Category Archives: Management

How To Analyze Your Competition For Market Opportunities

The biggest concern of a business owner is their competition. No matter what field you’re in, there is someone out there who could potentially take your customers. Businesses have to work hard to stay ahead of the competition, paying attention to what is going on in the market. Competitor analysis tools have been created, but for those who want to ... Read More »

5 Steps To Business Succession Planning For A Smooth Transition

One of the toughest management challenges for a small business is successful succession from one owner to another. It is so challenging that most small businesses don’t survive it. For the owner of a small business, it’s important to treat your succession as a process, not an event. It’s also important to plan for your succession early. A business succession ... Read More »

These Essential Business Services Cost Less And Do More Than You Realize

Are you a micromanager? You’re not alone. Many entrepreneurs, perhaps most, struggle to delegate effectively. Micromanagement has all sorts of unintended consequences, such as poor resource utilization. When you micromanage, you’re “constantly putting out fires, rather than focusing on the larger tasks that only you can perform,” says the Forbes Coaches Council. Unlearning hands-on management habits is especially tough when ... Read More »

5 Steps To Finding Legal Advice For Small Business

As the manager of a small business, you will need a lawyer. Even at the very start of your time in business you will need legal advice and help along the way. Beyond protecting you from lawsuit, lawyers are needed to draw up contracts and incorporate your business way before the S Corp filing deadline. However, for many just starting ... Read More »

5 Attributes That Talented Business Coaches Have In Common

A business coach is a senior figure, usually a successful businessperson themselves, who can teach you new ways to improve your business and advise on decisions. However, there are somewhere near 53,300 business coaches today according to the International coach Federation. At a cost of hundreds an hour, you might wonder whether the cost will be worth it compared to ... Read More »

How These Business Writing Rules Transform Your Skills

At heart, all good business comes down to communication. The ability to convey ideas correctly and convincingly is essential. As a result, an aspiring businessperson needs to be gifted in communication to expand a business. There are already plenty of manuals about how to handle a business meeting. However, are you as good in a business letter? Being a good ... Read More »

5 Vital Employee Monitoring Best Practices To Ethically Track Productivity

Employee monitoring is one of the most crucial aspects of managing employees. All managers know this. However, it can sometimes feel invasive and inappropriate to monitor employee behavior and workflows. This can sometimes put a strain on employee/supervisor relationships. This is not a problem you will encounter if you properly and ethically monitor employees. In order to do that, managers ... Read More »

4 Sources Of Stress For Small Business Owners To Manage Effectively

Being a small business owner can be both rewarding and extremely stressful. When it comes to running a business, some stressors can be more damaging than others, and when it becomes too overwhelming, those stressors can break the business model. While there are endless sources of stress that could potentially impact how someone reacts to their role as an entrepreneur, ... Read More »

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