Tag Archives: ideas

Plans and strategies are in place to achieve every business goal, from recruitment to increasing customer numbers and bottom line. People often use the terms to refer to the same methods, but they mean different things. Here’s what distinguishes a plan from a strategy and when you can use it. Plan vs. Strategy Defined YouContinueContinue reading “Is There a Difference Between Having a Plan and a Strategy?”

SCORE defines a family-owned business as “Is one in which any two or more family members operate the company, and the majority of ownership or control lies within the family.” If you are an owner of a business in which other family members—a spouse, sibling, child, or other relative—also have an ownership interest or workContinueContinue reading “Succession Planning for Your Family-Owned Business”

The employee retention credit (ERC), a credit created during COVID-19, ended on September 30, 2021 (December 31, 2021, for startups), but it’s still alive. How can that be? The reason: The deadline for submitting refund claims has not expired. Many employers claimed the credit, and a number of these are still pending. But there’s beenContinueContinue reading “Employee Retention Credit Now: Where You Stand and What to Do”

The definition of a customer is “one that purchases a commodity or service.” A customer is the party that generates revenue for your business. But in addition to the sales they make, there are other ways a customer can help your business…and at little or no cost to you. Here are 3 ways a customerContinueContinue reading “3 Ways Customers Can Be on Your Sales Team”

Experts aren’t certain there will be a recession, or whether we’re already in one. But what is certain is the growing number of job layoffs. Forbes reported that layoffs from January through September 2023 are up almost 200%. For example, layoffs have occurred at big tech firms, such as Google, Amazon, Microsoft, Yahoo, Meta, and Zoom.ContinueContinue reading “Recession-Proofing Your Business: Managing Employee Anxiety”