As a small business owner, you have to wear many hats. You are the CEO, the CFO, the accountant, the marketer, and sometimes even the salesperson. But this can mean that it can be tough to keep up with all of the latest trends and best practices in every area of your business. That’s why we’ve compiled a list of 50 must-read tips for small business owners!
These tips cover everything from productivity and time management, to financial tips, accounting tips, branding tips, marketing tips, and more. So, whether you’re looking for productivity tips or financial advice, you’ll find what you need here!
Thinking of launching a business in the event and/or wedding planning industry? Earn YOUR internationally-recognized certification in as little as 3 short months with QC Event School‘s self-paced, online training programs!
What Makes a Small Business Successful?
First thing’s first: what makes a small business successful? There are many factors that contribute to the success of a small business, but some of the most important include a:
- Clear focus and niche
- Strong marketing strategy
- Solid brand identity
- Commitment to customer service
- Dedication to continuous improvement
- Positive company culture
Of course, these are just a few of the things that can make a small business successful. At the end of the day, though, it’s up to you to decide what success looks like for your business, and then do whatever it takes to make it happen!
50 Must-Read Tips For Small Business Owners
Tips For Getting Started
Tip #1: Choose your business name and get it registered!
Your business name is your first opportunity to make a great impression on potential customers. So, take your time and choose wisely!
When you’ve settled on a name, the next step is to register it with the government. This will protect your name from being used by another business, and it will also give you some legal rights if someone tries to use your name without your permission.
Tip #2: Know which services you intend to offer!
One of the most important things you need to know before starting your own business is what services you intend to offer. This will help you determine everything from your business name to your target market.
Once you know what services you want to offer, the next step is to figure out how you’re going to deliver those services. Are you going to offer them in-person, online, or both?
Tip #3: Choose the right business structure!
There are several different business structures to choose from, and the one you select will have implications for how you operate your business, how much taxes you pay, and more.
The most common business structures are as follows:
- Sole Proprietorship: A sole proprietorship is a business owned and operated by one person. This is the simplest and most common type of business structure.
- Partnership: A partnership is a business owned and operated by two or more people. Partnerships can be either general partnerships or limited partnerships.
- Limited Liability Company (LLC): An LLC is a business structure that offers limited liability protection to its owners. LLCs can be either single-member or multi-member.
- Corporation: A corporation is a business structure that offers limited liability protection to its shareholders. Corporations can be either S corporations or C corporations.
Not sure which business structure is right for you? You can find more information on each of these business structures here!
Tip #4: Get insured!
Insurance is a must for any business, regardless of its size. After all, you never know when an accident or natural disaster could strike. So, be sure to get insured before you start operating!
Common types of business insurance include:
- Property insurance: This type of insurance covers damage to your business’s property, such as your office or store.
- Liability insurance: This type of insurance protects your business from lawsuits alleging that your business caused someone’s injury or property damage.
- Workers’ compensation insurance: This type of insurance is required in most states if you have employees. It covers medical expenses and lost wages for employees who are injured while working.
- Business interruption insurance: This type of insurance covers lost income and expenses if your business is forced to close due to a covered event, such as a natural disaster.
Not sure which types of business insurance are right for you? Check out this guide to business insurance!
Tip #5: Get the necessary license(s) and permit(s)!
Depending on the type of business you’re operating, you may need to get one or more licenses and permits.
For example, if you’re opening a catering company, you’ll need to get a food handler’s license. And if you’re starting an event decorating business, you’ll need to get a business license and a sales tax permit.
To find out which licenses and permits you need for your business, contact your city or county clerk’s office or the Small Business Administration.
Tip #6: Figure out who your target market is!
Who are you selling to? This is an important question to answer before you start marketing your business. After all, you need to know who you’re trying to reach in order to market effectively!
For example, if you’re a professional wedding planner, your target market might be engaged couples who are looking for someone to help them plan their big day. On the other hand, a corporate event planner‘s target market will likely be businesses who are looking to plan events such as conferences, product launches, or holiday parties.
