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…
Every business owner wants to maximize cash flow and profitability. But I’ve found that while business owners are excellent at their craft, they often struggle to understand and manage the financial side of their business. They don’t know where to start or what to do. This leads to making common mistakes that when left unchecked,…
As a CEO, it can be lonely at the top and they often struggle to know whether their actions and decisions are helping their company or hurting it. How do they achieve excellence? What separates great CEOs from the good ones? These questions often leave new CEOs overwhelmed and frustrated. Every CEO deserves to have…
Every business owner dreams of a big pay day when they sell their business and go off on around the world trip. However, many owners don’t follow a unified strategy of how to go about selling their business, leaving them confused and frustrated because they don’t know where to start. The top 2 characteristics of a quality…
One of the topics I talk about most with business owners is accountability. Each situation is different, but rarely do I have a client that doesn’t struggle with accountability at some point over the course of owning their business. One client right now has run a very successful company for over 48 years. But when…
Have you ever stopped and examined your mindset as a business owner and leader? Your mindset impacts all aspects of your company—how you view situations and people and how you approach challenges and opportunities. It is much more nuanced than simply having a positive or negative mindset. Check out these two business owners with dramatically…
There isn’t a business owner who doesn’t want to maximize cash flow. But managing cash flow is hard. You don’t know what you should be paying attention to. You’re not sure if the decisions you’re making are helping or hurting. I get it. So, it’s time for some ugly truth about cash flow. Your business…
KPI’s, Key Performance Indicators, can change based on what management is looking for our in their performance. The consequence of focusing on certain performance indicators can easily cause a business owner to get more granular in their focus or the positive result in a management change in another. Here’s two stories of how this might…
When it comes time to renew your line of credit you might be wondering, what’s my banker thinking? For bankers, everything about your line of credit is analyzing any changes in risk. The financials tell a story about what happened in the business this past year. But more importantly your banker will ask you the…
Processes are supposed to help organizations scale and improve efficiency, but they can quickly get out of control. The flip side is a lack of processes can create inefficiencies. The lack of processes or process redundancy can have a significant impact to your bottom line. Here are a few examples of productivity killers that might…
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