Best Practices Archives | Business Advisory Group

21 April 2025

Partnerships – Separating Roles and Responsibilities

One of the biggest challenges in partnerships is ‘who does what’. A valuable tool to assist in identifying, separating and prioritizing roles for the partners sort in a constructive manner is what can be called the Role Clarification Model. This […]

30 March 2025

Recruiting Employees

Depending on the position you are trying to fill, there are many ways to find the right employees. Your network and the network of your network is often the best way identify quality candidates with the least cost and even […]

9 March 2025

Retaining Employees – The Push/Pull Effect

Under most circumstances, people change companies when there is a combination of dissatisfaction with or reasons to leave their existing company (Push) and things that are more attractive in another company (Pull). These often have nothing to do with compensation. […]

16 February 2025

Building Your Organization

Unless your enterprise will be a ‘one person show’, you will need to build an organization. Your direct organization can include co-owners, staff (full or part time), and an Advisory Board. In addition, your indirect organization/network can include mentors, paid […]

27 January 2025

Naming Your Enterprise

One of the most important and potentially challenging steps of starting a business is choosing the name of your enterprise. Naming your business or products is a serious matter. The name you choose can play an integral part in the […]

6 January 2025

Developing a Business Idea

Developing a good business idea that is best suited for you is at the heart of any startup enterprise. You need to consider how your personality, interests, and strengths relate to the ideas you’re entertaining. This is going to be […]

11 December 2024

Your Advisory Board

Your network is an invaluable resource for your start-up enterprise, and one of the most important is your Advisory Board. It can make the difference between your success or failure. The primary reason for business failure is the lack of […]

29 October 2024

Cash Flow Management

Managing Cash Flow Efficiently Effective cash flow management involves monitoring, analyzing, and optimizing the timing of cash inflows and outflows. Strategies such as improving receivables collection, managing inventory efficiently, and planning for major expenditures can significantly enhance a business’s liquidity […]

16 September 2024

Goal Setting for Small Business & Non-Profits

Once you have completed your Strategic Planning for Small Business & Non-Profits (previous article), you should have created 3-5 Objectives. More than 5 is not recommended as it creates a prioritization problem. The Objectives are high level statements that will […]

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