Not sure who your target market is? Try conducting some market research to find out!
Tip #7: Create a business plan!
A business plan is a document that outlines your business goals, strategies, and operations. It’s an essential tool for any business, and it can help you attract investors, secure funding, and more.
Importantly, your business plan will need to cover the following information:
- Executive Summary: A brief overview of your business, including your business name, location, and services.
- Company Description: A more in-depth look at your business, including its history, mission statement, and any unique selling points.
- Market Analysis: An analysis of your target market, including information on their demographics, needs, and buying habits.
- Competitive Analysis: A look at your competition, including information on their products, pricing, and marketing strategies.
- Sales and Marketing Plan: A plan for how you’re going to market and sell your products or services.
- Operational Plan: A rundown of your business operations, including details on your manufacturing process, supplier relationships, and distribution channels.
- Financial Plan: A projection of your business’s financials, including your income, expenses, and cash flow.
Not sure where to start? There are plenty of free business plan templates available online that you can use as a starting point!
Tip #8: Determine where you plan to operate your business!
Are you going to operate your business out of a physical location, or are you going to be a home-based business? Or, maybe you’re planning on starting an online business?
The answer to this question will help you determine the best way to move forward with your business!
For example, if you’re planning on starting an online business, you’ll need to make sure you have a strong internet presence. This means creating a website and/or blog, and using social media to promote your business.
On the other hand, if you’re planning on operating a physical business, you’ll need to find a suitable location, obtain any necessary permits or licenses, and stock your shelves with merchandise.
Tip #9: Get a business credit card!
A business credit card can be a useful tool for small business owners. After all, it can help you separate your personal and business expenses, and it can build your business’s credit history!
Just make sure you use your business credit card responsibly by paying off your balance in full each month and only charging what you can afford to pay back.
Remember, as a small business owner, it’s important to keep your personal and business finances separate! Keeping your personal and business finances separate will help you stay organized and avoid any potential legal issues down the road.
Tip #10: Apply for financial assistance (if needed)!
If you’re having trouble getting your business off the ground, you might want to consider applying for financial assistance. There are a number of government programs and grants available to small businesses, so it’s definitely worth doing some research to see if you qualify for any of them!
You can also look into taking out a small business loan from a bank or credit union. Just be sure to shop around for the best rates and terms before you commit to anything!
Branding Tips For Small Business Owners
Tip #1: Decide on your company’s message!
Before you can start branding your business, you need to decide on your company’s message. What are you trying to communicate with your customers?
Your company’s message should be unique, memorable, and reflective of your brand. Once you’ve got your message down, you can start working on creating a strong brand identity!
Tip #2: Create a strong visual identity!
Your visual identity is how your customers will identify your business. This includes your logo, color scheme, and overall design aesthetic.
Make sure your visual identity is consistent across all of your marketing materials, from your website to your business cards to your social media profiles. This will help build recognition for your brand and make it easier for customers to remember your business.
Tip #3: Figure out your branding voice!
Your branding voice is the way you communicate with your customers. It should be friendly, personable, and reflective of your brand personality.
When deciding on your branding voice, think about how you want your customers to perceive your business. Do you want to come across as professional and trustworthy? Or fun and approachable? Once you’ve got a good idea of the tone you want to set, you can start working on creating content that reflects it.
Tip #4: Decide where and how you’ll incorporate your brand into your marketing materials!
Now that you’ve got your brand message, visual identity, and voice figured out, it’s time to start incorporating your brand into your marketing materials.
This includes everything from your website and social media profiles to your business cards and email signature. Make sure your brand is front and center in all of your marketing efforts!
Tip #5: Consistency is key!
The most important thing to remember when branding your business is to be consistent. Consistency will help build recognition for your brand and make it easier for customers to remember your business.
