Wage Compression Challenges For Business Owners
Lately, it seems like business owners are facing wave after wave of problems that stand in the way of post-pandemic recovery, with the newest obstacle being wage compression. That’s when you have to raise starting salaries to find new workers and the new people start making as much (or more) as your longtime staff. Why […]
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Disadvantages and Challenges of Remote Work
Remote work has been a topic of conversation in boardrooms for some time now, but that conversation accelerated in the past year. Businesses of all sizes were forced to go fully remote or adopt a hybrid workforce strategy to keep employees safe amid the pandemic, and while this was a necessary move, it may not […]
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Email Marketing: How to Grow Your Email List
Despite what you may have heard, email marketing remains a crucial tool in the marketing toolbox — especially for local businesses and eCommerce brands. In fact, research shows that the ROI for email marketing is $42 for every dollar a business spends. Email marketing is not only a great way to engage an audience with […]
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Overcoming Post-Pandemic Recovery Challenges
It seems that we are seeing the light at the end of the tunnel with regards to the current COVID-19 pandemic, which has organizations of all sizes building resiliency and future-proofing their processes. However, while many remain positive that growth is coming, small businesses are still struggling with challenges that stand in the way of […]
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The Benefits of a Peer Advisory Board
While there are plenty of rewarding aspects that come with owning a business, it can also come with challenges that only other entrepreneurs are familiar with. A peer advisory board offers a way for business owners to connect with each other, share challenges, and brainstorm solutions for personal and professional growth. Support Isn’t One-Size-Fits-All You […]
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Watching Out for Small Business Scams
Our clients tell us one of the most powerful benefits of formally meeting regularly with a group of other business owners is getting insights from experts in fields outside of their own. For over 15 years, peer group member Fred Moore, President of Moore Computing, has been helping his peers tackle complicated IT challenges like […]
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Do You Need a Business Coach?
The past year has been a struggle for many businesses of all sizes and across all industries, and the events of 2020 have been unprecedented for owners and leaders who thought they had already been through it all. Many are questioning what’s ahead and struggling to pivot with the future of the economy so uncertain. […]
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Developing and Executing Your Succession Plan and Exit Strategy
The Richard Greene Company was established in 1958 as a manufacturer’s representative selling timers and sensing products, before transitioning into the distribution of industrial control products in the 1970s. In 1978, the founder’s son (and namesake) Rich Greene joined the organization before becoming the owner in the mid-1990s and built thriving relationships with both clients […]
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The Cost of Ransomware Attacks to Businesses
As technology innovates, more small businesses are leveraging tools and software that help with processes. Unfortunately, it’s these same investments that are leaving organizations of all sizes open to bad actors. The truth is that cybercriminals will always manage to find a back door and make it their job to be one step ahead of […]
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A Guide to Geofencing Marketing
If you’ve ever driven past your favorite coffee shop and received a discount notification on your phone or received a coupon for a store as you’ve walked by, you experienced geofencing marketing. Geofencing technology has been around for some time. It’s location-based technology that uses GPS or RFID technology to create a digital fence around […]
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