What financial statements do I need?

As a small business consultant, I am frequently asked what are financial statements and which ones do I need? It …

UMW Eagle Innovation Business Pitch Competition awards $3,500 to student entrepreneurs

Congratulations are in order for the three student entrepreneurs selected to receive seed capital for their businesses and business ideas …

Top Technology Choices for a Small Business

Trying to keep up with continuously changing technology can be difficult. I am always looking for solutions to improve my …

Should I hire family members to work for me?

As a small business consultant, I occasionally get asked, “Should I hire family members to work for me?”  When you …

Exit Strategy: What is your plan for your business? 

As a business consultant, most of my conversations with small business owners are both exciting and stress-inducing. Most small business …

6 Potential Challenges When Running a Small Business

Running a small business is not a walk in the park. When I started my staffing agency five years ago, I truly had no idea what I was getting myself into. Certainly, I anticipated demanding …

5 Steps to Determine your Market Potential

Market potential is a crucial element in the business planning process.  It will help you estimate the amount of money …

Four Ways to Express Appreciation to Your Employees during the Holiday

There’s no question that this has been a tough year for everyone. It seems that as soon as we see …

Tips to Stay Ahead of Recruitment & Prevent the Great Resignation

According to the Job Turnover and Labor Survey from the U.S. Bureau of Labor Statistics (Oct 24, 2021), over 4.2 million Americans quit their jobs in August …

Tips to Make Your Cash Register Ring for the Holidays

The Holiday Season is almost here. For some consumers and retailers, it has already arrived. Below are a few tips …

Small Businesses: Get ready for the Holiday shopping season

Are you ready for the Holiday shopping season?  Your customers are ready to shop, and you need to be ready …

How can the 80/20 Rule help grow my business?

20% of companies’ products represent 80% of their sales. 80% of pollution originates from 20% of all factories. 20% of …