So, whatever you do, make sure you’re being consistent with your brand message, visual identity, voice, and marketing materials!
PRO TIP: Become a master of branding – and SO much more – with QC Event School’s online Accelerate Your Business Workshop!
Financial Tips For Small Business Owners
Tip #1: Know what your competitors are charging!
If you want to be successful in business, you need to know what your competitors are charging. This will help you determine how much to charge for your products or services.
To find out what your competitors are charging, you can either do some research online or give them a call and ask!
Tip #2: Don’t overcharge or undercharge!
Once you know what your competitors are charging, you need to make sure you’re not overcharging or undercharging for your products or services.
If you charge too much, you’ll price yourself out of the market. But if you charge too little, you won’t make a profit. So, it’s important to find a happy medium!
Tip #3: Offer discounts and other incentives!
One way to attract customers and get them to spend more money at your business is to offer some sort of incentive for choosing your business over other ones.
You can offer such incentives as:
- Discounts for first-time customers
- Coupons that can be used at a later date
- Loyalty/membership programs for repeat clients
- Referral programs/discounts
- BOGO (a.k.a. Buy-One-Get-One-Free) specials
- Discounted add-on services
- And SO much more!
Tip #4: Keep your prices consistent – but don’t be afraid to readjust your pricing structure if needed!
Another important thing to remember when setting prices for your products or services is to be consistent. If you fluctuate your prices too much, it will confuse customers and make them less likely to return to your business in the future.
So, if you’re going to offer discounts or other incentives, make sure you do it in a way that doesn’t sacrifice the overall consistency of your pricing structure.
That said, there will be times when you need to readjust your prices – such as when you’re first starting out and trying to find the right price point for your business.
If that’s the case, that’s alright! Don’t be afraid to experiment a little bit and make changes as needed. Just make sure you’re not making too many sudden or drastic changes!
Tip #5: Put money aside for taxes and major expenses!
One of the most important financial tips for small business owners is to always put money aside for taxes and major expenses.
This will help you avoid any surprises down the road and ensure that you have the funds available when you need them.
A good rule of thumb is to set aside 10-15% of your revenue for taxes and another 10-15% for major expenses. This may seem like a lot, but it’s better to be safe than sorry!
Accounting/Bookkeeping Tips For Small Business Owners
Tip #1: Keep track of your expenses!
One of the most important things you need to do as a small business owner is keep track of your expenses. This will help you stay organized and ensure that you’re not spending more money than you’re bringing in. There are a few different ways you can keep track of your expenses, such as:
- Using a spreadsheet or budgeting software
- Creating a system of folders and/or files (electronic or physical)
- Designating a specific place for receipts and other financial documents
- Utilizing accounting/bookkeeping software, such as Quickbooks or Freshbooks
No matter what method you choose, just make sure you’re consistent with it!
Tip #2: Know the difference between an asset and a liability!
Another important thing to understand when it comes to accounting and bookkeeping is the difference between an asset and a liability. Simply put, an asset is something that increase your net worth, while a liability decreases it.
Some examples of assets include:
- Savings accounts/CDs
- Real estate
- And more!
On the other hand, some examples of liabilities include:
- Credit card debt
- Loans (student loans, car loans, etc.)
- Taxes owed
- Accounts payable
- And more!
Knowing the difference between these two things will help you make better financial decisions for your business.
Tip #3: Understand the basics of accrual accounting!
If you’re going to be handling your own accounting and bookkeeping, it’s important that you understand the basics of accrual accounting. This is the most common method of accounting, and it involves recording transactions when they occur – even if the actual money exchange doesn’t happen until later.
For example, let’s say you sell a product for $100 on January 1st, but the customer doesn’t pay until February 1st. In this case, you would record the sale on January 1st (because that’s when the transaction occurred) and then record the payment on February 1st.
Accrual accounting can be a bit tricky to understand at first, but it’s important to have a basic understanding of it if you’re going to be handling your own accounting.
