Two Stumbling Blocks to Growing Your Company

Two Stumbling Blocks to Growing Your Company

Growth always requires cash. Why? Many business owners are seeing a rapid increase in the demand for their products and services. The additional revenue, while good, can be a mixed blessing because it cost money to ramp up production if you manufacture or ramping up people if you’re in a service business. The added revenue…

2 Questions You Must Answer Before Talking to a Bank
|

2 Questions You Must Answer Before Talking to a Bank

Trying to get a line of credit? Frustrated with the bank process? You’re not alone. Navigating the banking landscape can be a very time consuming process.   There are two questions you need to answer before you start. Are you bank ready? Are you bankable? What is bank ready? Bank ready is nothing more than being…

How to Prepare for an Acquisition
|

How to Prepare for an Acquisition

I had the privilege of speaking with a group of investments managers last week.  One of the points I emphasized was that most business owners are terribly undiversified and the largest asset they own is the investment in their closely held business.  To make the diversification worse, the business is also the sole source of their…

How Does Execution Affect Your Bottom Line?
|

How Does Execution Affect Your Bottom Line?

We’re ending a four part series on how Strategy, People and Processes affect your bottom line. Today we’re going to talk about how execution affects your bottom line. Unless your business is totally automated with robotics, it will be people executing your business plan. There will come a time when your business may struggle to…

How Does Strategy Affect Your Bottom Line?
|

How Does Strategy Affect Your Bottom Line?

In our past two articles, we’ve talked about how processes and people impact your bottom line. This week we’re going to talk about strategy. It will actually fit nicely in to what we’ve talked about the past two weeks because people execute strategy and there are processes required to execute it correctly. Here are 4…

How Do Your People Affect Your Bottom Line
|

How Do Your People Affect Your Bottom Line

Are you looking to fill vacancies in your organization? Having a hard time finding the right people? There’s a war for talent going on in the marketplace. There are not enough people to fill all the openings in your business. Your best prospects for employment are your competitor’s best people, but the reverse is also…

End of content

End of content