OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Keeping Your Small Business Growing
November 21, 2016 by Ed Becker
In the last article, we discussed how small businesses can become stagnant. We shared several of the most common reasons and possible solutions. This week, I want to discuss what you can and should be actively doing to keep your company growing consistently. Even if growth is in small increments, if it is consistent and […]
When Is The Last Time You Ran a Business Budget & Forecast For Your Small Business?
November 18, 2016 by Ed Becker
It is shocking how many small businesses do not have a clear, written budget or business forecast. Or if they do have it, it was done once and never looked at again. This can be fatal. Your budget and forecast for the company should be done annually at the end of your fiscal year. It […]
Is a Lack of Written Processes Making Your Small Business Inefficient?
November 16, 2016 by Ed Becker
Written processes need to be in place in order to delegate appropriately to the team, to monitor and evaluate tasks, and maintain consistent business and team growth. The processes are taught to the team for purposes of understanding their responsibilities, and accountability to complete them. If your processes are in writing, anyone can refer to […]
Are You Making Excuses for Your Small Business?
November 14, 2016 by Ed Becker
Do not make the mistake of living in denial. Be brutally honest when looking at the numbers. Stay on top of continued growth and new business. Don’t make excuses about the market or competitors, etc. Find the flaws and fix them. Part of our Is Your Small Business Stagnant? series.
Do You Have Enough Hustle To Grow Your Small Business?
November 11, 2016 by Ed Becker
As small business owner, you must not ever stop the hustle. In general, 25% of time needs to be spent on seeking new business. Never delegate all new business to the sales team, they are not driven by the same motivations. Your motivation is the business as a whole; employees may be driven mostly by […]
Do You Delegate Enough In Your Small Business?
November 9, 2016 by Ed Becker
Now there is delegating too much or delegating the wrong tasks to the wrong people, as well as, not delegating enough. If you are still trying to “do it all” while having a team in place, this can stunt your company’s growth as quickly as delegating too much. There is a fine balance when it […]
Does Your Small Business Lack Innovation?
November 7, 2016 by Ed Becker
Once a business niche has been carved out, stepping back and expecting to ride success at the same level is not recommended. A healthy business continues to grow, analyzes and filters feedback to stay on top of the newest technology and services that can be provided to customers. Part of our Is Your Small Business […]
Is Your Small Business Stagnant?
November 7, 2016 by Ed Becker
Small businesses will always have ups and downs, growth spurts and plateaus. But at some point it could become stagnant, which then could lead to decay. This is something that you as a business owner may not see in time to nip stagnation in the bud. By going unnoticed or being ignored, things […]
