Strategic Planning for Small Businesses

Strategic Planning for Small Businesses

  • Posted by Marketing Intern
  • On March 23, 2015
The importance of ongoing planning for an existing business cannot be underestimated in these turbulent economic times. Yogi Bera’s statement, “If you don’t know where you are going, you will wind up somewhere else,” is probably true of most business owners. That somewhere else may be out of business. Strategic Planning is a change-oriented process […]
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Looking for Good Employees?

  • Posted by Marketing Intern
  • On March 23, 2015
Finding the right employees is a very important part of owning a business. More and more business owners say that they face. Before trying to find employees, the employer should have a detailed job description along with interview questions. If possible, the interview questions should be prepared by someone who has performed the tasks that […]
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Sometimes, Business Location Isn’t Everything

  • Posted by Liz Overstreet
  • On March 18, 2015
“Location, location, location” is a phrase that we are all familiar with when it comes to real estate. As a business owner, choosing the right location can be critical to your success but it is much more involved than just identifying a prime space, building or piece of real estate. Let’s look at some of […]
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Ten Mistakes that Sabotage Business Success

  • Posted by Marketing Intern
  • On March 16, 2015
As a business consultant I have seen many businesses struggling because they had made very basic and avoidable mistakes. Here is my list of ten mistakes to avoid. They are not in order of importance since any one of them can have serious consequences for the business. Failure to Plan. This one pertains not only […]
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Exit Strategies Take Time and Planning

  • Posted by Marketing Intern
  • On March 16, 2015
Most business owners want to sell their business at some point. Unfortunately most fail to plan effectively for this eventuality. In many cases owners cannot find a good buyer and end up liquidating their business for only the value of the assets. Prepping a business to sell for a premium price takes a significant amount […]
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Making and Managing Profits

  • Posted by Marketing Intern
  • On March 16, 2015
Small business owners start a business with the goal of making a profit using the premise that by increasing sales, profits will increase. While this is true to a point, there are incidents where businesses have increased sales to the point where they are operating at a loss. There could be many reasons for this […]
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Management Problems in Family Owned Businesses

  • Posted by Marketing Intern
  • On March 16, 2015
The Cox Family Enterprise Center at Kennesaw State University publishes the following set of 10 facts about family owned businesses:  80% of the world’s businesses are family owned.  In the past five years, Americans have started mare than 3 million family businesses.  Family-run businesses account for half of the nation’s gross domestic product.  Nearly 35% […]
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Strategic Alliances Can Pay Dividends for Georgia’s Small Businesses

  • Posted by Marketing Intern
  • On March 16, 2015
Strategic alliances have been commonplace for many in the corporate arena for a long time but it also becoming a staple for small businesses around the nation and Georgia as well. Small companies are seeing benefits in joining forces to provide products and services in a more efficient and profitable manner, often teaming up to […]
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