If your online security system isn’t top-notch, then your business is at risk — it’s that simple. Moreover, cybercriminals are as devious as they come, which is why your cybersecurity matters so much these days. Here are some helpful tips on how to stay on top of your security, courtesy of Portfolio Management Group. […]
For small businesses, it’s crucial to have a safety net in place in case something goes wrong. Unexpected problems can arise at any time, and if you’re not prepared, they can quickly send your business into a tailspin. From the Portfolio Management Group, here are some tips on how to create a safety net for[…..]
For business owners with a national presence, owning homes in multiple states can allow you to attend to company matters on the ground wherever your business operates. But managing several properties while running a business can put a lot on your plate! With support and guidance from Portfolio Management Group, you can prioritize sustainable business[…..]
Most startups in the US never survive past their first birthday or fail before hitting the five years milestone. You might have a perfect idea that solves a market problem in the right location in Tampa, but without a proper game plan, your business could fail before its maturity. At Portfolio Management Groups, we help[…..]
As a small business owner, you may want to consider taking advantage of outsourcing to help expand your reach. But what exactly should you outsource? Below, Portfolio Management Group discusses helpful tech-related tasks that can help your small business thrive, and which business formation structure is most suitable to you. Helpful Software You Could Use[…..]
Starting a business in a new country can often be risky, stressful, and even dangerous, yet a 2019 survey showed that immigrants make up almost 22% of the entrepreneurial population in the U.S. While the reasons for starting a business in an unfamiliar setting are varied, there’s no denying that the outcome has been successful[…..]
As businesses incorporate an ever-increasing number of digital technologies into their day-to-day operations, some employees may feel less essential when some of their tasks are being taken over by machines. That feeling leads to decreased engagement and a more apathetic workforce. So how can you boost employee engagement while implementing new digital solutions to help[…..]
Buying an established website can save time and money and provide a fast return on investment. -An article presentation from Portfolio Management Group[…..]
Does your business no longer feel like the “baby” it once did? Perhaps it’s grown so much that you’ve decided to hand it off to someone better suited to handle the intricacies of a larger corporation, or maybe you just got a great offer. You might even want to sell it in order to retire.[…..]
Are you working as a solopreneur or gig-economy freelancer? With the right business, you could potentially work from anywhere. Whether you want to travel around or resettle in a new location, 2022 could be the year for new places and new adventures. Today, Portfolio Management Group offers the following suggestions on where you could visit[…..]
There are few jobs more rewarding—and more challenging—than running your own business. Seeing your idea blossom from its inception is an incredible experience. However, sometimes you encounter roadblocks along the way that stop your company from reaching its fullest potential. Oftentimes, these roadblocks come down to—or could be avoided if not for—poor financial management. That’s[…..]
Healthy companies tend to grow with time. Your small business may be thriving until your customer base reaches a point where you need to expand. That’s a good thing—as long as you do it strategically. Many factors play into a successful expansion, and you don’t want to drop the ball halfway through your big transition.[…..]
Setbacks in your business can be scary but don’t let them crush your entrepreneurial dreams for good. Instead, reassess and regroup making strategic moves toward the future you desire. Consider this list of steps from Portfolio Management Group for getting you and your business back on the path to success. Know Your Strengths When starting[…..]
As a new entrepreneur, it’s easy to become overcome with excitement for the future. While being optimistic about your business idea is a good thing, letting it cloud you from the realities of the undertaking isn’t. Accidentally overlooking business expenses that typically come with launching a venture can be catastrophic, potentially causing your business to[…..]
Many small business owners in America underestimate the power of the immigrant workforce. Immigrants have already made sacrifices to move to another country, often with the sole goal of making a better life for themselves and their families. This makes them adaptable, motivated, and hard-working. Plus, contrary to popular belief, research shows that immigrant workers[…..]
Portfolio Management Group 2022 is the year you’re finally going to fulfill your dream of launching your own business or proactively growing the one you already have. It’s an exciting time, full of promise and possibilities. Unfortunately, there are also some pitfalls. The U.S. Bureau of Labor Statistics reports that approximately 20 percent of new businesses fail[…..]
