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 […]
Strategy
To forecast problems before they surface, seek the power of your team
The day-to-day demands can be so overwhelming and time consuming that most small business owners are thankful to have overcome their challenges of the hour – never mind the ones that are coming around the corner. So it’s not surprising that forecasting industry changes and problems for your company before […]
Federal contracting: Getting your foot in the door
If you are a small business that has determined federal contracting may be right for you and you have identified some potential contracts to pursue, you need put your best foot forward to get in the door. By now we hope you have read our two previous posts about […]
How to find federal government contracting opportunities
While small businesses may have been spooked by the recent government shutdown, you should know that the federal government is the largest buyer in the U.S., spending billions of dollars annually on products and services in construction, R&D, manufacturing, logistics, IT and other industries. Federal agencies also have prime […]
Acquiring customers too fast could be hazardous to your business
It’s easy to get caught up in the thinking that acquiring lots and lots of customers is the fast pass to success, but many small businesses and startups try to do that too quickly and that may be a mistake. Even fast-growing technology companies like Amazon, Airbnb and Uber acquired […]
Business owners, this blog is for you. Tell us about your growth pain points so we can help.
What are your biggest challenges as a growth-stage entrepreneur? Or if you are just getting started with your business, how can you build a foundation now for high growth when the venture is ready? Maybe your small business had been growing as projected but now it has stagnated. What can […]
A strategic growth plan is not that thing you look at once a year. Here’s how to get started.
Goals, goals, goals – we all have them, but did your company hit them last year? How about for the first quarter of 2019? What are your growth goals for Q2 for all of your function areas and does everyone in your company know what they are? If your company […]
Why Seeking Venture Capital is (Mostly) a Waste of Time
If your business is a startup seeking venture capital, your prospects are dim. Instead, you should focus on trying to grow the business without VC funding, says Dileep Rao, part of the faculty at Florida International University College of Business and author of Nothing Ventured, Everything Gained. The erroneous perception […]
If you really know your customer, your differentiation strategy comes into focus
Know your customer. We’ve heard that so much our head spins. But the truth is many entrepreneurs think they know their customers — and they really don’t. That can lead to weak product development and weak differentiation – two of the most common challenges seen by the consultants at Florida […]
Your business isn’t growing as much as you expected. What’s the real problem?
Your business isn’t growing or at least not at the rate you expected. What’s the problem? “If sales are not growing, the business is not making money, or the company doesn’t have enough cash – those are three red flags when things are not working,” said Ricardo Newark, a consultant […]
