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Category: Operations

The holiday season is an especially fun time to be part of a women’s clothing store; both the clothing and the accessories magically transform from ordinary, to extra special during this season. As a store owner, you need to make the holiday shopping season fun and easy for your customers. With some simple preparation you […]

Increase Profits - 5 Strategies

So, you’ve decided that you want to grow your business. Will you do it by increasing sales; increasing profits; or both? Only you can thoroughly assess your situation and decide which strategies are best for you or create unique ones based on you and your business, but here are some ideas. If you want to […]

3 Ways to Improve Your Cash Flow

In part 1 of this post, we looked at the 5 Factors that Impact Your Cash flow. Now, let’s review some strategies for improving your company’s cash flow: 1. Look at your assets Review your inventory management system. Is there room to tighten up, so you’re not sitting on large amounts of inventory or carrying […]

Cash flow is all about timing

Every business will experience the need for more cash from time to time. The key to improving your cash flow is to accelerate your inflows and delay or reduce your cash outflows. In other words: make sure more money is coming in than going out. It sounds easy, but there are several factors at play. […]

(Photo credit: Unsplash, Sergio Souza) Modifying, improving and refining your systems is an essential practice in keeping your business running smoothly. If you’re finding that your business systems aren’t operating as well as they used to, it’s time to refine them. Perhaps you’ve grown considerably in the last year, or hired new staff. In the […]

( Photo by rawpixel on Unsplash ) Having an operations manual makes your business more scalable. Period. Simply put, you cannot step out from working in your business until you properly document how you run your business. As you transition from being solely owner-operated you should consider how you will teach your staff to greet your customers, make […]

Picture of child with rock

Sole proprietorships, general partnerships and corporations aren’t your only options when you’re considering the right structure for your business. If you’re exploring social entrepreneurship, you may have heard of Co-operatives, Community Contribution Companies (C3 or CCC), Not-for-Profit Societies and Charities, but how do they differ and which one is right for you? Read more to […]

Unbelievable as it may sound, many small business owners do not have a business operation manual. A business operation manual is of utmost importance for the success of your business and having one may add up to more than 25% to the value of your business. The secret to putting together a good operations manual […]

Last month I stepped away from my desk for a short time, leaving my phone in plain sight. During my brief absence, someone stopped into the office to ask for directions and left with my phone. It took a while for me to notice it was gone, but when I did, panic set in. After […]

In my last blog, I discussed how to protect your family and business with life insurance. Here are two more ideas for you to build a strong safety net. Idea #2 Protect yourself with Disability and Critical Illness insurance Disability Insurance (DI) and Critical Illness insurance (CI) are complementary types of coverage, and are often […]

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