According to Forbes.com, these are the four top worries for business owners these days.
#1. Rising Interest Rates – There is a real worry that some companies may be shut out of credit markets
#2. Health Care Costs and Changing Regulations – We all worry about this, don’t we?
#3. The New Presidential Administration – No matter who is in charge, not all policy changes will be positive for everyone.
#4. Local and Regional Economic Health – What happens when a couple large employers move in or out of YOUR city.
While each of these is a serious and daunting challenge for most businesses, they all have one thing in common. Each of these issues can spell doom for the unprepared Business. Every activity that you or your employees engage in either helps or hurts the prospects and viability of your business. Whether it is sales or service calls, all of your efforts are aimed at one thing: Staying In Business.
What could be more important than Revenue?
Meetings, training or just having some fun with your staff all seem to pale in comparison to generating revenue. Afterall, how else do you pay the bills and hopefully generate some income for YOU, the Owner?When was the last time you really thought about the finer details of running a successful business? Those staff meetings, production meetings, OSHA Training and morale boosters are all just as important and impactful on your bottom line as any sales call or order. Without a well trained, motivated staff, the rest of your efforts can easily fall short and leave your business in real trouble. According to the 2015/2016 Global Entrepreneurship Report published by Babson College and several other organizations, over half of discontinued businesses halted operations because of lack of profits or financial funding.
If your staff is not competent, engaged and focused on your Business Plan, you will never generate the funds needed to stay afloat. If you are like many businesses, you barely have room for your employees, much less meetings, trainings or parties. You probably already know this all too well. Those weekly production meetings at the nearest bar or professional office building are costing a fortune. There are other options. We designed The Beacon Center with YOU in mind. Our bright, clean, professional venue is a cost-effective and great place to stretch out and conduct a quicker, more productive meeting or training.
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