<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=905697862838810&amp;ev=PageView&amp;noscript=1">

BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Death Can Ruin Your Business Plans

Imagine building your business over several decades, starting to plan your business exit, then dying unexpectedly before you can implement your plans. Business owners rarely think about how an unexpected death or permanent disability can derail even the most carefully created plans. When you think about it, this makes sense: if you were always worried about what could go wrong, you probably never would have started your business in the first place.

Read More

Streamline Operations with the 5 S's

There are thousands of companies throughout the world that all have one thing in common, to operate efficiently. Without a goal to keep work organized and producing quality goods and services—eventually the company could face closing its doors forever. Luckily, there is a popular and simple technique that originated in Japan and has become a way to help streamline operations called the 5S’s. The 5S’s in Japanese mean: Seiri, Seiton, Seiso, Seiketsu, and Shitsuke. In English they translate to: Sort, Straighten, Shine, Standardize, and Sustain, respectively.

Believed to be created by Toyota representatives, Sakichi Toyoda, Kiichiro, and Taiichi Ohno in the 1970s, more and more manufacturing and other companies implemented the 5S’s to help streamline operations, reduce waste and costs, and become more efficient. This lean method to help operations become more efficient was based on observations that the three Toyota representatives observed at Ford Motor Company and the Piggly Wiggly.

Read More

Six Steps to Building Your Company's Succession Plan

Your business is important to you, and changes to it can make any business owner and employees feel uneasy. But, in order to sustain a successful business after you depart, you must plan accordingly and surround yourself with the right tools, resources, and an educated advisor to build a solid succession plan.

Here are the top six steps to guide you in your preparation to build your company's succession plan.

Read More