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The Thriving Small Business

Author: Patricia Lotich, MBA

Patricia Lotich, MBA is a Certified Manager of Quality and Organizational Excellence through the American Society for Quality. She has a driving passion to help small businesses, nonprofits and churches fulfill their mission by managing their resources of - people, time and money.
questions to ask when writing goals
Human Resources

SMART Goals – 5 Questions To Ask When Writing Goals

ByPatricia Lotich, MBA July 28, 2022December 5, 2023

We all know of successful organizations and often wonder how they do it. It may be a competitor, a vendor you do business with, or a healthcare facility down the…

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how to retain top talent
Human Resources

5 Tips For Retaining Your Best Employees

ByPatricia Lotich, MBA July 20, 2022December 5, 2023

Most business owners know who their best employees are. The problem is these same business owners lose sight of the needs of those employees and inadvertently do things that cause…

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What is a compensation strategy
Human Resources

7 Keys To An Effective Compensation Strategy

ByPatricia Lotich, MBA July 6, 2022December 5, 2023

Organizations use a compensation strategy to define how they view and manage employee pay and benefits. The strategy serves as a guide and should be outlined in a written document that clearly…

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irs standard mileage rate
Small Business Management

2022 IRS Standard Mileage Rate

ByPatricia Lotich, MBA June 22, 2022December 5, 2023

We are all feeling the pain at the pump and the IRS is responding by adjusting the 2022 mileage rate mid-year. A nice surprise in this time of extraordinary inflation!…

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how to transition an employee to supervisor
Human Resources

How to Transition an Employee to Supervisor

ByPatricia Lotich, MBA June 15, 2022December 5, 2023

As I reflect back on my career I think about the many opportunities I have had to learn and grow professionally. Professional growth often comes in the form of taking…

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cash handling policy and procedure
Quality Management | Small Business Management

Cash Handling Policy Example

ByPatricia Lotich, MBA May 26, 2022December 5, 2023

As they say, money makes the world go round. And, small businesses need money to operate – which is why a cash handling policy is so important. We live in…

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10 Ways to Protect Your Organization from Employee Fraud
Human Resources | Quality Management | Small Business Management

10 Ways to Protect Your Organization from Employee Fraud

ByPatricia Lotich, MBA May 18, 2022December 5, 2023

No business owner ever expects his/her organization to have to deal with employee fraud. However, fraud and embezzlement are very real issues for businesses. Employee fraud costs businesses billions of…

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how to delegate to employees
Small Business Management

5 Steps to Effective Delegation

ByPatricia Lotich, MBA May 11, 2022December 5, 2023

Anyone who has ever managed people or projects understands the importance of good delegation skills. Effective delegation is built off of strategy and forethought. Leaders who delegate effectively understand the…

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building blocks of a team charter statement
Small Business Management

How to Write a Team Charter

ByPatricia Lotich, MBA May 4, 2022December 5, 2023

Every business has a desire to grow. Growth is what results in more customers, more products, and efficiencies in how work gets done. Businesses grow by striving to continually improve…

Read More How to Write a Team CharterContinue

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