How a Small Business Can Lose Productivity with Incentive Plans
Of the many components that make up a successful small business, productivity is one of the most important. As a small business owner, you are acutely aware of the value of doing more with less. Not only does this mean stretching budgets, but it also means getting the most out of every employee. If you are lucky, you have a dedicated staff willing to go the extra mile because they are as invested in the success of your small business as you are.
That ideal state is easier to achieve when your small business is really small. But once you start to grow, it’s time to start thinking strategically about ways to maintain high productivity. Instituting a recognition program that rewards desired behavior might seem like the way to go. And it can indeed be effective, often with a relatively small monetary investment. However, recent research shows that poorly implemented, award programs can actually hurt your business by decreasing overall productivity, demotivating your best employees, and creating only moderate, temporary improvement in the laggards.
A recent Forbes magazine post, How to Demotivate Your Best Employees, summarized a Harvard Business School study that examined an incentive program that rewarded perfect attendance (download the complete study here).
Maximizing the Power of Mobile for your Web-enabled Small Business
Mobile is hot. According to the Mobilenomics video from Socialnomics, not only is Google mobile search up by 400% with research showing that 70% of those mobile searches lead to action within an hour, but also that iPhone sales alone outpace births, and more people in the world own a mobile device than own a toothbrush. And yes, I checked.
As a small business owner, you cannot ignore the mobile trend, but neither can you jump blindly on the bandwagon. You need to understand what mobile means to your business; you need to understand how your customers use mobile devices to interact with your company; and you need to understand the role mobile plays in your sales process. A new tool from Google helps you do just that.
Must-Have Productivity Apps for Small Business
Every small business owner is perpetually hunting to find a few extra hours in the day. Many claim to have the secret to everyday efficiency, but we actually do. Okay, maybe we don’t (yet) have the golden ticket to getting more done, but we can show you some of the best productivity tools out there.
You don’t need an enterprise budget or an executive assistant to make these apps work for you and your business. Sit back, relax and sign-up for these must-have productivity apps for small business.
Attract Top Talent: How Creative Job Descriptions Get the Best Hires for your Small Business
So your small business is starting to gain traction? How exciting! Once your small business starts to thrive, you quickly realize that you cannot do everything yourself. Whether you are just about to hire your first assistant, or are the leader of a team that is growing faster than you ever imagined, the ability to locate, attract, and hire the right people is a critical component of your business strategy.
We hear a lot of news stories about the unemployment rate nationwide, but there are a number of cities where unemployment is low. Regardless of the numbers in your city, the fact remains that finding the right team member requires more than simply posting a job opening that lists required experience, job responsibilities, and compensation. Although this approach may generate an avalanche of resumes, you’re unlikely to find the perfect match for both the position and your company.
A recent inc.com post, A Job Listing Should Be Like a Love Letter, suggests a different approach.
Are marketing consultants the right choice for your small business?
If your small business has reached the point where you are deciding between adding an in-house marketing person (or team) and hiring an outside marketing consultant or agency, congratulations, you are on the path to successful growth. There is no arguing about the need for a well-conceived, well-executed, marketing strategy. But, there are many opinions as to how to effectively, and cost-effectively, get it done.
A recent Bank of America Small Business Community post discussed the pros and cons of creating an in-house marketing department vs. outsourcing marketing tasks to third parties. The post highlights common concerns such as whether an internal team will have sufficient objectivity, and whether an outside service provider will have sufficient dedication to your business. It also provides commentary from small business owners who have chosen different paths.
The decision you make for your own small business will be unique to your set of challenges and opportunities.
New approaches to managing small business change
As a small business owner, you have probably realized that the one constant in your business is change. You have likely also realized that the very fact of being a small business makes your company more nimble and better able to respond to marketplace demands than your larger competitors. If you are still a one-person operation, implementing a successful change is just a matter of putting your mind to something and doing what it takes to make it so. But, once your company has grown and you’re managing a team, then you need to “manage” change.
Although change management is certainly easier in a 20-person company than it is in a 20,000-person company, the fundamentals of leadership throughout the process are similar. A new inc. post, Change: A Play in Four Acts, provides an intriguing context in which to view the process.
How temporary workers can be smart solutions for small business hiring
February is coming to an end and spring is just around the corner. That means the rush is about to begin for many small businesses ranging from accountants and tax preparers to lawn services, landscapers, house painters, window installers, pool maintenance services, camps, and other spring and summer seasonal industries. So now is the time to get ready, because indications are that you may be in for a great year.
A recent Bloomberg post cited a 5.5% rise in property values since 2011, record low mortgage rates, and a significant decrease in the number of people underwater on their mortgages, as the driving forces behind a spring hiring spree by home-improvement giants Home Depot and Lowes. Home Depot plans to hire 80,000 mostly temporary seasonal workers in 2013, which is a 14% increase over 2012. Lowes plans to boost its seasonal hiring by 13%.
Even if your small business is far removed from home-related services, you can use the same strategies the big guys do when staffing-up for your busy season: temporary workers. These workers can be people your company recruits and hires directly, independent contractors, or employees you get from a temporary staffing agency.
IRS virtual workshop provides help with small business taxes
While tax preparation is probably not one of the most enjoyable things you need to handle as a small business owner, it is one of the necessities. If you have prepared well during the year then actually getting your returns filed will be considerably easier. If you have not, then now is a great time to start.
The Internal Revenue Service offers a free Virtual Small Business Tax Workshop that is designed to help small business owners understand tax rules, regulations, and procedures. The course is constructed to provide a new entrepreneur with the basic information needed when a business is first started, and to provide help with new tax requirements that become relevant as a business grows.


There is more to a small business website than just a description of products and services, a contact page, and a buy button. If you are like many 


