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…
When you start imagining what your business could become, you dream up a wildly successful business with lots of cash flow and profitability, right? Nobody’s business fails in their wildest dreams. The problem is that most business owners don’t follow a unified strategy to reach these business goals. Left to our own devices, we generate more ideas than…
Every business owner wants the business of their dreams. But sometimes they don’t follow a unified strategy of people and processes to get them there. It can be hard to know when you truly need more hands to accomplish your goals and keep the business running smoothly and efficiently. Leaders often have trouble “pulling the…
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…
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…
Have you heard the saying, you can’t see the forest for the trees?” Well, many times business owners are so busy working in their business, they don’t take time to work on their business. What does that mean? The only person in your company who is motivated to grow your company is you. All 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…
Soon it will be time to close the books on 2017 and your thoughts are shifting to 2018. Likely, there are some things that went quite well, but if you had a do-over, there are things that you may have done differently. To stimulate your thinking towards next year, here are 4 critical things to…
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…
How much money are you going to make this year? Since 75% of the year is over, October and November are good months to get with your CPA and discuss tax strategies. While it’s a good idea to minimize taxes, many of you could have cash flow or leverage covenants on the credit commitments with…
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