Tip #4: Use double-entry bookkeeping!
Double-entry bookkeeping is another important concept to understand when it comes to accounting and bookkeeping. This method involves recording each transaction in two different accounts.
For example, let’s say you make a sale for $100. In this case, you would record a $100 credit in your sales account and a $100 debit in your cash account.
Double-entry bookkeeping may sound complicated, but it’s actually not too difficult to understand once you get the hang of it. And, it’s a great way to keep track of your finances and ensure that everything is balanced.
Tip #5: Hire a professional accountant!
If you’re not confident in your ability to handle your own accounting and bookkeeping, don’t be afraid to hire a professional accountant. This is an important decision, and it’s one that you should not take lightly.
A professional accountant can help you with a variety of tasks, such as:
- Preparing and filing your taxes
- Keeping track of your expenses
- Managing your accounts receivable and payable
- Creating financial statements
- Providing advice on financial matters
- And more!
So long as your budget allows for it, hiring a professional accountant is a great way to ensure that your finances are in good hands.
Marketing Tips For Small Business Owners
Tip #1: Get your business established online!
These days, it’s important for every business to have an online presence. If you don’t have a website or at least a strong social media presence, you’re missing out on a lot of potential customers.
There are a number of things you can do to get your business established online, such as:
- Creating a website
- Setting up social media accounts (Facebook, Twitter, TikTok, Instagram, etc.)
- Developing an online marketing strategy
- And more!
Don’t underestimate the importance of having an online presence for your business. It’s one of the best ways to reach new customers and grow your business.
Tip #2: Use SEO to your advantage!
If you’re not familiar with SEO (search engine optimization), it’s basically the process of making your website and/or social media accounts more visible in search engine results.
For example, let’s say you own a small business that sells floral designs. If someone searches for “floral designs” on Google, you want your website to come up as one of the top results. This is where SEO comes in.
There are a number of things you can do to optimize your website and social media accounts for SEO, such as:
- Using relevant keywords
- Creating quality content, such as blog articles and webpages
- Building backlinks
- And more!
If you’re not familiar with SEO, it’s definitely something you should look into. It’s a great way to get more eyes on your business and attract new customers. For beginners, we recommend this guide by Moz!
Tip #3: Use content marketing to your advantage!
Content marketing is another great way to attract new customers and grow your business. Basically, content marketing is the process of creating and sharing content (such as blog articles, videos, infographics, etc.) that is relevant to your business and/or industry.
The goal of content marketing is to attract potential customers to your website and/or social media accounts and then convert them into paying customers.
There are a number of different content marketing strategies you can use, such as:
- Creating videos
- Posting infographics
- And more!
If you’re not familiar with content marketing, it’s definitely something you should look into. It’s an incredibly effective way to attract new customers and grow your business.
Tip #4: Invest in paid ads!
Paid advertising is another great way to attract new customers and grow your business. Basically, paid advertising is when you pay for placement of your ads on other websites and/or social media platforms.
For example, let’s say you own a small business that offers party planning services. You could pay to have your ad placed on a website (e.g. Google) or social media account (e.g. Facebook) that is relevant to your business, such as a website about party planning or a social media account that is popular with people who are looking for party planning services.
Paid advertising is a great way to get your business in front of new potential customers who are likely to be interested in what you have to offer.
Tip #5: Use email marketing to your advantage!
Email marketing is another great way to attract new customers and grow your business. Basically, email marketing is the process of sending marketing emails to potential and current customers.
The goal of email marketing is to promote your products or services to people who are likely to be interested in what you have to offer.
There are a number of different ways you can use email marketing to your advantage. Sending out a monthly newsletter and developing an email marketing campaign are just two popular examples.
Basically, email marketing is a great way to stay in touch with your potential and current customers and promote your business. Plus, nowadays, there are all sorts of email marketing apps that can assist you with this, such as MailChimp, Constant Contact, and AWeber.
