For small business owners employee turnover is a fact of life. One of our clients put it very well the other day when he said, “I am not in the restaurant business. I am running an employee training business because of the constant need to train stream of new employees that I have to hire because of turnover.”

High turnover raises number of issues for all businesses, ranging from having to spend money in hiring and training new employees to impact on business operations and customer service due to constant churn of new people. That’s why it is paramount for all businesses, and particularly for small business owners, to reduce the employee turnover.

There are steps you can take to deal with this issue and reduce the turnover. Here are our suggestions collected from personal experience and from talking to our business colleagues.

• Give them what they want. My father, who owned a business all his life used to say – “Every person has needs and…

So, I've always prided myself on being an individual. That's it. Very simple. That's my punch line. I've never been one to purchase the most obvious buy in the mall. I would rather look at the other pieces of clothing and mix and match. A dreadful day it was, back in college...I got all dressed and really casual yet cute looking. Walked downstairs to the college event and someone else had on the same exact outfit as I did. In complete horror, I ran back upstairs and changed. I thought to myself, "Now how in the world did she find that shirt?". Needless to say, everyone was making comments on the fact that we were wearing the same thing. Even though the shirt was really unique and unlike anything the average person would wear, we both had it on. AWKWARD!!! The other girl thought it was actually a cute coincidence and didn't seem to mind. NOT!!!…

Did you know? 1 in every 2 small businesses in the US struggle because of customers that can't or won't pay. This creates an even larger problem for these small businesses because it affects their cash flow (which is the ultimate thing that small businesses must have control over). If these businesses aren’t receiving the money they are owed, it puts a major hitch in their business operations. Small businesses need to aim to solve this issue and take care of it from the very beginning. As a small business owner, learn how to strategically manage your accounts receivable in these 5 steps.

1 – Extend credit to the RIGHT customers – Many of your accounts receivable headaches can be prevented by only allowing customers who can be responsible to operate on net terms. We understand, though, that this can be hard to predict. However, take every possible precaution you can. How? Create a written credit…

With the power of social media, anyone can be a rock-star entrepreneur. And get paid like one if you’re willing to try a new pricing model. Micro-pricing!

An Internet Gutenberg

When Gutenberg invented the printing press he set the written word free. One of my favorite authors, Stephen King, became one of the first self-published authors on the internet. King did something similar. He set authors free.

How? King published each chapter of his book for just $1. Definitely not the traditional publishing model that takes years before you see fame or fortune. He removed his publisher as the middleman and went straight to his adoring fans that were eager to consume more of his content. (Note: King’s books are like literary crack. Once you turn the first page you don’t stop til…