No matter what industry your business is in, cash is important. Having sufficient cash on hand to cover your expenses is essential. To ensure this, you will likely want to improve your cash flow. There are many factors that can impact cash flow, thus there are many ways to enhance it. The following suggestions from[…..]
As of 2020, about 36 percent of the U.S. workforce participates in remote gigs, and there are 10 million more freelancers working than in 2015. There are several reasons why the freelance market is growing so much each year. For one, it saves small businesses a significant amount of money, as there is no overhead,[…..]
While we are all sick of hearing about Covid and its variants, we must accept that Covid 19 has changed the professional landscape. Any business that is customer-facing needs to create long-term strategies for customer and employee contact. Your business should comply with all legalities before allowing anyone onto the premises, even if you work[…..]
Are you wondering how your company can attract and retain talent without spending a fortune? Employee benefits don’t have to be monetary to be valuable. When you’re looking for cost-effective ways to cultivate loyalty, think outside the box. These creative employee perks and incentives make your company a great place to work without burdening your[…..]
Getting paid by your customers is critical to maintaining the cash flow and overall financial health of your business. While it may not seem like a big deal to have one or two overdue bills, failing to address late payments can lead to devastating consequences for your operations. Fortunately, there are tactful ways to get[…..]
If you won a Harley Davidson, what would you do with it? Craig Daley sold it–and started a new life. Committed to the new ideas he had for a traditional market, Craig’s first foray into direct mail marketing was funded by that motorbike sale–much to his huge success. Believing in the power of looking at[…..]
– by guest author Derek Goodman of Inbizability. Photo credit: Unsplash Entrepreneurship is a career founded on passion and risk-taking. Unfortunately, this means that sometimes the business you believed in still didn’t take off. Seeing a cherished idea fail can be challenging, but it doesn’t have to be the end of your entrepreneurial career. The important[…..]
-by guest author Brittany Fisher Photo by Monstera from Pexels When managed carefully, debt is a powerful way to raise capital. Governments and large corporations borrow money all the time to finance growth and expansion. You can also take a line of credit or a business loan to help your small business meet some financial[…..]
Most entrepreneurs are adjusting to the “new normal”, and the way they restructure their business to respond to the ramifications of the COVID-19 pandemic will determine whether they will sink or swim. One of the main challenges that entrepreneurs face is the unprecedented shift to a remote working structure. Here are three tips for managing[…..]
Small businesses are among the hardest hit during the COVID-19 pandemic. While this is not necessarily a positive thing, something good came out of this – many small business improvement consulting services started supporting these struggling companies by giving their expert advice for free. For instance, a question was raised on Twitter recently about tips[…..]
Some people opt to purchase an existing business, allowing them to avoid the challenges of the startup period. There are a lot of advantages to buying a business instead of building a new one. However, there are also certain risks involved. Asking the right questions is an important step when you’re considering acquiring a business.[…..]
The worldwide pandemic has brought a wind of change and uncertainty in the business arena. This has forced business owners to lose focus on their goals and be sidetracked with a lot of concerns and issues. There is always that anxiety that the situation will not be better and the fear of failure. However, those[…..]
One of the most crucial challenges of small business owners is recruiting great employees. According to several small business consultants, demographic trends point to the shrinkage of high-quality employees, making it all the more important to look for top-notch talent who will help you grow your business. Here are some sure-fire ways to increase your[…..]
Many moms and dads choose to stay-at-home because they are being mindful of their budgets, but that doesn’t mean that these parents have to miss out on earning extra income. With a few tips and essentials, it’s actually pretty simply to add to your savings without sacrificing your budget or schedule. So keep on reading[…..]
Starting a small business or striking out on your own can have many important benefits, from the ability to chart your own path to the chance to escape the drudgery of 9-to-5 work. But starting a business is a complicated matter, one that must be taken very seriously. Rushing to get your business up and[…..]
Freelancing income totals almost $1 trillion — or nearly 5% of GDP — more than major industries like construction NEW YORK and SANTA CLARA, Calif. – October 3, 2019 – Upwork ($UPWK) and Freelancers Union today released the results of “Freelancing in America: 2019” (FIA), the most comprehensive measure of the U.S. independent workforce. The sixth annual study, which[…..]
