Even though most businesses think they’re prepared to manage disasters, only a quarter actually are, the U.S. Chamber of Commerce Foundation reports. Supply chain delays, economic uncertainty, or even a key client defaulting on a payment can send shockwaves through most businesses. A strong business…
“Beware of little expenses; a small leak will sink a great ship,” Benjamin Franklin once said. People often take this quote at face value and focus on the importance of monitoring expenses and implementing cost-cutting strategies. This is part of it, but the often-overlooked wisdom…
No matter which side of the table you sit on during contract negotiations between two businesses considering a partnership, payment terms will always be a major focal point. Businesses providing goods and services want to be paid faster, while businesses receiving them want to delay…
“If you’re starting a business and you take out a loan, you’re a moron,” Shark Tank investor and long-term entrepreneur Mark Cuban says. While his words may come across as harsh or even crass, he goes on to make a fair point: “There are so…
“’Tis skill, not strength, that governs a ship,” historian Thomas Fuller wrote centuries ago, yet the wisdom carries through today, especially in business. Just like a captain navigating unpredictable waters, your business success depends on the skills you master, not just the strength of your…
Profitability slipping or cash flow feeling tight? One of the biggest culprits for small and growing businesses is overhead. By mastering the art of managing business overhead costs and using practical cost-saving strategies, you can boost your bottom line and create financial stability. On this…
Some stress is inevitable when you’re running a business. But, letting it go unchecked can have serious consequences for you and your company. Below, we’ll cover a few reasons why it’s essential to destress, then explore some proven business owner stress relief tactics to help…
More than two-thirds of small businesses are leveraging artificial intelligence (AI) solutions, according to the latest Small Business AI Adoption survey. However, adoption rates are lower among those with lesser revenue. This is an unfortunate catch-22, as those with reduced revenue often hold off on…
Eleanor Roosevelt once said, “The future belongs to those who believe in the beauty of their dreams.” Although her words have stood the test of time, that doesn’t necessarily make having that belief or betting on yourself any easier. On this page, we’ll walk you…
Imagine logging onto your work computer one morning, only to be met with a notification informing you that your data has been stolen by hackers. To get it back, you need to pay $100,000. What are your next steps? The answer likely hinges on whether…
