Prepare and Manage Employee Turnover
I've had several conversations with staff and customers about problems resulting from the turmoil of our labor market. In April and May of this year alone a record 8 million people quit their jobs either voluntarily or otherwise. The labor force participation rate was 61.7% in July 2021, 1.7 percentage points below the level in January 2020, before the pandemic and the economic recession. Business owners are also dealing with supply chain issues and the busy holiday season is here as well. While I can't
Tina Wolfe
The Basics of Construction Accounting
Just launched your construction business? This free webinar will cover the basics of construction accounting and help you focus on the actual construction.
Tina Wolfe
Three Things To Know About the Restaurant Revitalization Fund
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. Some of our own establishments have taken advantage of this assistance but many more, may not know about the program or how it works. Here are the top three things you need to know about the Restaurant Revitalization Fund.
Tina Wolfe
Pricing Strategies That Help Grow Your Business
There are 7.7 billion potential clients out there in the world. And although that number obviously decreases exponentially with each business, the point is, we can’t possibly serve everyone, everywhere. More important than cost of goods or competitor pricing is how well you know your target audience and how much they value your services or product.What every business needs to consider when establishing pricing for its product or service offered. Follow these five tips to determine the value of the products
Tina Wolfe
Small Businesses Need No-Strings-Attached Access to Funds — Here’s a Smart Option
The pandemic has had a profound effect on small businesses across the country. Seven months after the onset, resilient businesses have slowly begun accepting customers back into their shops, but things are by no means back to normal. Fewer customers and tighter local restrictions means less sales, with three-quarters of small businesses reporting that COVID-19 has caused revenues to dip. The lack of normal sales activity is exacerbating the delicate cash flow balance small businesses must regularly strike —
Small Business Trends
The Most Important Things I Learned in 2020
I recently came across a fantastic article in Success Magazine where they asked their readers to share what was the most important thing they learned in 2020. Their answers will perhaps resonate with many of you as you reflect on a pestiferous period.
Tina Wolfe
Six Steps For Planning a Post-Covid-19 Marketing Recovery
Chris Cavanaugh, founder and partner of the Magellan Strategy Group offers six steps for planning a post-covid-19 marketing recovery.
Chris Cavanaugh of The Megellan Group
Optimism Amid Chaos
These are difficult times and the hardest part is waiting for the processes for funding to be worked out. I find myself in a unique position of hearing the frustration on both sides--the businesses and the lending organizations. What I do know is that no one wants businesses to fail, people to go hungry, or people to lose their lease.
Tina Wolfe
Rise in Business Confidence: 5 Insights From Main Street
According to recent results of the U.S. Chamber of Commerce & MetLife Small Business Index (SBI), a quarterly survey of 1,000 small business owners nationwide,* optimism is at an all-time high. This rise in business confidence points to a rebound in the national outlook and reflects the highest levels yet recorded in this survey's seven quarters, to date. Let's see why and what you can apply to your business.
Tina Wolfe
Small Retail Businesses Hire Nearly 40% of All Retail Employees
From a recent research project from SCORE, the data shows that independent retailers are indeed a huge economic engine in local communities. SCORE compiled the latest 2019 retail statistics into an easy-to-understand infographic.
Michael Guta, SmallBiz Trends Magazine
