How Can Lean Principles Help Your Business?

Are you looking for a way to cut costs and increase profits in your business? The principles of Lean manufacturing can help—even if you’re not a manufacturer.   What is Lean Manufacturing?  Lean manufacturing is the process of identifying work that doesn’t add value also known as “waste”—and removing that waste. There are seven basic types of waste, whether in manufacturing or nonmanufacturing: over production, motion, waiting, Read More

How to Get a Bank Loan for Your Small Business

Obtaining a bank loan for your small business has never been easy, however working with an SBDC Business Advisor to put together a good loan application package can greatly increase your chances of success. Here are some of the essentials you need to know. Know the key elements of the loan application package. The application package consists of financial information related to the business’s and owner’s earnings, expenses, assets and Read More

How to Win Local Government Contracts

Has your small business considered pursuing government contracts? The federal government isn’t the only contracting opportunity out there. Think smaller. Think local. Contracting with local government agencies can be a lucrative way for small businesses to get into the contracting game. Here are some tips to get you started.   Find out if local government agencies can use your products and services. Contact local agencies directly Read More

Best Practices for Smart Hires

The ideal new employee will help grow your business, while the wrong choice can be an expensive mistake. Here are some tips for interviewing wisely and evaluating interviewees fairly and objectively, to help you make the best hires. Pre-screen applicants by phone and prepare possible candidates for the interview. If you want to see samples of their work, let them know in advance. Be sure to let them know if they will be meeting with more than Read More

Strategies for Improving Cash Flow

The effects of cash flow can significantly impact your business decisions and if not carefully monitored, can create unexpected roadblocks to your business success. Learn what you can do to monitor, safeguard and employ your cash to work for you. Start with these strategies to help improve your business’s cash flow. PLAN: Creating a 12-month cash flow forecast is highly recommended, especially if your business is in a growth stage. As orders Read More

6 Ways to Improve Your Team’s Customer Service Skills

Are you providing your customers with the best service possible? Flexibility and friendly service can go a long way. Below are some tips for reimagining your company’s customer service abilities.  Create a Customer Service Plan and Objectives. Before you begin, ask your customers, vendors, and your employees for their feedback on customer service. Be open to hearing the good and the bad, and welcome all feedback with open arms. Review Your Read More

7 Tips to Attract and Retain Millennial Talent

Millennial employees (born between 1982 and 2000) represent the largest age group to emerge since the baby boom generation. Over the next 20 years, this group represents a significant proportion of the workforce, and employers are learning that they need to make major adjustments in the strategies they use to cultivate and retain valuable millennial employees. Here are some tips on how you can attract Millennial employees to your Read More

8 Tips for Creating a More Successful Business

As a business owner, you want your small business to enjoy a higher profile, greater success, more engaged employees and increased profitability. Here are ways to get results. HAVE A PLAN. Too often, small business owners get so caught up in day-to-day operations that they neglect long-range planning. If you’ve never written a business plan, do so—it will force you to think about what you want to achieve this year and beyond. If you have a Read More

Best Practices for Price Increases

As a business owner, knowing when to raise your prices can be tricky. You know the value of your product or service, but what about your customer's perspective? Knowing how your business stacks up against the competition and how to improve the perceived value of your product, can help you raise your prices without alienating customers.  START SMALL. Test the waters by raising prices on a few of your products, or on smaller, less crucial Read More

Protecting Your Business From Cybercrime and Data Loss

If your company’s computers or network security were breached, how would extended downtime, fines or lawsuits affect your business? Despite numerous studies available on how cybercriminal impacts business and consumer confidence, many business owners have no plan to protect their data. Here are guidelines to help you secure your business’s computers. BEGIN WITH THE BASICS. Take an inventory of your company’s computer equipment to identify all Read More

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