We’re headed into uncertain economic times. Between inflation, and the continuing war in Ukraine to another election where all these folks seem to do is yell at each other from the top of their lungs. And while your industry ...
No matter what business you're in, pricing is always a key consideration. But when it comes to an inflationary economy, pricing can be especially tricky. There are countless factors to consider, from regulatory compliance to...
One issue that seems to be coming up a lot lately for business owners is cash flow, and for good reason. If your business runs out of cash, and cannot borrow from somebody or get more investment capital, then it’s …
You probably already know that a customer or employee dependency can undermine the value of your business, but have you ever stopped to think how one of your suppliers could also lead to a valuation drop if you ever want …
While taking time off from work is often much-needed to get away from a hectic work life, research also shows that it is important for your health. Whether you have three days, one week or two weeks of glorious vacation …
The growth of your business is essential. However, to grow any enterprise you must continually seek ways to turbocharge its engine and your business is no different. Essentially, you need to develop strategies that will drive...
There are a lot of reasons business fail. Some of them are due to poor management, not being in a definable niche or just plain dumb luck. And, while these circumstances are frustrating, a lot of times they’re unavoidable. At...
If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of a traditional Christmas-tree-like organizational chart, or are you stuck in the middle of your …
Think for a moment about what does the word valuable mean for you and your business? Maybe it’s a business you can pass along to your kids or other family members? Maybe it’s one that you can use as a …
Success. Wealth. Achieving our goals. The most successful among us do certain things and act certain ways that helps them be successful. If you’re an investor, or aspiring owner, or an industry insider you’ll likely get value...
If you want to run your business rather than having it run you, you should look at the ratios we call key performance indicators or KPIs. Just like baseball’s leadoff batters who measure their “on-base percentage” or doctors ...