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- Entrepreneurs often focus too much on their business’s immediate needs and not enough on long-term strategy
- Having a business plan from the outset allows you to set goals and benchmarks to meet
- Business owners should be prepared to regularly adapt their company to fulfill changing demands and meet customer needs
- Research shows that companies that in their employees and workplace post better profits than those that don’t
- Fair pay and benefits, an open leadership model, and other strategies to improve your company culture
- Ensuring that your employees are engaged with their work is also a crucial factor
- Employers are required by law to pay their employees, but unexpected circumstances may leave you with too little cash to make payroll
- Communicating the situation is essential, after which you can pursue one of several potential solutions
- An inability to meet payroll may be a warning sign that you need to make changes to your business strategy
- Keeping track of your business expenses and income is crucial for assessing your business strategy and profitability
- Several free online tools are available to business owners
- Help forecast future cash flows, track down late payments, and turn the tedious task of getting paid into something much easier
- Marketing is essential for finding new customers and generating sales, but an internal team may not be necessary for your company to succeed
- An outside company may be able to perform these tasks more effectively
- Signals in your marketing results and daily workload that it’s time for a change
- If you’re planning to bring on employees at your company, you need to have a grasp of human resources issues
- Get a firm grasp of employment laws and requirements
- Advance preparations allow you to develop a staffing plan, determine wages, and more
- How personality assessments can influence your business strategy and improve productivity
- Tips for those managing a business
- Help identify your own leadership style and evaluate employees’ natural propensity
- The definition and importance of bookkeeping
- For those starting a business and those who haven’t hired an accountant
- Learn the basics of small business accounting
- Deciding whether you should hire a professional accountant or balance your own books
- For any kind of business organization
- Avoid costly financial and tax mistakes
- Factors that go into choosing a business location and questions that entrepreneurs should ponder
- For those starting or expanding a business
- Also a resource for Connecticut business location selection
