What Small Business Owners Should Be Asking Their Banks Right Now
It’s been a rough year for banks, particularly regional and smaller banks. While we continue to coach our clients that these types of banks are preferred because of the personal relationships they foster, now is an important time to revisit those relationships and ask some tough questions. Note we said, “banks” (plural). We firmly believe […]
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The Rise of AI – And What It Means For Small Business Owners
If you feel like you’re hearing everyone talking about AI (artificial intelligence) lately, you’re right – the conversation about generative AI is rapidly growing, especially with OpenAI’s launch of ChatGPT-4. Some people believe AI will drastically change the world as we know it, whereas others think it’s another passing technological advancement that will fade after […]
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Competitive Benefits Small Business Owners Can Offer Their Employees
After several interviews with a great prospective employee, you may be ready to extend an offer of employment. Job seekers may be excited about the new role, but if the employee benefits are not competitive with other offers, they may decline the job and move on. Small businesses must find the balance between competitive employee […]
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It’s Time to Get Back to Accountability at Work
2022 has been a year of transition. The last two years saw changes in the business world and the workplace from the repercussions of the COVID-19 pandemic. As we finish 2022 and look ahead to 2023, business owners should focus on bringing employee accountability back to the office. Social distancing measures meant many companies sent […]
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The True Cost of Small Business Employee Theft
When discussing employee theft with our clients, we always remind them that it’s not a question of “IF” your business will have an issue but about “WHEN” it will happen. Internal theft is reported to cost businesses around $50 billion annually. The simple fact is that your small business can’t fall into that pool of […]
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How Small Business Owners Can Retain Employees During Inflation
As 2022 winds down to the fourth fiscal quarter, many small business owners tell us they cannot remember when finding and retaining quality employees was so challenging. As 2021 wound down and this year started, it seemed all we were talking about was the Great Resignation and employees jumping ship for the “greener pastures” of […]
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Business Valuation Guide
When was the last time someone asked you how much your business is worth? Have you ever had a business valuation performed? Would you even be able to quantify its value if someone put you on the spot? The truth is that many small business owners don’t know how much their business is worth until […]
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Smart Business Moves: Heading Back to In-Office Work
With the announcement he is requiring all employees back to resume in-office work, Elon Musk weighed in on a polarizing topic now being discussed in boardrooms, headquarters, and small businesses worldwide. The truth of the matter is there is no one-size-fits-all answer for business owners and managers who are facing this predicament. On the one hand, the […]
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Small Business Culture and Success: Making the Connection
The thing about business culture is that it’s so hard to define – there’s no one-size-fits-all approach, and each strategy is as unique as the business it belongs to. It’s challenging for small business owners with a small staff to know where to start building a culture that breeds success. Ultimately, taking that first step […]
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The Real Cost of Hanging on to Toxic Employees
Cost of Hanging on to Toxic Employees. Nearly everyone has worked at a company with a toxic employee (If you haven’t, count yourself lucky). Even businesses that are lauded as being a “Best Place to Work” can run into problems by hiring a bad apple. Toxicity can range from bullying to sexual harassment to workplace […]
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