– adaption from The HR Specialist, Business Management Daily, March 4, 2019 It doesn’t take much to trigger a lawsuit. Even the simplest management mistake could send an employee off to see a lawyer. And whether you win or lose a suit, you’re out time and money. 1. Sloppy documentation. Most discrimination cases aren’t won[…..]
Operating a Small business consultant can be an immensely rewarding experience, both personally and financially. However, there is always the risk of making mistakes that can impact your bottom line or even tarnish the reputation of your business.Below are some strategies (from US small business consulting firms) that every entrepreneur should know in order to push[…..]
Every entrepreneur dreams of taking their business to the next level. However, it is not easy to do because there are many factors at play for your success. Here is some information to know if you want to ensure the best chances of success for your newly started business with our Business Startup Consulting Services .[…..]
Business plans are crucial to getting your ideas out there and getting funded. Unfortunately, just because your business plan is being circulated to investors doesn’t mean it’s getting read. Think of it like a resume. If your business plan doesn’t have the right content or the correct format, the investor will easily pass on it. Some[…..]
Business plans are crucial to getting your ideas out there and getting funded. Unfortunately, just because your business plan is being circulated to investors doesn’t mean it’s getting read. Think of it like a resume. If your business plan doesn’t have the right content or the correct format, the investor will easily pass on it. […..]
In the previous two parts of this series, we’ve discussed the benefits of outsourcing in times of need at your company and how it can provide stability. As an often-underutilized resource, interim executives for portfolio companies and CEO’s should be used in ways that further your company’s goals. In our final part, we will discuss where[…..]
In Part 1, I discussed the idea of using interim executives/CEO’s to stabilize and maintain operations when there is a leadership vacancy. Here, we look at how best to use this type of talent in your own situation. So you’ve made the leap and decided you are going to bring in an interim C+-Suite executive[…..]
A cash flow statement is about documenting where the money is going in your business and whether you’re making a profit or suffering a loss. Small Business Trends contacted a variety of experts to get the lowdown on how to calculate cash flow and prepare a cash flow statement which combines the numbers from any[…..]
Part 1 of 3: interim management services/Interim CEO Many of you have heard me bang my drum on outsourcing so I wanted to focus on a growing segment that is often underutilized. We see it a lot in health care and even more so in the UK, so this is Part 1 of a 3-part series[…..]
The third wave of outsourcing will expand economic opportunity across the globe and totally change the nature of work. Since World War II, trade and technology have been expanding rapidly. Increased technology has led to increased trade, which spurs increases in technology and contributes to a constant fear of outsourcing. As technology progressed in the[…..]
Author: Craig Daley Principal, Portfolio Management Group No manager enjoys having “the talk” with employees. But ignoring an employee’s poor performance won’t make the problem go away; it’ll only make things worse. Companies that tolerate poor performance will drive away top performers who are unhappy working in such an environment. The solution: Approach workers about[…..]
Interim management is a new-age solution to help you meet talent needs in todays dynamic business environments. The business environment today is highly uncertain. Sudden exits at middle and senior management, unpredicted ramp-ups to meet growth, and special skill requirements for a temporary period are raging realities. The talent acquisition strategy must mould itself to[…..]
If you own a small business, the end of the year may not be all sugar plums and lollipops if you’re not planning properly for 2019. Financial tension is an experience that a lot of small businesses go through, mostly in the first few years of their inception. You must have heard about the housing[…..]
Starting up a new business and taking it from rags to riches seems to be on the agenda of every new entrepreneur today. The dream of making millions from an idea that you had one Sunday morning when walking the dog is exciting and promising. The market is full of such successful models and there[…..]
Today’s generation of investors is full of young entrepreneurs who are eager to start a small enterprise from scratch. With the plethora of new-born companies one has to wonder if purchasing an up-and-running startup company isn’t more profitable than starting your business race from square one. However, there are hidden dangers of buying a small[…..]
The end of the third quarter of 2018 is just around the corner, and we are in a safe position of evaluating what this year has meant for small business owners so far. Over the past few months, I have had the pleasure of talking to CEOs and entrepreneurs from various disciplines. What I discovered[…..]
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