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What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

Maybe because they have often been called the backbone of the American economy, small businesses are among those with the heaviest burdens to bear. The sad reality is, some of these small businesses may never open their doors again. The odds were always difficult for small businesses even before the pandemic.

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When Should a Small Business Hire an Executive Team?

Up and Running

Think of it as an investment in your company — you’re dedicating resources (compensation) to highly skilled employees who will hopefully bring your business to the next level. Depending on your business, you may need an executive-level role unique to your organization — like chief creative officer or employee well-being executive.

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How To Negotiate with Vendors, Partners And Employees

YoungUpstarts

Not every entrepreneur or business owner is comfortable negotiating. Even so, it’s difficult (and perhaps impossible) to operate a small business or startup and not negotiate agreements with employees, vendors, customers, and others. Many dread the adversarial nature of negotiation. Never be intimidated.

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How to Use Strategic Partnerships to Grow your Small Business

Up and Running

Whether it’s sponsorships, co-branded products or exclusivity deals, for many businesses to grow a partnership is as inevitable as acquiring funding. But what if you own a small business? Does partnering with other businesses make sense? What are the advantages of small business partnerships?

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11 tips for reducing costs in small business

NZ Entrepreneur

With inflation reaching a 30-year high, small businesses across the country will be looking for ways to reduce costs amid cost of living and rising price pressures. New Zealand based businesses can search Find An Advisor database for accountants and bookkeepers here. Need to a find an accredited advisor in a hurry?

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10 Proven Ways to Grow Your Small Business

Up and Running

Having a vast range of employees that differ in experience, background, beliefs, and specialties bring new perspectives to the table that would be nonexistent without them. Additionally, as you look to bring on new employees, you’ll also want to focus on your current staff’s professional development. Showcase your expertise.

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8 Strategies For Sustaining Momentum In Your Startup

Startup Professionals Musings

Every new business I know dreams of building momentum in their business, where growth continues to increase, customers become your best advocates, and employee motivation is high. It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals.