Everyone has experienced a financial shock, if not in business certainly in their personal lives. An unexpected car or home repair are common examples. In business, a financial shock can come from things close to home. These might include, a sudden need to repair or replace equipment, a vendor raising their prices, damaged inventory, or […]
Running a small business and thinking about your next expansion move? Equity financing can be one of the most beneficial ways to obtain a large injection of capital without the need for loans from banks or other conventional lenders. In equity finance, you sell a percentage of your business to an investor who in return […]
When customers owe you money, trying to collect those debts by yourself can be a huge challenge. Not only is it time-consuming to track down delinquent payers, asking clients for the money you’re owed can lead to some very uncomfortable conversations. If outstanding debts are regular source of stress in your business, you might want […]
Running a business takes a lot out of a person. Financial, mental, emotional, and physical stresses can drain you really quickly if you aren’t careful. One issue many small business owners run into is that they spend so much time taking care of their business, they forget to take care of their own mental health. […]
Over the next few weeks at Get Rich Slowly, I plan to ramp up the production level once again. I’m not going to return to the pace of one article per day that I was maintaining at the start of the year, but I’m not going to rest at two articles per week like I […]
What is your favorite employee engagement method? Does it involve giving them a special paycheck for their performance? If it does, you may want to reconsider your methods. While this may sound surprising, financial rewards are not as high on the list of effective employee engagement tools. Being happy with a job now depends on […]
Conflict is inevitable in the workplace. According to one study, U.S. employees spend 2.1 hours per week involved in workplace disagreements that disrupt the flow of work, stifle creativity, and prevent collaboration. No matter what causes these conflicts — from differences in opinion and ideals to perceived feelings of disrespect — you can handle them […]
Have you ever met one of those people who knows how to make time for almost any activity? They complete their tasks during their working hours, and yet always have a few minutes to hang out at the water cooler. It seems that their private lives are also well-organized. They travel regularly, go out every […]
Ah, can you feel that? The end of June is approaching, which means it’s time for the summer weather pattern to descend on Portland. There are clear skies and plenty of sun sun sun in the forecast. Feels like the perfect time to play hooky, no? I’m taking this week off to enjoy the sunshine […]
In the corporate world, employee handbooks are pretty ubiquitous. Nearly everyone who starts a position at a large company is given a booklet, packet, or online manual to peruse on their first day at the office. However, when it comes to small businesses, employee handbooks may be completely absent — job parameters and company policies […]
Sales figures, inventory tracking, customer retention, ad performance — as a small business owner there are countless metrics and statistics you’re expected to track. While each measurement serves a unique business purpose, having too many metrics can be overwhelming. To avoid “paralysis by analysis,” you need to identify which metrics are the most important to […]