Involved in the events/wedding industry? Here are 10 tried-and-true marketing strategies you need to adopt ASAP!
Tips For Staying Ahead Of Your Competitors
Tip #1: Get professionally trained and certified in your field!
If you’re not already professionally trained and certified in your field, now is the time to do it! Getting professionally trained and certified will give you the skills and knowledge you need to be successful in your field. It will also make you more credible and trustworthy in the eyes of your potential and current customers.
For example, let’s say someone out there is looking for a destination wedding planner. They’re going to be more likely to choose a planner who is certified – say, by having completed QC Event School’s self-paced, online Destination Wedding Planning Course – than someone who isn’t.
So, if you’re not already professionally trained and certified in your field, now is the time to do it! It will not only strengthen your skill-set and make you more confident; it’ll increase your booking ability and profits, too.
Tip #2: Keep an eye on the competition!
You can’t afford to be complacent and rest on your laurels in the events/wedding industry – there’s always someone out there who is trying to steal your business. So, it’s important that you keep an eye on your competition.
There are a number of different ways you can do this. First, you can sign up for their email lists and follow them on social media. This will allow you to stay up-to-date on what they’re doing and see if there’s anything you can learn from them.
You can also attend industry events and trade shows. This is a great way to network with other professionals in your field and get a feel for what’s trending. Plus, you might even pick up a few new ideas that you can use in your own business.
Tip #3: Offer unique services!
One way to stay ahead of your competition is to offer unique services that they don’t. For example, imagine that you’re an event planner. Your niche service could be anything from offering luxury event planning services to virtual, online services (in addition to in-person ones).
The key is to find a niche that you can fill and that your competition is not currently filling. This will allow you to attract new customers who are looking for exactly what you have to offer.
Tip #4: Remember to put effort into client retention!
Acquiring new clients is important, but it’s not the only thing you need to focus on – you also need to put effort into retaining your current clients. After all, it costs five times as much to acquire a new client as it does to retain an existing one.
So, how can you retain your clients? First and foremost, you need to provide them with excellent service. This includes being responsive to their needs, meeting (or exceeding) their expectations, and going above and beyond whenever possible.
You should also keep in touch with your clients even when they’re not booking events with you. You can do this by sending them monthly newsletters, staying in touch on social media, and sending them special offers from time to time.
Finally, ask for feedback and use it to improve your business. If a client is unhappy with something, make changes so that they’re happy with the next event you plan for them.
Tip #5: Focus on building relationships!
In literally every professional industry, relationships are key. This is especially true in the industries where a lot of business is based on referrals.
The best way to build relationships is to focus on providing value. For example, let’s say you’re an event planner. You can provide value to your potential and current clients by offering them helpful tips, resources, and advice – even if they’re not booking an event with you at the moment.
You can also build relationships with other professionals in your field, such as vendors and suppliers. These relationships can be beneficial because you can refer business to each other, help each other out in a pinch, and collaborate on projects.
Productivity Tips For Small Business Owners
Tip #1: Maximize project management software!
If you want to be productive, you need to make sure that you’re using project management software to its fullest potential.
There are a ton of different project management software programs out there, so it’s important to find one that works well for you and your team. Once you’ve found the right software, make sure that everyone on your team is trained on how to use it.
Project management software can help you stay organized, track deadlines, and keep everyone on your team on the same page. It’s an essential tool for any business owner who wants to be productive.
PRO TIP: Make sure to check out this Master List of top software and tools to help you grow your small business!
Tip #2: Implement a time-tracking system!
Time tracking systems are another great way to boost productivity. These systems help you see where you’re spending your time, so you can optimize your workflow. There are a lot of different time tracking systems on the market, such as RescueTime and Toggl. This is why, again, it’s important to find one that works well for you and your team.
As we mentioned, time tracking systems can help you see where you and your team members are spending the most time. This information can be invaluable in helping you to identify areas where you need to make changes so that you can boost productivity.
