In order to survive as a sweeping contractor in today’s highly competitive market, there are several questions you need to consider. As in any business venture, taking time to evaluate a few key questions will provide a clearer picture of the direction to take to maximize your success.
The first question is: “Who is the competition?” This may sound insignificant, but many contractors don’t realize who their biggest competitors are – and it’s not necessarily the other sweeping companies in town. I recognize three categories of competition: in-house, competing sweeper companies, and others.
There’s no doubt that modern day life has vastly changed from its ancient and not-so-ancient counterparts of the past. But, does the same sentiment apply to modern day sweeping, as well?
This article offers insight into a unique way to gather new customers from out-of-business competitors.
Gale Holsman, Jr., has been in the sweeping business for almost a quarter of a century. During that time, he has bought and sold numerous sweeping companies spanning several midwestern states. Here, in an easy to listen to audio format, are Gale’s tips for what process you should follow prior to selling your sweeping company.
An article by Matt Alderton that summarizes tips from the Small Business Resource Directory. The tips are designed to ease the burden of business taxes, and includes such topics as “Get New Health Insurance” and “Save for Retirement.”
The average cost of employee theft is $159,000. Even more alarming is that the cost of embezzlement schemes at businesses with less than 100 employees is 20% more than at larger entities. Read what a pro says to do to safeguard your company.
If your cash flow is poor, this article is for you.
At some point, virtually every sweeping company will be put up for sale. On the other side of the coin, sweeping contractors who are profitable in their locale often decide that the best way to expand is through purchase of one or more sweeping companies in some other geographical area. Here are some tips about how to run your business to maximize its value to a prospective buyer, as well as some that will prove helpful no matter which side of the buy/sell equation you find yourself on.
Three small business specialists from Bank of America answer questions about what you should look for in your business banking relationship, as well as discuss what you can do to be seen in the best light by your bank.
Here are some common-sense ideas for organizing your business correctly and giving it the ability to grow profitably.
