Are You Frustrated?
Has Sales Growth Slowed?
Are You Feeling Stuck?
The end of 2022 is quickly in view. There is still time to REIMAGINE the possibilities within your business. Elevate & think differently about your small business. Small businesses are the economic engine of the U.S. economy. There is still time left in 2021 to focus on sales driving activities that can create positive change.
DPI
and
Renee Scott Insurance
gathered small business experts together to inspire and motivate entrepreneurs on August 18th. The marketplace is fiercely competitive and constantly evolving.
According to a recent INC article, employees are leaving companies in record numbers. This global phenomenon is called The Great Resignation (a term coined by Anthony Klotz in 2019). According to the US Dept of Labor, in the 2nd quarter 11.5 million workers quit their jobs. Some of these workers are taking the leap into entrepreneurship.
The REIMAGINE event provided a platform to build community and network with other entrepreneurs.
The initial foundation of any organization is critical to the sustainability of that company. Mission, vision and core values are the guiding principles for a company to harness new ideas, innovation and expand capabilities.
Here is a sample of advice from the REIMAGINE industry experts.
**This advice is for educational purposes only. Every business owner is responsible for their own decisions.
Business Consultant Professional (Roslyn Rice, DPI)
DPI2.COM
Business Tip - Define Your Measure Of Success
If you don’t define the measure of success in your business, you will focus on the success of others. This will leave a business owner frustrated and spinning their wheels on activities that might not produce results. There are many things we can be doing, owners should focus on those priorities that lead to growth and impact in the business.
Legal Professional (Gheri Hicks, Hicks Law P.A.)
GHICKS@HICKSLAWPA.COM
Having 2 people involved in a business increases liability for each person. In general, a partnership has the potential to create a lot of liability. If you have a partnership business consider legally structuring it with a corporate status.
Structure your business in a way to protect your assets. Don’t mix bank accounts; personal and business should be kept separate.
Seek professional legal help in understanding the benefits and risks of what can go wrong.
Insurance Professional (Renee Scott, Renee Scott Insurance)
RENEE@RENEEISYOURAGENT.COM
Wherever your business is located (home or office) ensure it’s protected.
General Liability
- Basic protection for claims against your business. Protects you in the event of a lawsuit (ex: slip & fall, slander, defamation of character, damage to someone’s home). This works best if a business meets with clients face to face.
Professional Liability
- Protection for specific risks in certain service industries (ex: insurance agents, consultants, coaches, attorneys, accountant, etc.) Professional liability is best fit if your business provides a professional service.
In the next post we will provide more advice from our experts.
Here you can find the entire REIMAGINE
replay.