Operations (320)
Your Next Small Business Opportunity Could be One of These 5 Ideas
- Monday, 12 April 2021
- Operations
- Written by Scott Koegler
With so many opportunities out there, it is always hard to settle on the best idea to invest in as an entrepreneur. It can be challenging to figure out where to put your money and an investment worth pursuing. Although jumping on a new trend can be risky in many instances, it can also be rewarding if you focus on what you love. The best business ideas are those born at the intersection of strategic thinking, passion and right timing. Your next small business opportunity could be one of these five ideas:
Read more...Not All Small Businesses Are Optimistic About Rebounding from COVID
- Monday, 05 April 2021
- Operations
- Written by Scott Koegler
The coronavirus pandemic has wreaked havoc on almost every industry and business, both small and large. While large enterprises have been affected, small ones have suffered the most from the pandemic. All over the world, many small and medium-sized companies were forced to stop their operations, with most of them having to realign to stand a chance of surviving the harsh times. Despite the loans and other packages that the government and other institutions have released, a Wells Fargo survey indicates that small business owners continue to face many financial challenges due to the global pandemic.
Read more...Is Your Business Recovery Plan as Good as This One?
- Monday, 29 March 2021
- Operations
- Written by Scott Koegler
The COVID-19 has wreaked havoc on many businesses globally, both small and large. The majority of small businesses have been left struggling to stay operational, while many others have shut down altogether. The impact of the coronavirus pandemic has led to high health costs, reduced consumer spending, and disruption of the supply chain, all of which have affected businesses adversely. Although the short-term outlook for businesses varies significantly from one industry to another, it is crucial to consider the recovery mode and what your business will look like once things return to normal. Here are things that small businesses need to recover and thrive in 2021.
Read more...Workers Who Won’t Get Vaccinated? Leaders Can’t Let Them Disrupt Business
- Monday, 29 March 2021
- Operations
- Written by Rod Robertson
COVID-19 has kept most employees out of the office for a year. Vaccines, however, will make it safe to bring them back, and in the process help restore our economy. But the big question is, what about the employees who will decide not to get vaccinated for personal reasons? How should employers walk that slippery slope?
Read more...Prep Your Business Continuity Plan Before You Need It
- Monday, 08 February 2021
- Operations
- Written by Scott Koegler
If there is anything 2020 has taught us, perhaps emergency preparedness is the biggest lesson ever. The coronavirus pandemic has taught us the importance of having emergency preparedness and the need to have a plan that will keep the business running during and after a crisis. Emergency preparedness is not a one-day affair. It is a process that does not just involve a single drill once a year but entails planning how a business will run, before, during, and after a crisis. The process begins with identifying possible business threats or disruptors and developing plans to counter them. Here are some common business disruptors to watch:
Read more...Are You Ready for These Changes in 2021?
- Thursday, 10 December 2020
- Operations
- Written by Scott Koegler
The year 2020 has been a tough year that either made businesses stronger or broke those that lacked resilience. While this year has been full of disruption and transition for many organizations, 2021 will indeed be a year of evolution. As the pandemic slows down and vaccines continue being found, we should expect better things from now on. To help you prepare for the new year, here are some of what you should expect:
Read more...Incorporate These Strategies as You Rebuild Your Small Business
- Monday, 30 November 2020
- Operations
- Written by Scott Koegler
Starting and running a successful small business is not easy. You are always faced with countless challenges, some of which can completely destroy your operations. With almost any business taking a hit in 2020, running a business seems even more difficult these days than ever before. As we head to 2021, don’t let your plans be ruined by the challenges you faced this year. While there will be new challenges, there will also be more opportunities you can capitalize. Here are some strategies you can use to rebuild your small business:
Read more...Get Your Small Business Ready for Year-End 2020
- Monday, 09 November 2020
- Operations
- Written by Scott Koegler
The end of the year is here finally, and businesses are doing all they can to make to most out of the festive season. Although it is tough making sure that you have covered all the bases correctly, year-end should not be a stressful time. In fact, year-end should be a perfect time for you to reorganize and plan for the next year. The truth is that it can sometimes be challenging. However, as long as you plan ahead and get your organization ready, things can be different, and you may find this season interesting. We have put together some tips that might help you prepare for the year-end with ease.
Read more...A Strategy for Small Businesses
- Monday, 26 October 2020
- Operations
- Written by Scott Koegler
Small business owners have a lot in their plates. From trying to find a market for their products or services to attempting to woo a new customer to join their small customer base, being a small business owner is like signing up to be ever busy and aggressive. Because you may find yourself working every day of the week, you may end up mixing things or forgetting important work altogether. Contrary to the misconception by many small business owners that the smaller the organization, the lower they need a strategic plan, your SME requires a strategy regardless of its size. A strategy can help you know what you have done well, what needs more of your attention and whether your daily operations are growing your company. Here are some of the leading reasons why your small business requires a strategy.
Read more...Bulletproof Your Small Business Plan
- Monday, 12 October 2020
- Operations
- Written by Scott Koegler
Business plans are among the most critical components of any business. Unfortunately, although having a business plan is critical, many businesses have plans that are not worth showing to potential funders or printing at all. Most of these poorly thought business plans have some things in common, as shown below:
Read more...
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