Time tracking systems can also help you to see which projects are taking the most time. This information can be used to make changes to your project management process so that future projects don’t take as long.
Tip #3: Delegate, delegate, delegate!
As a small business owner, it’s important to delegate tasks whenever possible. This will free up your time so that you can focus on other, more important tasks.
Of course, delegating tasks can be difficult if you’re used to doing everything yourself. But, it’s important to remember that you have a team for a reason. They’re there to help you grow your business – so let them!
Start by creating a list of tasks that you can delegate to others. Then, assign those tasks to specific team members. Make sure to give them deadlines and check in with them periodically to ensure that the tasks are getting done.
Delegating tasks may be difficult at first, but it’s an essential productivity tool for small business owners. And if you’re a one-person operation without any employees? Consider hiring a virtual assistant!
Tip #4: Invest in automation!
Automation is another great way to boost productivity. There are a ton of different tasks that can be automated, such as social media posts, email marketing campaigns, and appointment reminders.
The key to successful automation is to find the right tools. There are a lot of different software programs out there that can help you automate your tasks, such as Hootsuite and Later. Do some research to find the ones that will work best for you and your business.
Once you’ve found the right tools, make sure to set them up so that they’re working as efficiently as possible. This may take some trial and error, but it’s worth it in the end. Automation can save you a lot of time and energy, so it’s definitely worth the investment.
Tip #5: Take breaks!
This may seem counterintuitive, but taking breaks can actually help you boost productivity. It’s important to step away from your work periodically so that you can take a break and clear your head.
If you’re feeling overwhelmed, take a few minutes to yourself to walk around or get some fresh air. You can also try meditating or doing some other form of relaxation. Taking breaks will help you stay focused and productive in the long run.
Now that you know some of the best productivity tips for small business owners, it’s time to put them into practice! Implement these tips into your workflow and see how they can help you grow your business!
Organization Tips For Small Business Owners
Tip #1: Get organized!
This may seem like a no-brainer, but it’s important to get your business organized from the start. Having a clear structure will help you stay productive and on track.
There are a few different ways to get your business organized. One way is to create a Business Plan, as we discussed earlier in this article. This document will outline your business goals and how you plan on achieving them.
Another way to get your business organized is to create a Business Model Canvas. This document will help you map out your business structure and operations.
Finally, you can also create a Business Process Map. This document will outline the steps that need to be taken in order to complete a task or reach a goal.
Creating these documents may seem like a lot of work, but they’ll be incredibly helpful in the long run. Trust us – getting your business organized from the start will save you a lot of time and energy down the road.
Tip #2: Set up a filing system!
Another organization tip for small business owners is to set up a filing system. This will help you keep track of all of your important documents, such as contracts, invoices, and tax returns.
There are a few different ways to set up a filing system. One way is to create physical folders and file everything away in a cabinet or storage unit. Another way is to create digital folders and store everything on your computer or in the cloud.
The key is to find a system that works for you and your business. If you have a lot of physical documents, it may be best to set up a physical filing system. If you have a lot of digital documents, it may be best to set up a digital filing system.
Tip #3: Create a to-do list (and check it every day)!
To-do lists are another great way to stay organized and productive. Creating a to-do list will help you keep track of all the tasks that need to be completed.
The key is to find a system that works for you and your business. If you prefer to use a physical notebook, go for it! If you prefer to use a digital task manager, that’s fine too!
The most important thing is to check your to-do list every day so that you can stay on track. Make sure to cross off or delete tasks as you complete them so that you can see your progress.
Tip #4: Invest in a good planner!
Investing in a good planner is another great way to stay organized and productive. A planner can help you keep track of your schedule, deadlines, and appointments.
There are a few different types of planners that you can choose from. One type is a physical planner, such as the popular Erin Condren LifePlanner. Another type is a digital planner, such as the Google Calendar app.
