All posts by SBS

Small Business Solver is Better Than Ever!

The Small Business Solver logo - A cartoon man in business attire stands smiling against a blue sky with a cloud in it. "Small Business Solver" in black and "www.SmallBusinessSolver.com" are centred in grey on a white text box next to him.

Small Business Solver has done a relaunch! We’ve worked hard on our website and modules and made some changes to what we offer, and we’re very happy with what we’ve come up with:

  1. 100 new training videos and 105 coaching guides
  2. PowerPoint slides for business centers and incubators
  3. A pay-what-you-can option for business owners and a low-cost plan for coaches that wish to use our materials in their trainings
  4. A new staff member, Sarah Levis, to help with marketing and to respond quickly and efficiently to customer concerns.
  5. A monthly email newsletter to keep all our contacts up to date on company activities
  6. A bi-weekly educational webinar series designed to educate entrepreneurs on a variety of issues affecting today’s small business owner.

We’re very excited about all these things, but in today’s post we want to draw your attention to our live webinar series, which debuted on March 28, 2019. Small Business Solver co-founder and CEO Carla Langhorst did a presentation called “Make It Fly!” where she talked about how to evaluate whether your business idea is a good one, using Small Business Solver’s Make It Fly Idea Tester.

You’ll learn about:

  1. How to test business ideas (and why we don’t, even though we should!)
  2. Questions to ask to determine your idea’s viability as a business
  3. Determining your breakeven numbers
  4. More good questions to ask and things to consider

The live webinar series will run bi-weekly, each one covering a different topic. You can get the schedule for each month, including topics, in our monthly Newsletter. Please do sign up for the webinars, attend, and let us know what you think of them! We would love to hear your feedback.

We post Recordings of all of our webinars to our YouTube channel. Check them out and let us know which one is your favourite.

See you soon!

Non-Disclosure Agreements And You!

A cartoon man and woman hold up a sign that says "Non-Disclosure Agreement!"

Using Non-Disclosure Agreements (NDA) is a smart move for any small business owner. As you run your business, you’ll work with a variety of people in a variety of contexts, and you may have to share confidential information with them.  You’ll want assurance that the other party won’t share that information with anyone else.  Situations where this concern arises include ones where:

  1. Your employees have access to company secrets, intellectual property, future strategic plans, customer pricing, and many other pieces of information that you don’t wish to have shared.
  2. You’ve shared financial information and future plans with business partners or investors.
  3. You’ve given an accounting firm your financial information, including the debt and equity information, so that they can do your taxes.
  4. You’ve shared information with suppliers on pricing or marketing tactics to be a good strategic partner.
  5. Anyone else with whom you share information with that you want to keep from public knowledge. 

Consider using non-disclosure agreements any time you’re sharing confidential information, especially if keeping that information secret is crucial to your success – if your baking tastes better because you use an ingredient that no one else does, or your product lasts longer because you use a manufacturing technique that no one else has thought of, you don’t want that secret getting out so that other people can also start benefiting from what makes you superior in your market! 

Learn More About Non-Disclosure Agreements and Download a Template 

Thanks to Cobalt Lawyers  and ClauseHound. The information provided may not be relevant to your jurisdiction, this information is not a substitute for obtaining legal counsel, nor does it create a lawyer-client relationship with you, the reader.

Have you checked out our webinars yet? Head to our webinar channel and check them out! Tell us which one you like the best!

Strategic Partnerships and How to Build Them!

strategic partnerships

Strategic partnerships are critical to any small business’ success. Whether your small business is for profit or non-profit, developing solid partnerships is a good use of time and resources.

Watch our Building Strategic Partnerships webinar to learn:

  1. Whether you need to build a partnership
  2. How to determine who of your potential partners are the best to approach about joining forces
  3. How to determine when you are ready to form the partnership
  4. The secrets to maintaining a healthy partnership.

You’re best served by slowly walking through the above stages, paying special attention to the last one.  Keeping your strategic partnership healthy and happy is very important!

When Do You Need to Build a Strategic Partnership?

Consider partnering with someone else when:

  1. They can provide a service or product that is an adjacency to those that you provide
  2. The partnership reduces your risk
  3. Their service or product could add customer value to your offering
  4. Partnering up could help you (and them, ideally!) grow at a faster rate. 

