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Should you use a group buying site like Groupon for your small business? They seem to be everywhere now, with new ones popping up all the time. Before jumping on the group buying bandwagon, consider the following: 1) Make sure that you can break even Some of the biggest horror stories are about small businesses […]

Many small businesses think they can easily maintain their own books. However, doing journal entries is certainly not fun. It is also waste of an entrepreneur’s precious time. Hiring a bookkeeper is an important decision for your business. A bookkeeper is a key part of your management team. Before you hire, ask yourself:Do you only […]

Organization is essential for business success. It starts with first identifying what is important to you, then prioritizing into categories. Whether it is business, personal, club, or group, you will have more clarity for decision making with surroundings that are fully operational. Your documents will be readily available at your fingertips to develop a plan, […]

The ability to follow-up effectively with potential customers and referral partners is key to the success of a small business. Create a standard follow-up guideline– Follow-up with potential customers and referral partners within your standard guideline – will it be 1 day, 2 days, or 3 days? If you wait too long, people will not […]

Retail is all about your unique brand. Once you have decided on a concept, completed your business plan, signed your lease, and placed orders for stock to fill your store, the actual day-to-day running of the business can seem like a blur. Taking time to regularly re-visit your brand will keep you focused and increase […]

Unlike full-time employment, many small business owners do not have the luxury of calling in sick as their business operations depend on their presence. Some emergency planning ahead of time will ease the anxiety when life happens and you need time off work. 1. Have someone (or several people) who you can rely on to […]

Getting involved in the community can be a win-win situation in business. You showcase your business as being “socially aware” and you feel good about it. The most important thing for a business to remember is that most customers buy from people they know, like and trust. Creating a “community” and interacting with that community […]

Few businesses are lucky to be so unique that media naturally gravitate to them on a regular basis. For the rest of us, it requires a bit more knowledge and skill to practice good media relations. The CNW Group recently hosted a panel in Toronto with three online experts. They provided some valuable tips on […]

Human resources is part of the larger business strategy in a small business. Recruitment and employee training has to fit in with the business culture. There are several points to consider while deciding on the HR strategy for your business. 1. RecruitmentKnow what you are hiring for. Use lots of behavioural interviewing questions – otherwise […]

Strategic alliances can lead to business growth when business owners rally to achieve a mutually beneficial outcome.  One recent tourism industry success story is of sixteen operators downtown Nanaimo that came together under the banner of the Painted Turtle Guesthouse’s ‘Stay & Save’ program to increase overall visitor numbers, increase local visitor spending, and increase […]