The Budget Cycle

Posted by Christine Vogt on Aug 12, 2020 11:29 AM

 

The budget cycle is the period of time between one budget and the next. It involves a series of steps that form a cycle.

 

The budget cycle involves the creation of the budget, its validation (by testing current versus expected performance), the examination of variances (actual versus budget performance), the implementation of any corrective actions, and the revision of the budget based on feedback.

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5 Need-to-Know Characteristics of Millennial Buyers

Posted by Skye Learning Team on Aug 5, 2020 12:54 PM

 

Buyers are evolving faster than sellers.

 

A major factor in the growing gap between buyer and seller is the rise of millennial decision-makers. There are more than 11 million Millennials worldwide on LinkedIn alone. Mobile technology, increased information, more market transparency, and data analytics are some of the elements shaping how Millennials make buying decisions for their organizations. Sellers must adapt to the following shifts in order to win the attention, business, and loyalty of millennial buyers. Check out our latest infographic for five need-to-know characteristics of millennial buyers.

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Subject Matter Expert Spotlight: Franky Descoteaux

Posted by Katie Sica on Jul 31, 2020 12:19 PM

 

Franky Descoteaux is a speaker, business coach, podcast host, video producer, and consultant for startup, growth, and crisis-stage businesses and nonprofits. She has launched four businesses and two nonprofit programs, coached a number of entrepreneurs, and managed several crisis turnarounds. Skye Learning was thrilled to feature Descoteaux in Introduction to Small Business Management, a course in Skye’s Certificate in Small Business Management.

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5 Disadvantages of Starting a Small Business

Posted by Skye Learning Team on Jul 30, 2020 10:00 AM

 

Dreams of financial independence and career flexibility drive many people to start new businesses, but only half of those enterprises survive after five years. Although the payoffs can indeed be significant, many who hope to start a business underestimate the required upfront and ongoing commitment to maintain the business.

 

Check out our latest infographic and learn about some of the challenges you might face when starting your own business.

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5 Advantages of Starting a Small Business

Posted by Skye Learning Team on Jul 23, 2020 3:36 PM

 

Small business, which is defined by the Small Business Administration (SBA) as a company with fewer than 500 employees, is vital to the health of the U.S. economy. Today, more than half of America's workers either own or work for a small business. 

  

Why do people want to own or manage a small business? They'll tell you that running a small business lets you control your own destiny. You get to pick the people you work with. You establish your own work-life balance. You decide how much risk you want to take. And you enjoy the rewards of success.

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Subject Matter Expert Spotlight: Shelly Berman-Rubera

Posted by Katie Sica on Jun 26, 2020 1:21 PM

 

This week, Skye Learning is spotlighting Shelly Berman-Rubera, a business coach and strategist who is the founder and president of Small Business Results (SBR). She is a Certified Small Business Coach with a Master Certification in Business Management. Skye was thrilled to include her in Introduction to Small Business Management, a course in the Certificate in Small Business Management

 

For 20 years, Berman-Rubera was the small business owner of a lifestyle and fitness company called Professional Fitness by Shelly. For the past 16 years, she has focused on personalized, boutique-style business coaching. Berman-Rubera’s practice is founded on her “SBR Signature System,” including her 6 Steps to Small Business Results.

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8 Keys to Managing People

Posted by Christine Vogt on Jun 17, 2020 11:34 AM

Your employees will look to management for guidance on how they are expected to accomplish given goals. You will be called upon to decide the order or priority of tasks, the individuals responsible for completing them, the manner in which they are to be performed, and the tools that will be used to measure progress.

Managers must consider a number of factors when setting schedules and assigning work tasks, including the skill levels and experience of workers and how well a given set of employees work together. Flexibility is key when dealing with unanticipated scheduling problems.

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Subject Matter Expert Spotlight: Dax Grantham

Posted by Katie Sica on May 8, 2020 10:44 AM

Dax Grantham is a small business attorney and the owner of Grantham Law in Woburn, MA. Skye Learning is thrilled to feature Grantham as a subject matter expert in Law for Small Businesses.

Grantham provides legal services to business and individuals across eastern Massachusetts, primarily offering general counsel services to emerging small businesses. He also practices in the areas of business/corporate law, personal and business bankruptcy, and business litigation. He has practiced law for nearly twenty years.

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Subject Matter Expert Spotlight: Kim Dawson

Posted by Katie Sica on Apr 10, 2020 10:45 AM

This week, Skye Learning is spotlighting Kim Dawson, a business strategist, management consultant, and virtual CFO for small businesses. Dawson’s expert commentary is featured in Skye’s Introduction to Small Business Management.

Dawson has significant experience in the field as former Business Owner of The Wellness company, a fitness studio and consulting practice. She was also Co-Owner of Atalasoft, a software company providing high-performance imaging libraries. Now, through K.Dawson Company, she helps small business owners set financial goals, increase revenue, improve sustainability, and more.

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Subject Matter Expert Spotlight: Dani Whitestone

Posted by Katie Sica on Mar 13, 2020 1:55 PM

Dani Whitestone is an accomplished entrepreneur and business coach with more than 20 years experience managing small businesses and mentoring small business owners. She was President and Founder of Musical Resources as well as Co-Founder and Director of Sales and Marketing for TurboLaw Software.

In 2018, Whitestone founded the Women’s Small Business & Leadership Network, where she serves as a small business mentor. This community offers support and mentorship for women small business owners; women interested in participating can join now on Facebook.

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