Growth is nearly every business owner’s goal, but the problem is that when a business grows, its processes become more complex. This is because there are more people involved, more tasks to be done, and more dependencies between those tasks. If these processes are not documented, it can be difficult to keep track of what…
Every business owner has a big dream to sell their business, achieve financial freedom, and live life on their terms. But many don’t know where to start or what to do. Recent studies show that business owners have a concept of the value of their business, but less than half of those have obtained an…
A successful business exit can be a complex and daunting process. There are many factors to consider, such as the value of the business, the best way to sell it, and how to ensure a smooth transition. That’s why it’s essential for business owners to consider following these three major steps. One of the best…
Every business owner has a big dream for their business and wants to make it happen. When it comes to hiring the right people, getting them in the right seats, and providing a culture of growth and inclusion, we often don’t know where to start or what to do. It shouldn’t be so hard to…
Successfully transitioning ownership and management of their business to the next generation is something that’s on every business owner’s mind. And their goal is to achieve financial freedom in the process. However, many business owners don’t know where to start or what to do. A recent study revealed that only about 50% of business owners…
Every business owner has a big dream for selling their business and wants to make it happen. However, many don’t know where to start or what to do. Selling a business, in some ways, is like selling a house. You don’t decide one day to put a “for sale by owner” sign in the yard…
When someone mentions they are a salesperson, mental images often come to mind of the used car salesperson that asks, “What do I need to do to get you in this car today?” People hate to be sold. But, when people are ready to buy they appreciate the help. There’s a subtle mindset shift (sell…
Every business owner understands that cash/liquidity is critical to running our business. But, knowing how much cash is needed leaves many business owners confused, frustrated, and sometimes losing sleep. It takes a guide to help us know how much cash is needed. Often, we hire an accountant or controller to keep track of cash. Some…
“Gazintas”? What is that? “Gazinta” is what I call a “goes into” and your balance sheet is full of them. Your balance sheet is dynamic, not static, and a “gazinta” indicates a change in your balance sheet and the reason. Cash going down “goes into” receivables going up or purchasing equipment for cash or funding…
Every business owner wants to increase profitability. But many CEOs/business owners don’t know where to start or what to do. Business financial literacy classes are something that many of us didn’t take in school and there’s limited to no on-the-job training to help you get there. Every business owner deserves to have a business with a…
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