Category: Operations
The 2023 small business outsourcing guide
Are you bogged down with tasks that stop you from focusing on the areas of your business you need to the most? Consider the benefits of outsourcing. Outsourcing has become a tool for small businesses to access specialized skills, reduce costs, and boost efficiency. In a Clutch report, 83% of small businesses planned to maintain…
Leveraging artificial intelligence for your SMB
Unless you’ve been living in a cave, you’ve probably heard about the newest Artificial Intelligence viral sensation, ChatGPT. Created by a company called OpenAI, this software was designed to generate humanlike responses to a wide range of questions. Unlike humans, ChatGPT has all the world’s knowledge. It can write essays, poems, scripts, or even translate…
How to make your SMB sustainable
More and more, we’re seeing small business owners and entrepreneurs wanting to contribute to a sustainable economy. Small business owners and their employees are now in a position to make a difference and to seize this opportunity to build and grow an economy that’s sustainable. By doing so, they will cater to a larger audience,…
Business Isn’t Personal—Nor Should It Be
For many reasons (particularly in regard to credit), business and personal don’t mix. Although many entrepreneurs capitalize their early-stage startups with personal funds—they might use their home equity, personal savings, or personal credit cards to get things off the ground
Female entrepreneurs and financing: Overcoming the challenges
Canadian businesses owned by women contribute billions of dollars to our economy every year. The number of female-owned businesses has doubled in Canada over the past two decades. Yet women still face potential barriers when it comes to financing their operations, whether they’re looking for a
Out of the start-up zone: Pivoting a small business to growth
Most businesses are launched with dreams of future growth. But there are things start-ups and other early-stage businesses can do now to lay the groundwork and prepare for future growth. They can start by building a credit profile that will help them access borrowed capital when the time is right.
Six Necessary Skills For Effective Operations
American small businesses are enjoying an overall positive uptick. As noted by Forbes, U.S SMBs entered 2016 with stronger sales growth, improved profitability and upward hiring trends. This [...]
Managing the Busy Summer Season in a Seasonal Small Business
Many seasonal small businesses see a surge in traffic over the summer months. Their customers are eating out, traveling, investing in their homes with home and garden improvements, or [...]
Four Steps to Get Back to Work and End the Year Strong
As summer starts to wind down and vacation season nears it’s end, it’s a great time to start thinking about the second half of the year, along with the strategies and tactics you’ll employ [...]
Important Small Business Financial Metrics You Need to Know
I don’t think I’m alone when I suggest, that like many small business owners, I didn’t jump into business ownership because I was really excited about small business bookkeeping or [...]
4 Things Every Business Owner Needs to Run a Thriving Business
Small business owners come from different backgrounds and, many times, different skill sets. Regardless of whether your background is in sales, marketing, or a technical background [...]
5 Reasons You Need a Documented Operations Manual
A documented operations manual is a good idea. Here are five reasons you should consider creating one for your small business.
12 Free Online Small Business Resources You Shouldn’t Ignore
Small and medium-sized businesses (SMBs) know how to stretch a dollar to make it go as far as possible. Whether you’re bootstrapping your business on your own or gearing up [...]
Small Business, Smaller Small Business Budget?
The rate of small business failure is trending downward, Entrepreneur reports. Part of this trend stems from savvy business owners who do their homework before putting [...]
Bouncing Back From a Bad Quarter
Every business occasionally has a bad month or two. Bouncing back from a bad quarter can really make the difference in your business’ profitability. Here are 5 things to help [...]