retire, or become...
The Boss is Gone - What’s Next?
Posted: August 15, 2016
The Boss is Gone - What’s Next?Many businesses revolve around the owner and his or her direct participation in the enterprise. Without the boss there – the business will may be unable to function. Businesses that are established by owners with this level of involvement are at risk, but something can be done about it. At some point during the lifecycle of a business, it is time to consider business succession –...
Keeping Your Key People Happy
Posted: August 1, 2016
Keeping Your Key People HappyKeeping your key employees happy involves more than just offering them the right wages and benefits. The need for taking vacation time has been established as an important factor in employee happiness, as well as the smooth operation of your business. When a company has a single employee responsible for certain tasks, it leaves the door open to several serious problems. Errors can drift forward,...
5 Issues Business Owners Need to Worry About
Posted: July 18, 2016
5 Issues Business Owners Need to Worry AboutAs a business owner, you know there are countless challenges you'll have to face throughout the lifecycle of your business. But if you're new to the game or considering expansion, here are some common issues that can keep you up at night: Revenues The primary concerns for business owners are related to profitability and cash flow. Managing cash flow requires a realistic estimate of future sales...