5 Small Business Management Tips

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As of 2018, there are 30.2 million small businesses in the U.S. accounting for 58.9 million jobs in the country. It’s no secret that small businesses are a crucial part of the U.S. economy and their success should be important to us all.

Managing a small business comes with a unique set of challenges and opportunities. Often times, simply deciding which goals or tasks to prioritize can be a full-time job in itself. As a small business owner, you are probably under a lot of pressure with little room for mistakes. It’s easy to become quickly overwhelmed when managing the million different moving parts of a business but the good news is there are ways to make managing a small business easier. Here are five of our best small business management tips for juggling day-to-day operations.

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Managing Conflict in the Workplace

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Conflict in the workplace is inevitable, even with the most agreeable personalities. The average American spends well over 2,000 hours at work over the course of a year. When employees of various backgrounds and different work styles are brought together to work on the same project with the same goal, the conflict will be a natural byproduct. Not all conflict is bad, however, and all conflict can and should be managed and resolved. If handled correctly, confronting conflict head-on will result in a stronger culture and closer teams.

Interested in learning how to increase productivity amongst your employees? Read, “Increasing Employee Motivation.”

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4 Money Saving Tips for Restaurant Owners

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Get lean, get smart and get motivated! No, we aren’t talking about trimming your waistline—we’re talking about cutting costs associated with running your restaurant. While we don’t suggest implementing anything that could jeopardize food or service quality, there are four things you can do right away to reduce restaurant costs. Implement these 4 money saving tips in your restaurant, and watch the savings accrue!

Interested in learning about how to market your restaurant? Read these blogs:

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How To Retain Top Talent: 4 Helpful Tips

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Why do people quit their jobs? It can be any number of reasons, from non-motivational work to new opportunities elsewhere, to poor pay or lack of purposeful connection with the company culture. When a less than effective employee quits you might feel some relief, but when a truly valuable and well-liked employee turns in their resignation, it can really sting. The trick is to keep your employees happy and fulfilled at work to retain your top talent.

Are you a seasonal restaurant owner? Read, “How to Improve Employee Retention in Seasonal Restaurants.”

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Cyber Claims Digest for 2020 Planning

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This entry is part 30 of 30 in the series Data Security

Analysis of 2018 Cyber Claims Data by Society Insurance

Ransomware. Business email compromise. Spear phishing. This is the new language of business risk. Whether it’s a massive data breach that exposes customer information, or an automated ransomware attack that extorts bitcoin payments from a small business owner, the cybercrime wave continues to swell as the cybercrime economy becomes more sophisticated.

The threat of cyber attacks continues to top the list of executive concerns around the globe. According to the latest survey by The Conference Board, US-based CEO’s rank cybersecurity as their number one concern.

And here’s why…

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2020 OSHA Update

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With fall officially underway and Halloween right around the corner, it can only mean one thing: sweets, sweets, and more sweets. However, I would ask that you put down whatever candy your kids have rejected so you can start reflecting on 2019 and planning for 2020.  And as all successful businesses know, it is important to not only include a sales or production evaluation but an evaluation of your safety program. To help, here is a 2020 Occupational Safety and Health Administration (OSHA) update to move you in the right direction.

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Safeguarding Your Livelihood: Business Video Surveillance Best Practices

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As a business owner you want to ensure your investment is well protected. From slip and fall accidents to robbery, there are many reasons to have business video surveillance. Having an effective business video surveillance system will help deter shoplifting and employee theft, while also proving quite valuable when trying to document injury claims by customers or employees.

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How to Improve Employee Retention in Seasonal Restaurants

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Seasonal restaurants may be increasing in popularity, but are nothing new for areas like Door County, Wisconsin and other vacation destinations. These restaurants typically operate through specific dates of the year related to the weather and travel seasons. While the restaurant industry can be challenging, seasonal restaurants face their own set of unique challenges. Since these restaurants must pack all of their sales into just a few months, hiring and keeping the right employees can make or break the season. So, how does a seasonal restaurant owner retain top talent when they only operate a few months out of the year?

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5 Tips for Being a Strong Leader

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What differentiates your business from the rest?  Is it the amazing drink specials? Variety of food offerings? Or, perhaps your greatest strength lies with the diverse leadership team you’ve built. After all, quality of leadership is indicative of a successful and profitable business.

Is your team expanding? Read “Tips for Welcoming New Employees.”

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How to React to a Payment Card System Data Breach

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This entry is part 28 of 30 in the series Data Security

What are the true costs of a data breach? On the one hand, there are monetary damages: the estimated average cost per breach in the US is $7.9 million. Coupled with potential fines for negligence plus legal fees, and suddenly it’s no surprise that around 60% of small businesses will go out of business within 6 months after a significant breach and around 43% of all cyberattacks target small businesses because of presumed vulnerabilities. On the other hand, there are the less tangible costs of a cyberattack, such as organizational integrity and customer trust. Whether it’s your fault or not, a data breach will compromise the public’s perception of your business, although the extent of it will really depend on the actions you take immediately following the breach.

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