Do you see how partnering with someone could be the best thing for your small business?

What Makes a Good Partner?

Evaluate your potential partners carefully, as you’re trusting them with your precious business! A good partner should:

  1. Need you as much as you need them!
  2. Have leaders that get along with you, and a similar business structure
  3. Have a similar corporate structure
  4. Leave you with a good “gut feel”.

After you meet with a potential partner, ask yourself whether you could, with the right assurances in place, trust them with your vital business information and whether you have confidence in their ability to do what they say they will. You should have both trust and confidence to proceed.

Maintaining Healthy Strategic Partnerships 

Nuture your partnerships to keep them healthy and of maximum benefit to all parties involved by:

  1. Doing planning sessions with your partners at least quarterly
  2. Blending your tools, processes, and technology when possible
  3. Communicating regularly
  4. Determining how all parties involved enjoy the benefits and assume the costs involved in partnering.

Partnerships have perks, so keep them healthy! Email Carla at [email protected] or Sarah at [email protected] with your comments or questions. 

Did you enjoy this webinar? Check out the others on our YouTube channel!

 

 

 

Succession Planning for Small Business

Succession planning is all about planning your exit strategy and maximizing the value that the small business owner receives for their effort (which often amounts to years and decades of work).

It also protects the small business owner, family, and the business from any risk.

Learn the process and your options in 20 minutes!

Contact the Expert
Mike Hook
[email protected]

SEO 2015 and Beyond

Search Engine Optimization keeps changing! Small business owners need to keep on top of this to make sure that their small business is found online.

There are some significant changes that happened in early 2015 that you should take note of right now!

Watch this less than 20 minute video to learn everything that you need to know now.

Contact the Expert
Allan Pollett
[email protected]
www.allanpollett.com

Writing a Small Business Contract

Small business owners need to know how to protect themselves. A contract is not designed for when the two parties agree, but for any potential time when they don’t agree. That is the key!

In this 25 minute video we focus on sales and vendor contracts, but contract best practices in general. What are some of the clauses and what should be paid attention to? The specific clauses that we walk through are;

1. Parties of a contract
2. Description of the product or scope of services
3. Fees and charges
4. Tax responsibility
5. Rejection or acceptance of the product
6. Warranty period and exclusions
7. Payment terms, due date, interest rates
8. Customer promises
9. Vendor promises
10. Limitation of liability
11. Indemnities
12. Dispute resolution mechanism

Contact the Expert

If you have more questions and need more specifics, please contact Rajah Lehal directly!
[email protected]

Business Clarity Questions for Small Business

The New Year is a great time to plan to ramp up your business.

Getting ready for 2015 involves getting your business ready with a solid foundation to move forward. Your foundation is based on answering these 7 critical questions.

In 20 minutes, walk through the business clarity questions and answer them for your business. Make your 2015 more impactful!

Contact the Expert

Charles McFarland
Email: [email protected]
Website: http://www.charlesmcfarland.ca
LinkedIn: https://www.linkedin.com/in/coachingbusinessandartsleaders
Twitter: https://twitter.com/charlesmcf

SBS Clarity 14 Jan 2015

Hiring for Newbies

Hiring is an exciting time for small business owners. It means that you are growing. And if you keep on reaching your targets and exceeding your targets, this is a natural next step in your business.

This video will help you overcome many of the challenges and pitfalls that normally occur through the hiring process, plus it will give you some bonus tips.

Topics covered include;
– fears surrounding hiring
– the total costs of hiring
– the total costs of firing
– top mistakes to avoid
– how & where to post your job posting
– how to screen resumes and top things to look for
– importance of pre screening and how to do it
– interviews and how to identify liars
– reference checks
– why will recruits sign up and stay with an organization

Contact The Expert
Meredith Arnot
[email protected]

Guaranteed Better Than The Rest

Differentiating your small business and continuing to improve your business are two key pieces of being better than the rest.

But how do you get this in motion? Where do you start?

In 15 minutes we walk through two key objectives;
1. Ensuring that you are making time to work on your business rather than in it
2. Outlining 5 key ways to differentiate your business and how to do this

Contact the Expert

Eloise Pasianotto
www.effectiveprofessionalconsulting.com