National Small Business Week 2023 (NSBW) kick off From May 1st to May 6th, 2023. This annual week-long celebration celebrates the country’s small businesses with events across the country and online. America’s 33 million small businesses should take the BOW and celebrate their hard work and customer service.
National Small Business Week Created and co-hosted by the Small Business Administration over 60 years ago Score, provides mentors to small businesses in America. During NSBW, SBA recognizes the hard work, ingenuity and dedication of America’s small businesses and celebrates their contribution to the economy.
National Small Business Week 2023: Advice for New Business Owners
If you were one of the 10.5 million people who started a new business last year, celebrate that you’re still in business and working towards your financial goals. The best advice I can give a new business owner is to focus on his six areas:
1. Keep track of your cash flow
Stay on top of your client’s payment process. Collect your earnings as soon as possible Get paid faster with electronic invoices. Do not offer interest free loans to Fortune 500 companies. Make sure to honor the Net 30 payment.
2. Work on customer retention
Existing customers are much easier to manage than new customers. Once clients get used to you, they’re more likely to buy again, making a second or third purchase.
3. Provide excellent service
excellent offer Customer service is important. Inspire customer loyalty and facilitate salesYour business can recoup customer acquisition costs, retain talent, and build brand loyalty by providing excellent customer service. To build a great reputation, you need to provide excellent customer service.
4. Delegate Your Path to Growth
Even if you’re limited in what you can do and think it’s better to delegate certain things yourself, that’s the best you can do for your business. As CEO, you must focus on what you do best and bring more value to the company. Delegating ensures that tasks can get done without you.
5. Leverage business apps to improve productivity
We have tools and apps to automate or outsource administrative tasks such as marketing, payroll, and HR. quick book for accounting, A Weber For email, slack communication/collaboration, Google Calendar for calendar management LinkedIn Sales Navigator for sales outreach.
6. The right people make all the difference
Your business can only grow within your reach, so you need help. Hiring the right employees is key to running and growing your business and fostering a strong company culture. Create job descriptions, interview several candidates, and plan onboarding and training new hires to ensure they are top talent.
Follow these six steps and you’ll be well on your way to long-term business success.
National Small Business Week 2023: Free Virtual Event
Want to celebrate National Small Business Week 2023 with us? Check out some of these incredible online events.
May 2: NSBW version of SmallBizChat LIVE
Guest appearance this time Barry Banther, Michele Phillips, Dee Boden. Join us here at 3pm ET
May 2-3: SBA Virtual Summit
This virtual summit will run from 11am to 6:30pm. Accelerating Growth: Discussions on accelerating business, small business futures, cybersecurity and small business, and the future of commerce. Please click here to register.
May 3: Live Office Hours for American Express Business
please join IG Live at 1pm ET.
May 3: 200th episode of SmallBizChat Podcast
Be sure to listen. We have a special announcement you can’t miss.
May 4: Free Webinar: How to Sell and Market Online.
Join us at 5pm ET So I can tell you all the secrets to growing your e-commerce business. Register here.
May 5th It’s Cinco de Mayo!
Go to your favorite Mexican restaurant with your friends and staff. Enjoy great food and drink to toast to National Small Business Week 2023 while supporting local small businesses.
