Workplace safety is an integral part of running a small business. Injuries and other emergencies can all have damaging effects on a business, so it is important to prepare for any potential hazardous threats.
Forecasting is a valuable, sometimes overlooked, part of small business ownership. Business forecasting helps small business owners predict growth and identify where to tighten up expenses or work to expand sales.
It isn’t always easy for a small business to get started. Fledgling small businesses lack the buying power of their larger competitors, which means that small businesses are paying suppliers higher prices for their goods.
Sometimes businesses may have a good product, a great team and loyal customers – and still fail. One of the reasons that this can happen is because a business owner did not consider key legal questions when starting out.