Family Businesses: Keeping Your Family Business Running Smoothly
Family Businesses are the economic engines that drive America and, whether or not you operate a family business, in all likelihood, you and your company rely on one for services, in one form or another. Because of the unique dynamics inside of a family business, there are hurdles they face that other business owners typically don”t have to deal with. These challenges not only affect the family business, but also those they serve.
Planning the Exit From Your BusinessSooner or later, willingly or unwillingly, deliberately or unconsciously, a small business owner decides how they’ll leave their business. Whether they’re carried feet first out the door at death; they sell; they transfer the business to the next generation; or they take some other path out the door: the day will come when each owner makes their final exit from their business.
How to Effectively Engage Your EmployeesYour business depends on your employees. Look after them and they will look after your customers. Finding good ones takes time and money so keeping them once you’ve got them is vital! The UK government seems to have woken up to the fact that keeping your people engaged with your business is important to growth and success. It has recently launched an employee engagement task force. Here are some suggestions for the task force on how to keep employees engaged, motivated and productive.
Why Your Small Business Might Need A MentorNearly two thirds of all start up businesses fail in the first year according to conservative estimates. It might be time to look at how a mentor can help you buck the trend.
The Benefits of Credit Checks For Small BusinessesYou have to get paid for your services and products to stay afloat, but knowing which customers will be good payers and which ones will take you for a ride can be a tricky business. It may be worth while to learn how credit checks can help you.