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Entrepreneurs often only work for themselves, but leadership skills are a must when you have majority ownership with your partners or when you bring on employees How leadership skills can give your company direction, set the tone of your business, and create and maintain a cohesive company Clear communication, developing a vision, and other advice for stepping into the role of a leader
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Risk management is vital for preserving your company in the face of unexpected circumstances Understand different scenarios for internal and external risks How to develop a risk management plan, and prepare for unpredictable risks
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Your business’s brand is its unique value, or the thing that causes people to choose it over other alternatives Creating a brand strategy, brand story, and brand assets A branding example of a small business in Connecticut
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Uncertainty is certain to occur in business, and can come from many different sources Understanding the four different types of business uncertainty Tips for enduring uncertain times, or even turning them to your advantage
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Understanding the core activities that make your business work Identifying basic and expanded business processes Steps for performing a process analysis
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Knowing when it’s time to sell your business Determining your business value and pre-qualifying buyers Preparing the necessary documents and deciding whether to use a broker
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The adoption of digital technologies accelerated during the COVID-19 pandemic Leveraging these technologies during the “new normal” Virtual meetings, digital marketing, and new opportunities
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Key steps for acquiring funds for starting or growing a business Potential avenues for financing A word of caution on alternative fintech lenders
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Financial technology options can be an appealing option for entrepreneurs who have trouble accessing funding through traditional lenders However, fintech can also come with higher interest rates and more onerous repayment terms Proceed with caution when looking for financing
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How to develop a relationship with your bank to meet your small business needs The important documents to bring when meeting with a bank representative What banks are looking for to gauge creditworthiness
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