If you sell physical products on your website, one of the things you need to worry about is where to store all that stuff and how to get it to customers once they order. As with other parts of your business, there are options for outsourcing storage and delivery so you don’t have to worry about it. Is that a good option for your business? Read on for a bit of education. [Read more...]
You’ve been in business for a while and you’re successful. How did you get there? You wore whatever hat was required at the moment. You’re a “hands-on” type of person. You could dig into something new in a flash. Although admirable and required for anyone that starts a business, this strength becomes your weakness if you are trying to grow. [Read more...]
13,000 laid off, 10,000 laid off, 5,000 laid off – we’ve heard it numerous times in the last few years. Will it ever stop? I doubt it. Big business seems to manage their bottom line by lay off and cutting heads is a quick way to do it.
In your small business, you can’t afford to manage your bottom line by adding staff one month and letting them go the next. The training costs alone would drive you out of business.
During a tight labor market, the only way to manage your small business when you’re short on staff is to make sure your business is run in the most optimal manner.
How do you do that?
Start by taking a look at your business tasks. Determine what steps are taken for each task that is accomplished, then ask these questions to determine how to tighten up.
Think twice before you upsize and downsize your small business.
Managing the fat of your business will get you closer to profitability and improve your cash flow too.
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