Management

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What to do if you have a cash crisis

Dealing with a sudden cash flow crisis, even if you’re working hard to avoid shortfalls, is hugely distracting. A formerly reliable customer might take much longer to pay than anticipated …

Lessons learned from global disruption and looking ahead

While it may be challenging to predict what the future holds, history shows us that economies will eventually recover from major disruptions. It’s useful to reflect on how your business …

Competing and pricing confidently in a cost-pressured market

Rising costs, tighter budgets, and more price-sensitive customers are challenging every business. When material, people and supply chain expenses keep climbing, and customers hesitate to pay more, the solution isn’t …

How to retain your best employees

Employees are the face of your brand, guardians of your intellectual property and ideas, and the biggest driver of business growth. Not only is employee turnover disruptive, stressful and time-consuming, …

Pricing mistakes that cost your business more than you think

Pricing can make or break a business. Yet for many small business owners, setting the right price is more guesswork than strategy. Whether you’re undercharging, reacting to competitors, or failing …

Advantages of a SWOT analysis

If events are swirling outside your control, a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) can provide you with a structure to make changes that align with your goals. The …

Find and fix bottlenecks

Bottlenecks are the inefficiencies or constraints that slow down your operations, impacting everything from production and sales to customer satisfaction. These roadblocks hinder growth, making it difficult to scale your …

Restructuring if cash stressed

Restructuring your business can feel like a daunting task, but in times of economic uncertainty or shifting markets, it can be the key to long-term success. The idea is to …

The timeless wisdom of ‘The E-Myth Revisited’: Lessons for today’s business owners

Think back to when you started your business. What drove you? Maybe it was the dream of freedom, the excitement of being your own boss, or the simple fact that …

Managing morale during times of change

Change is inevitable in any business, but it’s rarely easy—especially when it comes to managing morale. Whether you’re restructuring your team, implementing new processes, or pivoting your business strategy, major …

What is Gross Profit Margin and what does it tell you?

Managing a small business can feel like balancing countless tasks at once. In the midst of it all, one key metric stands out – Gross Profit Margin. But what is …