It is no secret that the economic landscape before us will challenge many small businesses and organizations in our community. A closer look at your financial situation may uncover significant changes needed or new opportunities as you look at ways to sustain operations and deliver value to stakeholders. This article aims to help leaders explore steps to take prior to and during an economic downturn to build resiliency in operations while navigating a tough economic climate.

Entrepreneurs often get excited about the prospect of starting a new business. So much so that they usually hop right in, with very little knowledge of what is expected of them. Whether you are a chef opening a restaurant or a stay-at-home parent starting an in-home day care, there are certain dos and don’ts you should know about. This article aims at helping individuals who are experts on what they are selling but may not have the business knowledge to match. These tips will give you the foundational knowledge you need to start your business on the right track.

The word “budget” sometimes has a negative connotation. If you’re on a budget, it often means that you are restricted to a certain level of spending or that you are bound by certain parameters. And while this is often the case, it really makes sense to shift that thinking and consider your budget as the financial plan for your business.