Not it will not. First, be aware that all small firms should have at least a general liability policy to protect the firm in its general practice even if there is no office or retail location with public traffic. Some small firms should even consider professional liability or errors and omissions policies where they might apply. If you are unsure what type of insurance you need, let us know. We can connect you with experts ready to help.
Despite popular belief, all small firms should have legal counsel available to assist them from firm concept through growth phases, particularly in the areas of risk mitigation and contracting. Have you ever gone into business with a family member? What happens if you get divorced or if a partner unfortunately passes away? While we never truly want to think about any of these negative impacts when making our dreams come true, these realities are essential in the planning and growth of any small firm. Get legal assistance today! We might even have financial assistance to assist you in doing so. Let us know if you need help.
There are many reasons investors are looking for small firms to invest, most of which is based in technology startups. If you are working on the next technology solution, APP, software solution, enterprise solution; investors may want to assist you in the short term. Let us know.
The Leadership Challenge by Jim Kouzes and Barry Posner outlines six modules on how to effectively lead like a Fortune 500 company. I’ve had the pleasure of working with this program through the Baton Rouge Community College through a grant provided through the Louisiana Workforce Commission. If you are interested in growing leaders not employees, reach out.
Training is the cornerstone of growth for any firm; any size. How often do you commit to providing training and development for your employees? Do you talent plan? Succession plan? Have you completed a competency sort for all your job descriptions to assist in finding and growing good talent? How do you handle disciplinary action for employees? Incentives? Bonus plans? If any of these are topics you have interest, please let us know!
Wrong! Studies show that producing new sales is not the best way to grow revenues in today’s highly competitive and specialized market. The way to a stronger bank account is to practice CRM strategy.
What is CRM Strategy you ask? Customer Relationship Management is the answer. There are numerous methods to explore relationship growth to mine additional revenues from your own clients. CRM can be time consuming but with the right software, you’ll find that it can be managed quite effectively. How have you used CRM to grow revenue?
There are numerous programs to assist you in a technical training area. Are you an expert in using social media to grow your business? Do you want to meet with one to assist you? Would you like help in doing so?
Business owners often need to take the next step in growing their businesses and that means a need for capital. There are numerous types of lending organizations available to small firms. Microlenders have grown popular in the past decade with its sole purpose to help microbusinesses. Are you in need of lending capital to grow your small firm?
Many business owners are keenly unaware of the services that are available to them in their communities. In fact, the SEBD program supported by LED has been in existence for over 25 years. Programs such as this and the others featured on our resources tab are all generally free and available during times that business owners can actually develop themselves. Take a look at the resources link to learn more. Do you need help?