Best Practices

two people discussing data in business review

3 Tips for Conducting Mid-Year Business Review

Learn how to get your business back on track and finish the year strong.

2020 has presented a multitude of challenges that can throw your business off course.

Although the economy has begun reopening and things are shifting towards a new normal, there are still many unknowns. Many leaders are still operating in the grey, and as some states are seeing a backslide of COVID-19, the road ahead may remain unclear. 

As a result of the unprecedented year, many business owners needed to adjust their original goals for 2020. Fortunately, when things go awry, it’s almost always possible to problem solve and get your business back on track for a successful future.

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woman conducting an in-person interview

Develop a Recruiting Strategy to Scale Your Business

Fill your business with top talent by learning how to create a strong recruiting process.

As an entrepreneur, the idea of growing your team can be both exciting and terrifying. On the one hand, it’s exciting to have the resources and budget to bring on new team members, but on the other hand, your business is your livelihood — and you can’t afford to make a costly hiring mistake.

The recruiting and hiring process isn’t cheap. In fact, on average, it costs more than $4,100 to hire a new employee. And when you consider the time of onboarding and developing a new employee and the cost of potentially losing that employee, it makes it even more critical to ensure you make the right hiring decisions upfront.

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male entrepreneur going over sales and revenue metrics

Building a Scalable Sales Process

Learn to create a sales process for your team to convert a lead to a customer.

At any stage of your business, whether you’re just starting or you run a fully established organization, the success of your business is highly dependent on the success of your sales team.

After all, new business is what keeps the engine running.

A robust sales process can be a key driver in helping you to achieve your business’ sales and revenue goals.

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entrepreneurs checking business financial reports

Build a Strong Financial Foundation for Your Business

Learn the keys to building a strong financial engine to manage and grow your business.

The key to running a successful small business is a solid financial foundation. 

At any stage of your business, whether you're just starting or you're a seasoned entrepreneur, there is a direct correlation between having a firm grasp on your financials and running a profitable business. 

However, most entrepreneurs don't go into business because they are passionate about financials. Managing the financials is often the least exciting thing about running your own business. As a result, many owners avoid digging into their numbers and instead focus on other areas of the business. This is a mistake. Even if your business excels in other areas, you must stay focused on managing your company's cash flow to avoid jeopardizing everything you've worked towards.

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