Thursday, August 19, 2021

The Small Business Goal Setting Process to Drive Strong Operational Results



In this video, I break down the goal setting process for small business owners to engage in - including the why, what and how - to drive the operational results you want to see.  

  • businessgoals
  • smallbusiness 
  • smallbusinessowners 
  • goalsetting
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Wednesday, July 14, 2021

Employee Engagement Can Have a Real Impact for Small Business Owners

 

 If you are a small business owner, you ARE the culture. So if you don't like how things are, you have to take a good look at how you interact with your employees. As a business owner, little interactions go a long way. Like it or not, you're viewed as a demi-god.

 Therefore, employees are uplifted when you walk through the office and speak to everyone and ask about their families or congratulate them on a recent achievement. Conversely, they feel slighted, if you walk through and are in your head thinking about things and totally ignore them as you pass.
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Thursday, July 8, 2021

Had Issues Getting a Bank Loan as a Black Business Owner? Get the 411

 

 Here I discuss what my definition of a business banker is - in terms of signature authority (their ability to approve a loan without getting additional approval) and what they can do for you. I provide a few examples of how a strong relationship with a business banker really helped my client. I then discuss how to start and nurture that relationship. 

As in, where do you find these individuals and how do you approach them? I talk about some of the pitfalls you may encounter, how to recognize them and what to do. 

If you would like to talk to me about financing or operational issues you are encountering...or how to help you and your firm build a relationship with a banker, you can schedule a free 20-minute consultation with me at https://theresourcefulceo.com/schedule.
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Wednesday, July 7, 2021

Why Small Business Owners Need to Engage with Employees

 

 In client and prospective companies, the business owners and CEOs do not fully realize the impact they have on employees. In fact, a few honestly have absolutely no idea. Let me be very clear: As the CEO and/or owner of a firm with employees, your employees view you as a demi-god, even if they don't admit it. 

They may complain about you, but they know you provide their paycheck and you deal with headaches they'd (usually) never want. You set the company culture, so your firm's culture largely reflects your management style and your values and priorities. Your position our words and actions carry much greater weight than the words and actions of others. 

Because of this, you can make someone’s day just by saying hi to them. On the other hand, you can mess up someone’s day by walking by them without saying a word. So say hi. Engage. Connect. And see what happens! 

Want to meet with me to discuss engagement issues or anything else? Schedule a free 20-minute consult at https://TheResourcefulCEO.com/schedule. You can also connect through our contact form if you are interested in partnering or other discussions.
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Wednesday, June 16, 2021

A Consultant vs a Fractional CEO / COO: What's the Difference? An Explan...

 

A consultant works on a project basis, identifying a scope and the objectives and deliverables the consultant will need to deliver. A fractional COO or CEO is someone who supports an organization that's either not ready to hire a full-time COO or CEO or the owner or executive management needs additional support at the CEO or COO level. 

For The Resourceful CEO, the typical time frame for fractional services is 6-12 months, although it can be longer. A fractional CEO or COO identifies the objective but takes more time to achieve the objectives. She also works dedicated hours or days, such as Tuesday from 9 am - 6 pm or 8am - 12:30 pm, depending on the scope and agreement. 

 For a free 20-minute consultation, please visit https://theresourcefulceo.com/schedule

For more articles and insights from The Resourceful CEO, check out the blog at https://theresourcefulceo.com/blog. 

#smallbiz #COO #leadership #CEO
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Thursday, May 27, 2021

Owners as Bottlenecks - How Small Business Owners Get in Their Own Way a...

 

Small business owners can be the biggest impediment to their business' success. Watch this video to learn how that occurs and what you can do about it.
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Wednesday, May 12, 2021

Special, Highly Valuable Short-term SBA 7a Loan Changes (until 9/2021) -...


In this video, I discuss the SBA 7(a) program in its current form and explain why, for the first time, I'm advocating for those who only own their house and business to pursue this loan program. But hurry! The deadline for the current phenomenal sweeteners is September 2021!! (unless Congress extends it, but don't count on that!)
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Thursday, April 29, 2021

The Resourceful CEO

 

 My name is Tiffany C. Wright. At The Resourceful CEO, I help B2B companies restructure or install the infrastructure they need to drive strong cash flow, higher profitability and greater flexibility for you as owners. This means I help you get your company to do what you intended it to do when you started it, bought it or expanded it. 

 Essentially, I’m in the business of helping B2B business owners like you achieve 4 goals: 
  1. Financial freedom 
  2. Peace of mind or stress alleviation 
  3. Legacy preservation 4) Freedom to pursue new adventures. I’m able to achieve that through a multi-tiered process that starts with business analysis. 
I deliver these results to you and your company as a consultant, fractional COO or, if you just need someone to help you stay on course, as an Advisor or Board member. 

So, if you are struggling, frustrated, tired, overwhelmed, working long hours for little return, or just know your firm can do better, schedule a free 20-minute consult with me at https://theresourcefulceo.com/schedule. You’ll complete a form. Then we’ll talk through your issues and I’ll let you know if we’re a good fit and, if so, how I can help you.
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Thursday, April 22, 2021

PPP and EIDL - April 2021 Update for Small Business Owners

 


Here is an update as of April 2021 on the status of the Paycheck Protection Program (PPP) 1st draw and 2nd draw as well as the Economic Injury Disaster Loan (EIDL). Remember the deadline for the PPP 1st or 2nd draw is currently May 31, 2021! Yes, it was extended from 3/31/21 but don’t count on it again. Act now! Watch the entire video for details and guidance.
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Wednesday, April 21, 2021

EIDL and PPP update - brief update - April 2021

Here is a VERY BRIEF (1 minute) overview of the PPP and EIDL updates. Stay tuned for the more in-depth video later today.
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Thursday, March 25, 2021

Taxes: How to Get Your Business Out of a Bad Situation - and Stay Out, P...


This is Part I, the actual presentation. If your accountant has told you you may have issues or if you have received a letter from the IRS, watch this now!
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Thursday, March 11, 2021

Sources of Capital for Small Business Owners (SMBs)

 

In this video, I discuss the various sources of capital - in other words, the business financing or business funding options, small business owners have access to based on the size, industry, and growth stage of their firm as well as its profitability, cash flow and strategy. 
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Wednesday, February 24, 2021

Accelerate Growth: How to Use M&A and Partnerships (Financial and Legal ...

Although many businesses have been closing, if you're in a position to grow, you can use this time to acquire businesses, equipment or locations. If an acquisition seems too aggressive, you can partner with like-minded firms. You can also partner to replace expertise you had to lay off, such as with a marketing or analytical firm.

Tiffany C. Wright—General and Financial Considerations for opportunity and solution identification and exploitation. 

 Roxann Smithers--Legal Considerations for emergent opportunities. 

 #financialconsultant #legaleducation #mergersacquisitionsma #mergersandacquisitions #partnerships

 

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Wednesday, February 10, 2021

EIDL Grant Update and Overview (& PUA, PPP and EIDL) for Small Business ...

Here's an overview of the EIDL Grant (~5.5 minutes), what to do and what to expect. I also briefly discuss PUA, PPP and EIDL (~2 minutes). #PPP #EIDL #Covid19 #smallbusinessfunding #womenownedbusinesses #minorityownedbusinesses #PUA #smallbusinesssupport #smallbusinessfunding #Smallbusinessfinancing
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