In case you weren’t aware, March 2-8 this year is National Severe Weather Preparedness Week, which highlights the importance of preparing for severe weather before it strikes. Recent past history in the U.S. underscores just how critical planning ahead is for owners of small businesses who rely on them for their livelihood.
Managing a small business has never been more challenging. Writing a business plan, finding out where to go for guidance and information, and keeping up with new rules and regulations are just a few of the many issues entrepreneurs must deal with on a regular basis. The U.S. Small Business Administration (SBA) understands all this and has created a range of online tools to help small business owners like you plan, manage and grow their operations.
Small business retailers typically focus on things like finding the perfect location, stocking unique and interesting inventory, and hiring experienced and outgoing staff. But all that careful pre-planning can be for naught if they don’t get their store layout right.
Statistics confirm that employee theft is a considerable threat to small businesses. For example, according to StatisticBrain.com, the amount stolen annually from U.S. businesses by employees has hit the $50 billion mark, and the percent of employees who have stolen at least once from their employer is now 75 percent. Not surprisingly, employee theft is blamed for a third of all business bankruptcies.
With all the talk about social media marketing these days, many small business owners may be debating the merits of email marketing when it comes to attracting new customers. After all, deciding where, when and how to invest their customer acquisition efforts is critical to their marketing campaign. The findings from two recent studies may help them make an informed decision.