GROWTH STRATEGIES

You’ve got a solid business idea, some traction, and a small crew keeping things running. Life’s good. But then you start noticing cracks. Someone missed payroll paperwork. Another team member is upset about unclear benefits. A new hire quit after two weeks because onboarding was a mess. If this sounds familiar or is a situation…

High employee turnover costs businesses far more than most owners realize. When valued team members walk out the door, they take institutional knowledge, client relationships, and hard-earned skills with them. The financial impact is immediate, affecting recruitment costs, training expenses, and lost productivity during transition periods. Smart business owners recognize that keeping good employees is…

When most people think about work, “fun” probably isn’t the first word that comes to mind. Deadlines, meetings, and spreadsheets? Sure. But laughter, camaraderie, and a little silliness? That often feels like a luxury, not a priority. Here’s the truth: Fun at work isn’t just about blowing off steam or throwing office parties. It’s a…

BCH’s AMEN Corner – Affluent Minority Entrepreneur News Many minority-owned businesses begin as lean, founder-driven operations. The owner wears every hat—from CEO to sales lead to bookkeeper. But as the company grows, opportunities expand and challenges become more complex. At some point, the question arises: Should I establish a board of directors? A board can…

Many people view entrepreneurs as the public face and spokesperson for their companies. Their capacity for inspiration and persuasion can spur early development. However, depending solely on the founder’s voice becomes a restriction when ventures grow. It is hard to maintain and impossible to scale an influence that is dependent on a single person. Entrepreneurs…

Businesses without a solid framework of guiding principles are like ships adrift at sea—directionless and vulnerable to the whims of external forces. In contrast, companies with a clear purpose, vision, mission, and set of core values are anchored by a resilient internal structure. This structure not only provides stability in turbulent times but also fosters…

Why acting early feels risky but thinking late is deadly Most leaders don’t ignore change because they don’t care. They ignore it because, in the moment, it doesn’t feel urgent. When the metrics look good and the operations hum along, making time for possibility feels indulgent. But that’s precisely what separates the visionary leaders from…

Blink and you’re halfway through the year. And you’re wondering, “Am I actually making progress?” You’re juggling multiple projects and started the year with a full planner and high hopes. But as the summer sun rolls in, you realize you had no idea if you were actually moving forward—or just staying busy. If that sounds…

Navigating today’s volatile economic landscape requires more than just gut instinct. For any size business or organization, but especially the individual founder, it demands agility, discipline, and a clear reassessment of risk. Uncertainty is now the hallmark of the market environment, with even the most experienced strategists acknowledging their predictions are filled with more caveats…

As the day-to-day leader of your business, it’s vital to consistently prepare for the possibility of a sale—regardless of whether that day actually arrives. This preparation might include setting measurable growth goals, innovating team incentives that align with company objectives, or investing in essential systems, technology, and personnel that are key to your market position.…

Scaling a business is more than just increasing sales or hiring more employees. It’s about creating a foundation that allows for growth without collapsing under pressure. According to Tony DiSilvestro in The Business Scaling Blueprint: Building a Foundation to Grow Your Brand, true scaling is a strategic and systematic approach that ensures longevity, efficiency, and profitability.…

The COVID-19 pandemic inspired many would-be entrepreneurs to take the leap into starting their own small businesses. The flexibility of being one’s own boss is certainly an exciting prospect, but it is essential to understand the risks that also come along with forming a startup. Studies have shown that about 90 percent of startups fail,…

It’s no secret that the COVD-19 pandemic has severely impacted the business sector. However, businesses owned by minorities may find it more difficult to work their way towards recovery. A US Chamber of Commerce post on the pandemic’s effect on minority-owned businesses highlights how there’s a larger concentration of minority-owned businesses in industries that are more vulnerable…