Small business owners, what keeps you up at night? If it is finding workers or managing your debt, you’re not alone. Finding qualified workers to fill open positions continues to be the top worry of Florida’s small business, according to a Florida Chamber of Commerce’s Third Quarter Small Business Index […]
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Growth slows as a family business get passed through the generations, but does it have to?
Growth progressively slows down at family-owned businesses after the founder steps down. If you are the 2nd or 3rd generation of a family business, how can you reverse that reality? In a 2018 study, PwC found that in the first generation of a family business, 42% of family businesses have […]
Cybersecurity threats are all around us, but there’s help for small businesses
This week, U.S. Sen. Marco Rubio (R-FL), chairman of the Senate Committee on Small Business and Entrepreneurship, and Sen. Gary Peters (D-MI) introduced The Small Business Cybersecurity Assistance Act of 2019, which aims to better educate small businesses on cybersecurity through counselors and resources offered at Small Business Development Centers. […]
Who is franchising out there and how are they doing? New survey sheds some light
Who is franchising? The majority of franchise business owners are over 50 years old, but millennials are beginning to show interest. That’s according to findings of a new national survey. “Baby boomers still represent a majority of people we encounter pursuing franchise opportunities,” said David Nilssen, CEO of small business […]
9 things any small business can learn from Zappos
Born in an era of e-commerce infancy, Zappos turned 20 this year. “People thought we could never sell shoes online. We proved them wrong. And people said it’s crazy to think customer service could be a brand. We proved them wrong on that aspect as well,” says Ryo Hanalei Zsun, […]
Chaos reigns – but does it always have to?
Chaotic periods can destabilize a small business, and sometimes it doesn’t take much. Some of it is just part of the company’s growing pains. Isn’t this a familiar scenario? Your sales are coming in fast and furiously but you don’t have the staff to handle it. Perhaps your sales cycle […]
Small businesses foresee revenue growth, plan to expand, new report shows
South Florida small businesses, you are an optimistic bunch about your own businesses. In fact, your outlooks are much sunnier than businesses in other states. Local small businesses projected one of the strongest business outlooks nationwide this spring, according to the recently released spring 2019 Bank of America Business Advantage […]
In the wild wild west of cyber attacks, ‘security is everybody’s job’
Think your business is too small to be target of the cyber bad guys? Think again. According to the Verizon 2019 Data Breach Investigations Report released this month, 43% of cyber attacks in 2018 targeted small businesses. That’s pretty high odds. Just over half of the breaches resulted from hacking. Other […]
The pros and cons of franchising: Is it right for you?
Franchised businesses in the United States number nearly 1 million and together generate 15% of private sector jobs and 12.5% of private sector payrolls. Clearly franchise businesses are a force in the economy, but is owning a franchise right for you? GrowBiz talked to George Ray, a consultant with Florida […]
Unclear values can lead to confusion, lack of accountability, silos
Do you think every one of your employees knows the values of your small business? They can be so valuable because they can guide all core aspects of your company, including hiring methods, performance management, criteria for promotions, and even firing policies. Even more, core values can form the basis […]