Helping Businesses Grow & Succeed
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 […]
If you run a growing small business, there is a good chance you are facing one or all of these challenges. We picked the brains of some small business experts to help you find a way to overcome them. You are slow getting to market with your product or service. […]
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 […]
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 […]
A strong culture within a small business doesn’t come naturally. Disney, a company often lauded for its company culture, says culture needs to be by design and not by default. In a recent GrowBiz post, we talked to small business owners about how they built a strong culture in their […]
There’s nothing like hearing from the small business trenches about what works and what doesn’t when it comes to creating a strong company culture. Drawing on several interviews with owners of businesses known as great places to work, learn and grow professionally, I’ve compiled a list of things to think […]
Last year, about 57% of small businesses saw revenues grow while 43% added employees to their payrolls, according to the Small Business Credit Survey produced by the Federal Reserve Bank. Both of these metrics increased over 2017 levels. More findings: Credit demand held steady in 2018, with 43% of firms […]
To allow failure but disallow incompetence To cherish creativity but shun lack of discipline To value team collaboration but not at the cost of individual accountability To cultivate an environment that is safe but also brutally honest To create non-hierarchical organizations full of strong leaders Inspired by The Hard Truth […]
We all may know of a family business torn apart by conflict. But a Columbia Business School professor writes in a Harvard Business Review article that, in fact, not enough conflict is also bad for business. Whether it is too much or two little conflict, “the business can suffer from […]
Even with the best intentions for a lasting legacy, family businesses find the odds stacked against them. Only about 30% of family businesses survive into the second generation, about 12% make it to the third generation, and only about 3% of all family businesses operate into the fourth generation or […]