Because Small Business is Big Business

Posts by Dr. Beverly Browning

Small Business Sustainability

small business sustainabilityWhen I wrote the Rule of Thumb book for Small Business Sustainability, I truly thought it would be a hot topic for business owners seeking to leave a legacy for themselves and their families and/or business partners.  However, after very stagnant book sales, I have to ask this question.  Are small business owners so caught up in day-to-day survival that they cannot even focus on the future?

In this article, I’ll share some words of wisdom from Internet research gathered on the importance of sustainability for small businesses. READ MORE »

 

Business Succession Planning

Business Succession PlanningAre you ready to stop, look at yourself in the mirror and willingly admit that you have no business succession planning in place yet?  Yes, planning for when you leave the business (because of bad health, retirement , or death) is a must-do if you want to sustain all of the hard work you put in and managed to continue—at least, if you want the business to go on for a few years more.

In this article, I’ll take you through some action steps to start planning for your departure from the business.  Remember, whether you’re young or old, you need to have a plan in place! READ MORE »

 

Reinvent Time

reimvemtHow do I know when it’s time to reinvent my services or products?

Here are some warning signs of business stagnation and decline:

Feedback from Customers/Clients.  When you start hearing questions like: Do you have anything else?  When will something new be in? Are you offering any more services?  Have you thought about branching out?  Clue after clue, the writing is on the wall.  If you don’t reinvent your business in some form or manner, you will not have a demand for you to supply much longer.  Take feedback seriously and begin to plan for and implement change throughout your business if you want to stay in business. READ MORE »

 

Tips After Startup Phase

Here are six tips after startup phaseTips After Startup Phase

  1. Market, market, and then market more!  I can’t stress the importance of letting the world know that you have something to sell them.  Market daily.
  2. Network, network, and then network more!  You can’t sit at your desk or stand behind a counter 5 to 7 days a week.  It is critical that you venture out and network with potential business-to-business buyers.
    READ MORE »
 

Contract Bidding Opportunities

Contract BiddingIt’s amazing how many small businesses are not aware of contract bidding opportunities or how to find them via the Internet.  No business owner starts a business with the vision of having it fail.  Don’t let looking at other revenue options only occurs when the business is already failing.  As long as money is coming in the door and cash register, an enemy called complacency sets in quickly.  Don’t let your business be another victim of failing to think outside of the box. Finding and pursuing contract bidding opportunities is a critical component to business sustainability.

READ MORE »