A strong team in any business environment doesn’t magically appear. It is fundamental to the development of a strong team that a solid plan is in place to help that team succeed. There are numerous strategies you can employ to help this happen. Consider the following suggestions for your next team development, whether it be starting a new business venture or beginning the newest phase of a project.Continue Reading
Archive for February, 2019
By Ann Connor
There are not enough hours in a day; I wish the day had 25 hours; I’m running out of time. How many times have you caught yourself stating these phrases? This feeling of not being able to manage time inevitably causes stress, which results in even more time loss. So here’s a list of commonly mistakes that probably can save you lots of headaches.Continue Reading
- Increase sales (particularly those involving cash payments).
- Increase prices especially to slow payers.
- Review the payment performances of customers with sales force.
- Become more selective when granting credit.
- Seek deposits or multiple stage payments.
- Reduce the amount/time of credit given to customers.
We often hear how starting a new business is stressful, demanding, time consuming and may take years off your life if you are not going about it the right way. We hear of studies that have stated 90% of businesses fail within the first five years of life, but fortunately, the Small Business Administration tells a different and more encouraging story. According to the SBA, “about two-thirds, or 66% last past the first two years, leaving only a third of businesses that fail within these two years. Extended to four years, the number of surviving businesses decreases to only 44%, meaning that about 56% of businesses fail at the five-year mark”, a far cry from the 90% previously claimed.Continue Reading