Helping Businesses Grow & Succeed
Succession planning isn’t just for family businesses and large corporations. Many small business owners don’t plan for what will happen to their companies during a prolonged illness or after their deaths. Unforeseen circumstances could put their businesses at risk of shutting down. I’ve seen it happen, unfortunately. The young owner […]
GrowBiz host’s note: From time to time, we share guest posts. This one gathers advice and strategies from Small Business Development Centers around the nation and has takeaways for your growing small business, no matter what stage it is in. By Gerri Detweiler When you’re serious about growing your small […]
Is franchising your business model the key to unlocking more revenue for your company? It certainly can be a profitable growth strategy — if you are ready for it. “The obvious benefit is you accelerate the pace you can expand your brand and you are not taking as much risk […]
Florida International University’s College of Business (FIU Business) will launch a first-of-its kind program, Developing High-Potential Ventures with Skills – Not Venture Capital. Designed for South Florida entrepreneurs, technologists and students, the program will benefit those in the region who want to create and control wealth by starting and scaling […]
What is public relations? “It starts with understanding the purpose of the company and then defining how the company communicates, with customers and with journalists,” said Nile Kirec, a consultant at Florida SBDC at FIU, the small business development center within FIU’s College of Business, who specializes in marketing, PR […]
As small businesses get ready for the final quarter of the year, it’s a good time to reflect on some best practices for growth. We are beginning to see signs that the economy may slow down, which makes having a handle on all your growth levers all the more important. […]
In Florida, 60,000 Florida companies are exporting $55 billion in goods and services overseas. Small businesses account for 66 percent of all those exports. The exporting process may seem daunting but if you have a product or service with a proven track record in the domestic market, you may be […]
Sometimes there is nothing better than learning from the stories of entrepreneurs in the trenches. Suneera Madhani did not set out to build a fast-growing financial technology company. She was working at a merchant payment processor and was surprised by all the complaints in the industry. After doing a lot […]
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 […]
This just in: The U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal for the sixth consecutive year in 2018, awarding 25.05% in federal contract dollars to small businesses. That totaled $120.8 billion, an increase from the previous fiscal year of nearly $15 […]