Business Succession Planning- How Ready Are You?
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Business Succession Planning- How Ready Are You?

Every business owner has a big dream for their company and wants to make it happen. Yet in many businesses, too little of that work goes into determining who will take over when the founder leaves the stage.  Only one in four private companies say they have a formal succession plan in place. Many CEOs are too caught up in…

We’re Halfway There, Are You Livin’ on a Prayer?
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We’re Halfway There, Are You Livin’ on a Prayer?

I remember many vacations driving to our beach destination with two young daughters asking, “Are we there yet?”. My answer was always, “Not yet” or “We’re almost there.” Any parent knows what I’m talking about. Well, we’re halfway through the year. With June 30 financials coming, it’s time to take a look to see if…

Are Processes, or the Lack of, Killing Your Productivity?

Are Processes, or the Lack of, Killing Your Productivity?

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…

4 KPI’s You Should Be Using In Your Business
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4 KPI’s You Should Be Using In Your Business

KPI’s, key performance indicators are critical for managing your business. You can’t manage what you don’t measure, right? Goals allow us to stay focused and manage our businesses effectively. Here are 4 KPI’s for you consider: Liquidity– You may be profitable, but how much cash do you have in your bank account?   Measure your cash…

What’s the impact of being one percent better?

What’s the impact of being one percent better?

Kaizen is the Japanese word for gradual continuous improvement. It simply means change for better. So, how does this apply to you and your business? As you begin to make plans for 2018, I’d like to challenge you to commit to making a series of 1% gradual continuous improvements in your business across the board….

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…

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