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October 1, 2020
We all know that 2020 has been a rough year. Regardless of how well or how poorly your business has fared through the pandemic, there’s been a lot of heaviness this year. Because of this, you might be thinking of treating yourself to that new expensive toy that you’ve had your eye on. I know it’s tempting to go out and buy that new boat so you, your friends, and family can spend your weekends soaking in the sun and pulling the kids around on the tube. Maybe you’re thinking of buying a new car or truck, or even a four-wheeler. But, is now the best time to make extravagant purchases?
September 22, 2020
Setting business goals at this point in 2020 can seem pointless. However, I was thinking about what 2020 has been like for business owners and I thought that this was a perfect analogy. Down here in the south, NASCAR racing is one of the more popular sports. Now, I don’t quite understand the appeal of watching cars drive in a circle for 3-4 hours but many people love to watch the races. Inevitably, when you have a bunch of vehicles traveling in a pack, at a high rate of speed, there’s going to be an accident. When there is a crash in a NASCAR race, they begin waving what’s known as the caution flag. It warns the other drivers to slow down while they get the wreckage cleared from the track. Even though you might have been forced to slow down, don’t stop!
August 11, 2020
Who would have thought that 2020 would bring about so many changes and challenges? Owning a business is already a difficult endeavor but when you add a global pandemic that causes a near-total shut down of the U.S. economy, well… let’s just say it’s not something that most of us would have volunteered for. Fortunately, the Small Business Administration has provided some assistance in the form of the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL). It has occurred to me that many financial experts have reported on the PPP ad nauseam, while the EIDL remains a bit unknown. Join me as I uncover some of the things business owners should know about the EIDL.
May 5, 2020
At this point, we’ve all heard about the SBA’s Paycheck Protection Program (PPP) that was rolled out as a part of the Cares Act. There’s even a good chance that you have taken part in this program. While the PPP has many potential benefits to business owners during the COVID-19 crisis, there may be some hidden dangers in it, as well. In today’s blog, I’m going to share some very important information with you. The purpose of sharing this with you is to inform you of some of the hidden danger business owners face with the PPP loan, and hopefully help you to avoid any troubles.
May 1, 2020
I love people. I enjoy encouraging them and helping them grow. Part of that is because of my personal faith and some of it is just who I am. Since the COVID-19 outbreak, I have grown to realize just how much I can’t wait to be around them once again. As I was reflecting on this, I began to think about today’s topic. As business owners, the people on our teams are our biggest asset. Although I truly believe that, I also understand that managing that team can be quite difficult, but also rewarding at times. That’s why I’ve put together five points every business owner should know for successful team management. As our teams come back online after the shutdowns, it is the perfect time to address older issues and start with a clean slate.
April 28, 2020
I am an avid fisherman and outdoorsmen. If it involves being in the woods or on the water, I am ready to go. As a fisherman, I learned very early on that different fish, waters, and even locales require different approaches. What works for bass fishing in East Tennessee doesn’t necessarily work when I’m fishing for trout in Montana. Depending on my goal, I need to change and adjust my tactics. The same is true in business. Sometimes, we need to change our approach in order to find success. In today’s business climate, more and more business owners are discovering that what worked before the closures may not work when they reopen their businesses. Recently, we discussed how turnaround management can help small business owners to form a new approach. Today, I’d like to dig a little deeper with 10 keys to getting off on the right foot when reopening […]