Very few small businesses hire a tenant representative to help them find the right office, retail or industrial space. Often a small-business owner doesn’t want to delegate the job. Or, they may feel the modest scale of their needs precludes them from representation. But the truth is tenant reps are equipped and eager to help virtually all businesses — often free of charge. And by handing off the process to a pro, small-business owners in particular end up saving many hours on a search process that can last anywhere from two weeks to six months. Those are opportunity costs that can quickly add up, and keep owners from daily duties related to their core business and competencies.
HOW TO UPSIZE gives you access to a wide range of how-to articles written by experts in areas critical to business growth. See below for brief descriptions of (and excerpts from) articles that are available to you simply by clicking-on as indicated. The category of articles in this section:
Management & Operations
According to the Association of Certified Fraud Examiners, more than 40 percent of frauds are uncovered through tips. Organizations should consider implementing a third-party anonymous reporting system for employees to report fraud, in either the form of an external hotline number or an online submission form that employees can use to report suspicions. Many third parties provide this service for a reasonable fee.
The human tendency is to only do things that come naturally and to engage in ‘magical thinking’ about everything else – - to think if you ignore something it will (magically) get done or cease to matter. Don’t believe in magical thinking, particularly around something as critical as building your customer base. You must find a way to do it all.
Is franchising perfect? It is not. However, the statistics do support the notion that franchising is a safer way to open a business than to go it alone.
Entrepreneurs are naturally optimistic and hard working, often believing that their sheer will and labor can overcome any obstacle. In truth, you need to understand the true value that your product or service brings to the market.
A family council is more than a reunion but less than a board of directors meeting. It’s a purposeful family business conversation about real issues impacting the family.
Working with partners, whether internal or external, who are experts in their fields keeps you from reinventing existing wheels.
Claims will occur. Managing them wisely will make a big difference on your premiums.
Outsiders on your board can provide experience and expertise that your organization may be lacking.
Any loss of revenue should lead you to reflect on one crucial question: How can I manage the sizable drop in sales volume?