Word-of-mouth is one of the most effective ways to learn about a new business and a successful referral program can help you achieve this. We ask for product recommendations from friends and family because they’re the ones we trust the most. They’re also paying customers who are aware of our preferences. As such, their positive […]
Successful leaders all have something in common. Here are the 7 key leadership traits great managers need.
Customer retention is an important part of your business. Here are 7 tricks for improving customer loyalty.
Half of small businesses did not create an official, formally documented budget in 2020, according to research from Clutch. Even more concerning, 19% of companies with 10 employees or fewer didn’t create any kind of budget. Of course, small business owners are extremely busy, which means finding the time to draw up a budget can […]
The viability of your company depends upon its financial health. Closely reviewing your financial statements, including the all-important profit and loss statement (often called a ‘P&L’), will give you important insights into the direction your business is heading. If you’re new to the business world — or if you aren’t sure what a profit and […]
Starting any kind of business comes with inherent risks. Many fail in the first year due to mismanagement of finances, lack of brand awareness, or for shifts in the market – much like we saw in 2020. If you’re going to pick a business to get into, it’s never a bad time to open a […]
The International Organization for Standardization (ISO) provides your construction business with robust management systems. Gaining these certifications can benefit your company significantly, giving you the upper hand for tenders along with qualifications for government contracts. It creates many professional opportunities for your small business, but it can be tricky to know which ISO certification to […]
Every industry has been affected by the forward march of technology, and construction is no exception. Over the past few decades, numerous tools have emerged that can help construction professionals make their work more efficient and reduce human error in the process. In this guide, we’re going to cover the best construction management software on […]
You’re about to learn how to create a winning retail business plan. You can use this plan to either start or grow your retail business. Importantly, rather than simply learning the key sections to include in your plan, you’ll see below the strategic questions that, upon answering, can help your business soar. Your retail business […]
When running a business, it’s easy for costs to get out of control quickly. We’ve broken down the best cost cutting ideas for you to implement in 2021 from marketing, to HR, to equipment costs. Follow these 22 tips to slash spending in your small business and help your bottom line. Overhead Costs 1. Shop […]