In January 2017, Nextiva Cares supported Phoenix’s local St. Mary’s Food Bank Alliance to provide meals for those in need. Arizona’s hunger rates are currently above the national average. Over 456,000 children in Arizona are facing hunger on a daily basis. St. Mary’s Food Bank does everything in its power to reduce these statistics and improve the quality of life for Arizonans in need.
Think there’s not a profit crisis? The Small Business Administration conducted a recent study and found that of the 28 million small businesses in the US, about 83% are not profitable. That’s a shocking statistic. The vast majority of small businesses lose money. That means these small businesses are likely to close, ending job opportunities and reducing incomes for millions of families.
How do so many small businesses fail to turn a profit? It turns out that it’s because of the way we think about profit – our profit mindset. We talk about “year-end profit” or “the bottom line.” We consider profit to be whatever is left over after we pay all our bills.
As a business owner the #1 things you must do in your business are your high-valued activities like sales and serving customers. Outsourcing is a great way to keep you focused on running the business, and with the rise of the freelance or gig economy there are more options than ever to get things done. So think carefully about what tasks you don't have time for, or don't feel qualified to do in your small business and get them handled by someone else.
There’s not a one of us who enjoys hearing criticism or complaints about our businesses. Criticism is inevitable, and it’s actually a useful tool if you learn how to handle it effectively. Healthy companies grow and evolve, and customer complaints can actually help you focus your efforts to improve in a way that’s seriously productive.
Have complaints? A crummy online review? An irate customer? Try these strategies:
Aside from wearing the occasional Chicago Blackhawks jersey (especially on a long flight), I make a point of maintaining a professional appearance in public. That used to mean dark suits and long sleeves. Happily, corporate dress codes have changed in recent years.
Small business employees often expect a more relaxed policy that does not automatically fit when their companies are competing with larger companies. Establishing a dress code creates a quandary; formal attire may present a more professional appearance to customers, but employees may balk at spending money on expensive clothing or not being able to express themselves. To help you tread the line between fussy corporate and circus attire, here are six things to consider when formulating your dress code.
Learn to Look for these Red Flags in Business Contracts
Too many small business owners gloss over important terms in contracts they sign. This can cause a problem later in the relationship if they are not properly negotiated. While a lawyer may not need to be involved in every transaction, here are the areas that all companies should look for to protect themselves before signing any agreement: