Getting Your Small Business Out of Debt

You know what they say, “you have to spend money to make money.” ‘They,’ apparently, have never been in serious business debt. While some business debt is good, there’s a point where even good debt turns bad. That point occurs when you can no longer afford to pay what you owe. If you have far surpassed that point and are now desperate to get back into good financial standing without declaring bankruptcy or selling your business (as the majority of SMB owners do), Oasis Consulting Group offers these tips for getting your business back on track today.

Make a New Small Business Budget

According to Bench, overwhelming debt is often just disorganized income. If you struggle with business debt but cannot identify where every dollar of profit is going, your debt-paydown solution may be as simple as restructuring your budget to optimize your income.

Look at your current numbers to see if there are any places you can cut back on spending. Is there money going out that doesn’t need to? Can you free up some money by reducing expenditures in other areas? You may be surprised to learn that your found money is enough to cover your payments each month.

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Better Together: How to Improve Cross Collaboration Across Your Business

When it comes to business, you’re only as powerful as your people. And if you want to get the best out of them, it’s important to create a working environment that makes it easier for staff to pitch in and work together effectively – here’s how to get started.

Provide the Right Tools

For maximum cohesion, you need to make sure that you’re providing your employees with the right tools. The good news is that there’s a wealth of innovative software designed to help teams share files, communicate freely and better organize projects. It’s crucial that you utilize these options and encourage your team to connect to each other digitally.

As a supervisor, process mapping is an ideal aid for you and your team to keep track of each other’s progress on a particular project, helping you all to stay organized and improve efficiency. These tools are a key part of helping you to identify problem areas and ensure progress on an assignment.

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How to Start a Business for Under $10,000

Think you can’t afford to start a business? Let these tips from Oasis Consulting Group change your mind.

More than half of small businesses launched during the pandemic started with less than $10,000 in funding. These entrepreneurs didn’t apply for bank loans or woo investors to fund their startups. Instead, the vast majority relied on personal funds and family and friends to get their businesses up and running.

How can so many businesses launch with such small budgets?

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How to Put Together a Remote Team That Slays

There are plenty of benefits to employing a remote workforce. No matter what type or size of business you run, you can land top-notch talent from across the globe, save money, and make your operations more efficient, among other things.

But the success of your remote team will largely depend on recruiting the right people and employing effective management strategies. If you’re a female business owner on the verge of putting together a team of remote workers, check out these practical tips.

Evaluate Your Business Structure

One of the most fundamental steps of starting a business is choosing what type of business structure to set up. Even if you have an established business, it’s best practice to revisit your structure from time to time to ensure it is suiting the needs of your company.

If you’re planning to put together a remote team, consider forming an LLC. Doing so can result in various tax benefits, limited liability, and many other perks. Also, think about setting up a “doing business as” for your business. This will allow you to sell products or services under a different name, among other things.

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Tips for Staying Healthy and Stress Free

The human response system is wired in “flight-or-fight” mode at all times.  When we experience stress that response is kicked into overdrive as our body interprets it as threatening, thus keeping individuals on edge constantly.  And with the current pandemic, a lot of individuals stress levels have skyrocketed.  So, in an effort to help you lower your stress, here are some tips that will help you put your mind at ease.

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Tips for Creating a Modern Kitchen

Outside the living room, the kitchen is one of the most important rooms in any residence.  Keeping it clean, and decorating it in a hi-tech, modern, gorgeous way is every homeowners dream.  Lately a trend seems to be developing where owners are buying houses with smaller kitchens to match their hectic lifestyles.  Below are a few tips that will accomplish the task of creating a reduced sized kitchen that is chic and efficient.

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