Time and time again we hear stories of how yet another big corporation has run a mom and pop shop out of business. It actually seems to be a trend these days. Maybe this even hits close to home for you, as your business has experienced the threat of a large competitor. As much as you may wish it wasn’t so, competition is always going to be a factor in how well your small business performs, but thankfully, size doesn’t always have to be the deciding factor in who comes out on top. It’s all about the strategy.
Do you ever wish someone would give you a cheat sheet of focus areas for your small business? Well, look no further! In this article we are going to outline five areas to help you maximize the efficiency and profitability of your small business. Let’s get started!
For most people in this day and age, technology is a way of life. Cell phones have become lifelines to the world, and most everyone has a computer in their home. From the way we heat and cool our food to the way we wash dishes, we rely on technology to help us get our work done quickly and more efficiently. The same is true of the relationship between small businesses and technology.
For every business, whether large or small, there are times that the workload can pile up until it becomes overwhelming. The more that small businesses grow, the more they tend to experience the ever-intensifying pressure of an increase in production demands as their customer base grows, and even the frustration of having to make changes in the management of their own business practices.