Most business owners think growth requires nonstop effort. What if it didn’t? The grind. It’s the badge of honor for most business owners. Yet, more hours don’t always equal more profit. What if you could achieve profitability without burning the candle at both ends? Here’s the good news: it’s possible. By making small, strategic shifts,…
Running a business is no small feat. It’s a relentless push to grow, adapt, and stay ahead. But what happens when the numbers don’t add up, and the path forward feels hazy? For bold, ambitious, and confident business owners—especially Baby Boomers and Gen Xers—financial confusion can feel like a betrayal of your own success story. …
As a small business owner, you have poured countless hours, commitment, and resources into building your enterprise. When the time comes to implement an exit strategy, it is crucial to be ready to maximize the value of your business. By thinking about, planning and applying strategic measures early on, you can significantly enhance its appeal…
Let’s be honest. Building a business is not for the faint-hearted. It’s like wrestling a bear every day, and just when you think you’ve got it pinned, the bear doubles in size. The daily grind leaves you juggling numbers, nurturing growth, managing a team, and—oh, let’s not forget—turning a profit. It’s a hero’s journey, and…
It was a late summer morning when Sarah, the owner of a family-run manufacturing business, realized she needed a change. Despite her business generating steady revenue, profits weren’t adding up as expected. Rising expenses, overtime labor costs, and increasing supply chain costs were quietly eating away at her bottom line. Sarah knew that with razor-thin…
Exit planning. Sounds like the kind of thing you only need if you’re plotting a daring escape from a spy movie, right? For many business owners, the idea of stepping away from their company seems far off, a challenge for “someday.” But here’s the reality: exit planning is the strategic roadmap for how you’ll leave…
This episode of ProfitSense, hosted by Bill McDermott, explores crucial elements for business success, featuring insights from Katie Taylor of K.B. Taylor Marketing, Bruce Burkholder from Robins, Eskew, Smith & Jordan CPAs, and Peter Faser with The Profitability Coach. The session delves into marketing strategies for small to medium-sized businesses, emphasizing the importance of comprehensive plans…
Profitability coaching is a specialized form of coaching that focuses on enhancing a company’s financial performance. But what does this look like in practice? It is a 3-step process, and your profitability coach is there with you every step of the way! The Profitability Coaching Process Step 1: Comprehensive Financial Assessment The journey begins with…
As a business owner, you juggle multiple roles all at once. You are the visionary, the strategist, a salesperson, and sometimes even a customer service representative. But are you a Profitability expert? If not, a Profitability Coach could be the solution you need to help you achieve your important business goals. What is a Profitability…
It’s important for business owners to understand the differences between a business coach and a profitability coach to make informed decisions about which type of coaching can best meet their specific needs and goals. Although both types of coaches aim to enhance a business’s success, they focus on different aspects and employ distinct methodologies. Here…
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