How Does Weather Impact Your Business

We are all familiar with the impact of bad weather on travel, but have not thought much about how it can have an impact on small business. While weather may not have as much direct impact on small business it does affect them in several ways indirectly. For example, your property may suffer heavy damage during hurricane or your sales may take a hit during a snowstorm when majority of your customers will decide to stay home. There are number of other ways in which weather can have significant impact on your business. Take a look at the rest of the article to find out:

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Boost Business Performance by Using These Brilliant Strategies

The performance of your business is very important and plays a big role in developing a successful future. That’s why you have to do whatever you can to think about your business performance. What can you do to improve this? What is business performance, and why is it so vital to the future of the company. You’ll find some ideas and suggestions on here that will help you with that.

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How Can Your Business Benefit from Analytics

SEO and analysis
Data analytics has taken the business community by storm recently. The rise of powerful computers as well as the amount and variety of data being generated has helped businesses of all types and sizes gather insight into many aspects of their business like never before. These days Google and Amazon can tell you what you will need or where you are likely to go for vacation even before you know it. When done right analytics can help your business grow sales and improve efficiency significantly.

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How to Use Data Analytics to Effectively Manage Loan Portfolio

Data Analytics
Data is the lifeblood of nearly every business. In the financial world, data is the primary reason companies succeed. This is why so many credit unions are using data analytics tools to help them improve their lending performance. If you are involved in credit union lending, you might benefit from the use of lending software. According to, lending software can provide you with important data that helps you manage your loan portfolio. Read on to find several ways in which data analytics can help improve the performance of loan portfolio.

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How a Motivational Speaker Can Help You Retain Top Talent

Motivational speaker
In today’s competitive business environment, recruiting the most talented employees is hard enough. Holding on to them is even harder. As time passes, employees may naturally begin to lose morale and energy. Productivity drops and so do profits. But you can change all that by planning regular seminars with motivational speakers.

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Small Biz Owners – Do You Manage Performance or Just Monitor It?

Do you manage performance or just monitor it
You cannot improve something that you don’t measure.” This is the mantra many leadership coaches have preached for number of years, and for the right reason. If you do not know how your business is performing you are practically driving the car without a dashboard. Anything can go wrong along the way and you wouldn’t come to know about it before it’s too late. That is why performance monitoring should be integral to running a business for any leader.

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Tips to Organize Business Finance Weekly to Enjoy Long Term Benefits

Tips to organize business finance weekly

Most entrepreneurs think that adequate finance is the key to success in business. But that’s not true! It is actually the business owner who is the key because it is she or he who decides how to ensure adequate finance for proper functioning of the operations. In order to ensure this sufficiency, it is vital to keep the financial records up-to-date as well as organized so that it becomes easy to track. So, here are some tips for you to follow on a weekly basis so that you can better understand the financial status of your business and maintain it smartly.

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SohoOS Provides Free Tools for Small Business Owners

Those who are regular readers of this blog know that I am a big supporter of small businesses many of whom feel that they are at a disadvantage when competing with large corporations. I firmly believe that not only can small businesses compete with their larger rivals,but can beat them at their own game. We showed some of the techniques you can use to beat large competitors in earlier post.
In my view large corporations gain advantage against smaller rivals with economies of scale and having better access to capital and business tools. However, the Internet is changing the playing field in favor of small business owners. SohoOS is one promising start-up that aims to level the playing field in the area of business tools. SohoOS shares our vision of helping small business owners effectively compete with and beat their larger rivals who hold unfair advantage.
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5 Warning Signs that Tell you if your Business is Headed for Trouble

I didn’t know we were in such a bad shape! How could this happen?” How many times have you heard this from a small business owner whose business is shutting down? For small business owners it is imperative to stay on top of the business like a hawk. Otherwise it is not surprising to wake up one day and find that you are not able to pay your employees or make interest payment to the bank.
We mentioned in earlier post that you have to be able to tell how your business is doing even when someone asks you in the middle of the night. We suggested that you identify key parameters for your business and look at daily, weekly and monthly reports.
We have been asked by number of small business owners if there are simple warning signs that can tell them if the business is headed for trouble – something akin to early warning system. In response, we have come up with 5 metrics that can tell you exactly that. By keeping a keen eye on these metrics you can detect potential problems well in advance and take appropriate actions to correct the path.
Here are those 5 metrics along with explanation of how to calculate them:
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How to Combat External Forces Working against Your Business

In the previous post we highlighted external market forces that can drive you out of business if you are not careful. The changes in economy, competition and consumer habits have hurt many small business owners in the last few years and can bring down sales and profit for your small business too.
To be fair, these external forces impact both large and small business alike; however small business owners feel this impact in a more profound way. Also, the small business owners can feel the impact very quickly. After all, unlike large businesses they do not have large financial cushion to withstand the impact. They also have their personal and business lives intertwined with the business. This will make it hard not for themselves; but also for others around them, including spouse, children and friends.
How can small business owners prepare themselves to be able to withstand the impact better than their peers?
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