In increasingly competitive industries and operating environments, more companies are being highly intentional with their company culture as a means to drive desired results. For firms that believe in engaging employees, providing more directed training, or offering a more flexible work environment, technology, in its various forms, is a critical tool.

While your business may be growing, you may have not yet reached a point where you have a dedicated human resources department. But, you need to take on additional employees. What hiring tips can you follow to help your company grow?

Using legacy equipment presents a number of risks and challenges, including the potential for work stoppages or injury. Staying ahead of breakdowns by keeping detailed notes can not only help your business keep running — it may help you form a business case for funding replacements.

While partnering with your competitors may seem counterintuitive, "coopetition" may have its benefits. From creating new products and services to offloading excess space, working together can lead to fruitful partnerships between rivals.

In a bygone era, technology may not have been a top priority for small businesses. That's certainly not the case today. In the manufacturing sector, in particular, the rush to embrace and embed new manufacturing technology to break down the barriers between the physical and digital world, known as "Industry 4.0," is the latest example of how organizations are increasingly becoming more sophisticated in order to compete.

Manufacturing has been ahead of the curve with automation — at least in terms of production. But when it comes to business process automation, the industry has been slower to adapt.

At Boston Private, we’re solidly committed to serving all of the people within our footprint. That’s why we work in close partnership with diverse groups of people and organizations in our neighborhoods to give them access to capital for a variety of programs that serve low- and moderate-income people.