Effective communication is a necessity for small businesses. Not only does it increase morale, engagement and commitment among employees, but it also reduces grievances that may arise from misunderstandings. To make sure that communication is clear and consistent, Standard Operating Procedures (SOPs) are needed. Standard Operating Procedures are a list of step-by-step instructions on how certain tasks should be completed. Employees don’t have to guess what to do in various situations, because management will have already outlined a clear procedure to follow.
In small businesses, obtaining clients is a primary objective for growth. It’s pretty much Business 101. The more clients you have, the more your business grows. Every small business owner has their own way of running their business, particularly when it comes to onboarding new clients, but the general definition of what this should look like is as follows:
The holidays are coming, and so is the rush for everyone to get ahold of the perfect gifts for their loved ones. Essentially, this is good news for business owners because it means an increase in sales, but because it also means an increase in demands, this season requires a lot of preparation. So what can small business owners do to prepare themselves for the holidays?
Holiday season is upon us. Let the shopping begin!
For most small retail businesses, holiday season can be the busiest and most taxing season of the year. As welcome as the rush of holiday traffic in and out of your storefront may be, it also means that you have to deal with higher demands and a rapidly diminishing stock. Balancing these two realities can be quite the headache!
Every business owner knows the importance of keeping track of inventory. It is an essential requirement in the overall management of a business. There can be no business if there is no product. When you have a small business, inventory management is fairly easy; however, it could get a bit more complicated if your small business expands into the world of ecommerce.