Small Business

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Your Small Business Summer To-Do List

By | July 31st, 2017|Categories: Small Business|Tags: |

It's not unusual for a small business to be a bit slower during the summer months than during the rest of the year. What is unusual is for small business owners to take advantage of this downtime appropriately. Instead of considering this your own personal vacation, use the reduction in business to run a sort of [...]

Managing Mental Health as a Small Business Owner

By | July 21st, 2017|Categories: Small Business|

Mental health carries a stigma, and many people deal with their issues on their own. As a small business owner, it can be important to help employees deal with their mental health issues, but it can be tough to know how. It may be even more important to be sure you are dealing with your own [...]

Challenges for Small Business Owners

By | July 17th, 2017|Categories: Small Business|

People who start their own small businesses face immense challenges every day. Running a company, whether it's a company of one or 100, can be overwhelming. Knowing where to focus your energy can be difficult. It's no surprise to many that small businesses often fail within their first five years of operations. When start-up owners know [...]

3 Reasons Small Businesses Fail

By | July 13th, 2017|Categories: Small Business|

It's not uncommon for a small business to fail. In fact, it has been shown that only two-thirds of new small businesses make it for two years. At the end of five years, there is only a 50 percent survival rate. One out of three small businesses will still be operating after 10 years. But why? [...]

Are You Making These Common Business Mistakes?

By | May 25th, 2017|Categories: Small Business|Tags: |

If you’ve just started your small business, there’s a good chance it’s your first one. You may have talked to other small business owners, consulted with your family and maybe even gotten the advice of a fortune teller, but at the end of the day, it is up to you to make sure your company is [...]

The Struggles Almost All Small Business Owners Face

By | May 14th, 2017|Categories: Small Business|

From their inception, most small businesses struggle. They are likely in a highly competitive industry, trying to take some of the marketshare away from titans. Some succeed through innovation and sheer willpower. However, many also crumble due to lack of revenue and other universal struggles. Here are the top 5 most common struggles for small business [...]

Why Small Businesses Start to Stagnate

By | May 6th, 2017|Categories: Small Business|

You’ve started your business. The location is great, and you’re finally turning a profit. But, that’s all you’re doing.  There’s no expansion, no increase in revenue. In short, you’ve plateaued. There are any number of reasons why this may happen to your business. Luckily, nearly every reason can be overcome with a change in mindset and [...]

The 6 Most Profitable Types of Small Businesses

By | May 4th, 2017|Categories: Small Business|

If you are one of the millions of Americans who has always dreamed about owning a small business, but aren’t sure what kind, read on. There are any number of types of small businesses you could start and find success with. In fact, the most common types of small businesses include: 1. Services 2. Restaurants 3. [...]

5 Things to Know Before Starting Your Business

By | April 8th, 2017|Categories: Small Business|Tags: |

Starting your own small business is one of the most exciting --- and challenging --- things you can do. Before you can even start your business, though, there are a few things you need to be aware of. Just having an idea, some capital and a location likely won’t cut it.  Here are 5 things you [...]

Lessons from the Dugout: The Team Is Greater Than the Sum of Its Players

By | May 17th, 2016|Categories: Small Business|Tags: , |

Previous articles in this series have focused on the importance of listening to management and of waiting for the right opportunities to present themselves. In today’s post, I want to explain why building a winning team is far more complicated than merely signing a collection of great players. Lesson 3: The Team Is Greater Than the [...]