Every successful business is backed by a strong team. A business can’t survive without one. However, strong teams don’t just happen. They are cultivated, using intentionality and purpose. One of the best ways to help a team bond and become stronger is to plan team-building activities that are outside the normative environment of “work.” While team-building events take some extra time away from work and require planning, the payoff in your business can be huge.
Not only do team building activities help break down barriers between the people that work for you, but they also help foster better communication, provide a boost of motivation, and help with employee retention.
If you have never heard of HUBZones and have no idea why you should even care, keep reading for a mini crash course. Although getting in bed with the government isn’t always a good thing, in this case, it could be beneficial for you and your business.
What is HUBZone Exactly?
HUBZone is an acronym that stands for Historically Underutilized Business Zone Initiative. It’s a program put into place by the U.S. Small Business Administration as a way to breathe life into rural and urban communities, including Indian reservations, that suffer from high unemployment rates and low incomes.
Fail to plan and plan to fail. Seems harsh, but it’s true. Every business needs a business plan. A business plan establishes order and helps you get organized and focused on your business goals so that you maximize your chances for success. Even companies that have been in business for a long time should be updating their business plan at least once a year to refocus.
A business plan helps you streamline marketing and growth strategies, detail business objectives, and outline the next steps you need to take. Crafting a business plan is also helpful for defining your target audience.