By: Jamie Cohen
How often do you check your social media accounts? Or, Google your name? If you don’t track them, you’re missing out on important information about your online presence.
Your online reputation matters. And it’s something you should take seriously. In today’s society, where everyone seems connected, staying ahead of the game with your brand is essential. It could be the difference between a thriving business and one that struggles to get leads or sales.
By: Matthew Gillman, SMB Compass Founder
If you have any money left at the end of your fiscal year, you’re doing better than a lot of others who are simply breaking even. When a business is profitable, the question of what to do with the funds comes into question. Many business owners may simply carry funds forward for use in the next fiscal year to maximize their resources or cover unexpected costs. In this article, we’ll explore six options to consider if you have money to spend on your business.
By: Jamie Cohen
Managing team productivity is one of the most important aspects of growing a business. Efficiency and productivity are crucial to business success. Our article on managing employee performance covers the basics of managing your team. Here, we focus on creative and innovative ways to increase team productivity. One way is by maintaining a positive work environment. A positive work environment can help stimulate employee creativity and lead to innovation and company success.
Here are our top five tips for boosting team productivity and creating a productive, welcoming work environment.
By Myranda Mondry
2021 broke a record year for entrepreneurship with five million new businesses started. This year more than 17 million Americans said they wanted to open a new business, according to data from QuickBooks.
These new business owners have unique challenges to face in the wake of the pandemic. Like inflation, which a recent QuickBooks survey found that almost all business owners (99%) are concerned about. Respondents also ranked supply chain, cash flow challenges, low funding, and skills shortages among the top threats facing small businesses this year.
By: Matthew Gillman, SMB Compass Founder
Deciding to take on business debt is a difficult and necessary decision that most business owners face at some point. If you’re thinking of applying for business financing, you’re not alone. In fact, in the last 12 months, 45% of small business owners have applied for a business loan.
And, currently many business owners are considering financing options to simply deal with rising costs and inflation. According to the latest Small Business Index report, more than seven out of ten small entrepreneurs said that the rising cost of goods and services due to inflation had taken a toll on their operations within the past 12 months. The new survey revealed that about 50% of small companies have dealt with inflation by getting business financing.