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 […]
Tag: small business
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 […]
How to nurture a winning small business culture
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 […]
Surveys say: Small businesses are growing revenues, hiring – and adding perks too
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 […]
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 […]
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 […]
Is there conflict in your family business? It can be good for the business.
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 […]