Entrepreneurship and business ownership are lofty goals to strive for. Unfortunately, there are a few pitfalls that could easily send an enterprising new owner tumbling down to earth like Icarus. Here, we’ll go over six of these errors so, if you happen to be starting a business, you know what you need to avoid.
Business technology continues to grow in importance for the small and medium-sized business, especially as many prepare for 2019. Where enterprise-level companies have long been using technology to bring people together and drive overall productivity, many SMBs are new to these opportunities. The availability of cloud resources, coupled with shifts in security, mobility, and other core technologies, makes it important for every organization, no matter what size, to have a comprehensive technology strategy.
When you were a kid, you may have disregarded your parents telling you to turn off the lights when they aren’t in use. Perhaps you didn’t understand just how much money it saved in the long run, but now that you run your own business, every little bit counts--especially when it comes to lowering your monthly power bill. A new method of energy control could drastically improve your business’ bottom line.
It’s no secret that a business owner has more than enough to deal with, regardless of that business’ size.
Whether the business has 10 employees or 100, the business owner has to deal with the stress of managing the minutiae of everyday operations, along with any other issues that may pop up. As one might assume, financial concerns can contribute considerably to that stress.
Using pirated software or abusing your software licenses for your business is heavily frowned upon. However, many software companies, in an attempt to protect their products, have unleashed a practice that can actually reward those who let it happen in the first place.
As a business adopts certain “best practices,” it is important for business leaders to consider why they are adopted, and more importantly, are they really for the best? There are many problems that subscribing to false best practices can produce, and so it becomes important to identify, adjust, and resolve them.
While many different people open businesses, the primary reason that they all do so is to make money. A positive cash flow is essential if the business is to generate funds that support a cause or provide a decent living. However, to collect this cash flow, a business must have their invoices returned. As it happens, this doesn’t often occur in a timely manner.