Ultimately, you need to find a system that works for you and your business. If you prefer to use a physical planner, go for it! If you prefer to use a digital planner, that’s fine too!
The most important thing is to find a planner that you will actually use. There’s no point in investing in a planner if you’re not going to use it.
Tip #5: Break down your goals!
When it comes to setting goals, it’s important to break them down into smaller, more manageable pieces. Trying to accomplish a huge goal all at once is often overwhelming and can lead to discouragement.
Instead, break your goal down into smaller steps that you can complete over time. For example, if your goal is to double your revenue, break it down into smaller goals, such as increasing your sales by 10% each month.
By breaking down your goals, you’ll be more likely to achieve them because you’ll have a specific plan to follow. You’ll also be less likely to get discouraged because you’ll be able to see your progress along the way.
Tips For Staffing As a Small Business Owners
Tip #1: Honor the limits of your budget (if any)!
One of the most important tips for staffing as a small business owner is to honor the limits of your budget. If you don’t have a lot of money to spend on staff, don’t hire more employees than you can afford.
It’s better to have a small team of well-paid employees than a large team of poorly-paid employees. In addition, you may want to consider hiring part-time or freelance employees instead of full-time employees. This can help you save money on benefits, such as health insurance and retirement plans.
Tip #2: Be strategic about the positions you’re trying to fill!
When you’re trying to fill a position, it’s important to be strategic about it. Ask yourself what the position actually needs to do and what skills are required to perform those tasks.
For example, if you’re looking to hire a social media manager, you’ll want someone with experience in social media marketing. However, you may not need someone with a degree in marketing.
The key is to be as specific as possible when you’re writing the job description. The more specific you are, the easier it will be to find the right candidate for the job.
Tip #3: Pay a fair and livable wage!
Another important tip for staffing as a small business owner is to pay a fair and livable wage. This means that you should pay your employees enough money to cover their basic needs, such as food, shelter, and transportation.
In addition, you should also consider paying a competitive salary so that you can attract and retain the best talent. The best way to determine a competitive salary is to research salaries for similar positions in your industry.
Tip #4: If possible, offer enticing benefits!
If you can afford to do so, another great tip for staffing as a small business owner is to offer enticing benefits. This could include things like health insurance, paid time off, and retirement plans.
Offering benefits can help you attract and retain the best employees. In addition, it can also help you build a good reputation as an employer!
Tip #5: Don’t hesitate to let someone go if need be!
One pitfall of being a new business owner, especially if it’s a small-knit team, is that you may be hesitant to let someone go if they’re not working out. However, it’s important to remember that you can’t please everyone all the time.
If an employee is not a good fit for your company, don’t hesitate to let them go. It’s better to have a smaller team of high-performing employees than a large team of under-performing employees.
Overall, when it comes to staffing your small business, remember to be strategic about the positions you’re trying to fill. Pay a fair and livable wage, and don’t hesitate to let someone go if they’re not a good fit for your company.
There you have it! These are 50 of the most important tips for small business owners. Remember, running a successful small business takes a lot of hard work and dedication. But if you follow these tips, you’ll be well on your way to success!
What are your favorite tips for small business owners? Do you disagree with anything we’ve listed in this article? Got any additional advice to add? Share your thoughts with us in the comments below!
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Industry Spotlight: Mwai Yeboah
Mwai Yeboah is the founder of the destination wedding planning boutique, Love From Mwai, located in the United Kingdom. As the lead planner and designer, she helps luxury and lifestyle clients from all around the globe turn their weddings and events into immersive experiences! It’s with great honor and excitement that we welcome Mwai to […]
Event Planning Careers Thrive in These 6 Industries
Event planning is a part of every industry, and it’s becoming increasingly popular. Continue reading to learn about the top 6 industries where your career can thrive!
Am I Too Old or Too Young to Become an Event Planner?
As long as you can stay calm under pressure, think critically about details and timelines, and remain willing to learn, you’ll never be too old or too young to become a successful event planner.