According to a recent study, workers feel a greater sense of anxiety and lower relationship satisfaction when they check emails during non-working hours. I found this study coincidently after coming to the conclusion that my own work-life balance has been suffering lately because of how often I check my email. The stress of the constant […]
As part of my MBA program, I’m taking a class on entrepreneurship. It’s been interesting, mostly because there’s a lot of content that seems familiar because I’ve been running a business for more than a decade. But it’s also been a good reminder. One of the items we’re learning about is the importance of having […]
The overwhelming tide of cyberattacks continues to rise. Even well-funded IT departments are having trouble keeping up with the threats. According to most major reports, hackers are now able to spend more than 200 days snooping about a network unnoticed, allowing them ample time to access all of the information they need. There are many […]
According to Gallup, half of employees are ready to leave their jobs. Some of these individuals might even go on to start their own businesses. While statistics indicate that half of those startup attempts will be unsuccessful, right now the small business optimism index is at its highest level since its inception 45 years ago. […]
I’ve always actively avoided standing in front of crowds. I had a serious fear of public speaking. Despite having valuable information to share, I worried I would freeze up and look like an amateur. Whenever people suggested that I add speaking to my business, I made excuses to avoid it at all costs. My opinion […]
Online networking is how I started my business. For the first few years, I connected with clients by pitching constantly and responding to a few job listings from the comfort of home. Venturing out to live events and conferences is when the game changed for me. My business started growing rapidly with the support of […]
Have you ever been completely turned off by a company’s customer service? It probably left a bad taste in your mouth and made you reconsider doing business with that company again. If you can feel off-put by doing customer service with a huge well-known company like Walmart or Comcast, imagine how people may feel if your […]
Hiring freelancers is one of the ways I’m able to stay productive in my business. I recognize that I’m not an expert on all things. I have a designer designing a book I’m publishing, an editor editing the contents of my book, and a virtual assistant who handles social media and other business tasks. As […]
If you haven’t separated your business finances from your personal finances yet, you’ll want to move that up to the top of your list. Keeping personal and business finances separate can help you stay organized and provide plenty of peace of mind especially around tax time. If you’ve legitimized your business and became an LLC […]
The internet is a blessing and a curse. We have access to unlimited information and we can connect with millions of people on a daily basis. The internet has made it possible for us to share ideas and start businesses from scratch with limited capital. There’s also the less positive side of the internet. You’ve […]
Starting your own business has never been easier given the availability of investors and the interest of so many in the startup space to help create the next "big thing" or to be behind a disruptive product or service that really shakes up the marketplace. However, when it comes to the actual work involved in tackling all aspects of a business, including its functions like sales and marketing, accounting and finance, human resources, information technology and more, it becomes considerably more challenging for a small business owner or founder.
With statistics that show up to 90% of new businesses failing soon after launch, it's critical to know how each of the functions pertaining to running a business, can work the most efficiently, including how to budget appropriately to sustain your business through all types of economic cycles. However, so many business owners admit that they do not have much knowledge and very little experience about most aspects of running a business and they tend to "wing it" and figure it out as they go. The problem is that this approach to running a business is the very reason why so many fail.
A better strategy is to invest time, energy and effort in a continual learning process that helps build knowledge and skills across all aspects of your business. Even if you do not handle all these functions yourself but have team members or outsourced talent for some of the more technical roles, it is still good to familiarize yourself with the issues. Knowing and understanding trends, technology and opportunities that impact all functions of your business will help you to better shape your business decisions. Additionally, this strategy of ongoing learning can help you identify those areas in your business that could benefit from additional technology or tools that add efficiency and help you maximize the time spent on many non-revenue tasks.
We have dedicated a category of our Due.com blog posts to providing business tips to help you enhance your working knowledge and skills across all aspects of your business and help you make more informed decisions that will speed growth, revenues, brand reputation and profitability. These business tips include such topics as:
- Marketing strategies, including social media platforms, creativity and messaging, content marketing strategies, branding and how to promote your company online.
- Financial planning, such as emergency funds, retirement accounts, budgets, invoicing, how to handle clients that haven't paid, why you should accept credit cards and how to finance business expansion.
- HR issues like whether to hire employees or freelancers, training, motivation to retain talent, how to find a business partner, where to find outsource talent and tax issues related to employees and freelancers.
- Productivity tips like how to manage your time, tools that maximize what you can get done, and how to effectively manage a project.
- Mindset strategies, including whether you are a freelancer or an entrepreneur, how quickly to expand your business, and how to build a business around your lifestyle.
These are just some of the dozens of articles now available in this subject category that are designed to help you get the most out of your business for the investment of time and money that you have put into it. Not only will you learn more about how an efficient, successful business works, but you will also be able to create a more effective strategy to ensure your business doesn't become just another unwanted statistic. We want to help you succeed.