Financial decisions can make or break a business, supporting success or burying a company in bills. Poor planning, lack of capital, and bad management are at the top of the list of reasons businesses fail. Fortunately, your business success can be bolstered by sound financial strategies and excellent planning. Here at Business Success Consulting Group,…
As your business grows, so must your processes and systems. Incorporating policies now that help your business as it scales throughout the year is a vital way to keep your company growing. Business Growth Do’s and Don’ts Most companies want to grow, but not all know how to do so successfully. Below are strategies for…
Every successful business leader has a shared skillset. Whether you are an entrepreneur, a business owner, a member of leadership, a team lead, or an employee aspiring to move up the ladder, it’s crucial to develop proficiency in leadership skills. The first step in this development is identifying necessary attributes and practicing each until you…
Marketing is a vital part of any business strategy. Now that it’s halfway through the year, it’s time to review your marketing practices and consider updating some of your overall processes. 16 Marketing Updates There are hundreds of actions you can take to change your marketing strategy. For example, your team could decide to go…
A business cannot grow without hiring and training employees. Additionally, particular hires don’t always work out, necessitating well-defined firing policies that benefit the company and contribute to its expansion. Gauging when it’s time to hire, fire, or train employees can be extremely difficult. That’s why we advocate for the establishment of clear policies at the…
Executives often face long hours and constant pressures. This unending strain can cause burnout, leaving business leaders feeling listless, exhausted, and uninspired. Every business needs strong leaders at its head. That means cutting down on stress and preventing burnout is vital. How To Avoid Burnout Executive burnout is almost exclusively due to stress. So, while…
Customer needs are simple to define but may be more challenging to fulfill. Most customers simply want: a) Great service. b) Delivery of promised product or service. Different companies fulfill the above needs with varying degrees of success. Some go a bit over the top, others provide no or terrible service, but many are able…
Every entrepreneur needs a vast support network. The mentors, coaches, consultants, and industry leaders you meet can all provide needed support during and after a business launch. However, with much of our communication occurring in digital spaces, it can be more difficult than ever for business owners and entrepreneurs to form real connections with other…
The short answer to the question: “Do incentives improve performance in the workplace?” is “Yes.” Rewarding excellent work with money, perks, healthcare benefits, and more all improve employee performance and often boost company profitability. The idea that employee incentives will increase profitability often has business owners scratching their heads. Some believe that a larger payroll…
Whether you own a small business or have formed a large corporation, the chances are that you delegate specific tasks. A business owner cannot do all things, all the time. Even sole proprietorships often outsource their accounting or tax work to a CPA, and larger companies employ full-time individuals to take on the increased workload.…