This Week in Small Business: From Healthcare to Difficult Questions

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Sometimes, it can be hard to know if you should change direction.

This week on Bplans, we covered practical advice on how to maneuver the difficult healthcare market, as well as how to build up your credit, how to respond to difficult questions from investors, and more.

1. 5 Ways Small Business Owners Can Save on Healthcare Finances

Depending on the size of your business, you may be required to provide healthcare for your employees. While this can be costly for businesses, not providing good coverage options may drive away valuable talent. Here are five things you need to know about offering health insurance, which can help save your business money.

2. How to Respond When You Don’t Know the Answer to an Investor’s Question

If you’re preparing to pitch your business to potential investors, you might be feeling panicked at the idea of being asked a question you don’t know the answer to. Will it make you look silly, uninformed, and—worst of all—not worthy of investment? Sabrina Parsons, CEO of Palo Alto Software, lays out just what to do in this situation. Check out this article and you’ll be able to handle even the most difficult line of questioning gracefully.

3. Should You Stick to the Plan or Change It?

We all know that even businesses with great plans can sometimes encounter stalls or unexpected roadblocks. When these arise, should you keep to your original plan, or reevaluate it? While there is an argument for consistency, it’s also often fruitless to stick to a plan just for the sake of it. Palo Alto Software founder Tim Berry weighs each side of the issue.

Do you stick to your original plan no matter what, or do you like to change it up often?

4. 6 Steps to Building a Rock Star Credit Score

Poor credit will not only get in your way of things like getting a mortgage or a new car—it will also make it hard for you to get a business loan. But don’t despair—there are measures you can take to build your credit back up again. Follow these six steps, and you’ll have rock star credit in no time.

5. 4 Steps to Making Your Next Great Idea a Reality

Congratulations! You have an idea for a new product. But how do you make that great idea a reality? It can be difficult to transition out of the idea phase into the actualization of your vision, but if you follow these four simple steps, you should be there in no time.

Do you have experience bolstering poor credit successfully? How about turning your great idea into an actual product? Share your experiences with us in the comments.

Posted in Management