Archive For: Business Growth
In helping small business owners for more than 2 decades, I consistently see 3 distinct problems causing them to get frustrated as hell. You’re stuck growing your business because you have one or more of theses problems! Solve these problems and you get un-stuck growing your business! You probably aren’t ... Read More
In a previous post titled The Search for Small Business Growth Continues, I discussed 5 stages and 8 business growth factors influence business growth. This is based on extensive research and two decades of seeing them in action. Understand these 8 business growth factors are consistent. They don’t change in each ... Read More
The Employee Scenarios Defined Several events recently occurred with client businesses that made me take a step back and really try to understand a why small business owner makes some of the decisions that they do! For nearly a year I have been advising one client to put better employee systems in place. Well, it’s ... Read More
Do you hope to take a vacation some day and not worry if your business will still be there when you return? Most small business owners worry about as much as they do being able to cover their bills. The problem is not many are working at getting the business to this point or even ... Read More
In the past few weeks I have had several small business owners who I’ve met with that were interested in creating self-sustainability in their business. They loved the idea that the freedom and independence which they wanted when they first started their business could be close at hand. They, like most business owners, thought their ... Read More
A good friend and associate of mine, Stacy Goff, has been saying for years that project managers are agents of change. I’ve always believed this was true, however as I’ve begun my journey down the execution “rabbit hole” it has become even clearer. Think about it. Why do you do a project? You do it ... Read More
As I presented in my previous post Succession Planning vs. Exit Planning Which Do You Use?, the primary goal of any succession plan is leadership transfer. So, you can imagine that things can get a little tricky. One of the biggest reasons is that most succession plan checklists out there seem to focus on the ... Read More
Often the terms succession planning and exit planning get used interchangeably. However, there is a definitive difference between the two. It’s important as a business owner that you understand the difference. Succession planning is really identifying, training, and transferring the leadership/management of a company to another person or team of people. Exit planning, on the ... Read More
Succession planning is something too many small business owners think about too late! Many don’t even think about succession planning because they believe that they will just sell their and that’s the end of it. However, even with the sale of a business succession planning is critical. The buyer will be your successor instead of ... Read More
In the post “What Is a Self-Sustaining Business?” the correlation between the growth cycle and creating a self-sustaining business introduced. Here I’d like to share how to scale your business to make it self-sustaining! Achieving a self-sustaining business is simple enough. You just have to achieve the goal of each of the first 3 stages of the ... Read More
Growing a self-sustaining business is the core of the Business Growth Simplified business philosophy! It is the focus of everything we do. That means we… Assist small business owners in growing a self-sustaining business. But, what does a self-sustaining business really look like, and how do you know that you’ve created one? The test for a ... Read More
To build a successful business is easier than most people think. You just need to ask the right question that lead you there in the most direct way possible Tonight I’ll be meeting a bunch of new people. Most will be at the event because they are starting their journey to build a successful business. ... Read More
There are dozens of articles and blog posts written every day about what you need to really grow a business. Most tout the most obvious aspect – more money and financing; better marketing; added sales; a raving customer; etc. Tell you something you don’t know if you own a business. You need all those things just to have a ... Read More
Last week I discussed how fear of taking action can be the killer of dreams. One reason business owners don’t take action is they don’t understand the cause and effect of their business actions. The week before last I wrote about how you can manage using operational metrics rather than just your financials. Doing so ... Read More
I have advocated for years that growing a small business is a defined and repeatable process and shared all the definitive research and available resource to support my premise. Now, let’s look at a business growth strategy that can help you apply my premise to any small business. At this point I hope you have ... Read More
To find your growth stage you need to understand business growth. Read my previous post “What’s Your Business Growth Stage?” It gives you an overview of the growth stages. Also read the post “8 Business Growth Factors You Can Influence and Grow Your Business” to see what factors truly impact small business growth. But if ... Read More
This month’s focus is on the growth stages. This is one of those critical topics that nobody really talks about. A business matures just like a person. If left to chance you can see the level of maturity of people. A business is no different. So, you need to understand the business growth stages, and ... Read More
In a previous post titled Getting Beyond the “Survival Stage” of Growth in Your Business, I touched on the process by which you begin building systems which your business can operate on its own. Here I want to focus on how you actually do it. First, the process is pretty simple: Do It Document It ... Read More
Inventor vs entrepreneur is a topic I was asked to revisit for an upcoming presentation. Back in 2010 I gave the same presentation to the Tampa Bay Inventors Council and it was well received. Not sure how many people heeded my advice, but what I presented then is still and will always be the difference ... Read More
Here are some interesting facts that I have uncovered while researching my posts, e-Books, and upcoming business book that are very revealing. Put yourself in the upper end of these categories by applying our strategic planning methodology. You can begin to apply it in growing your business using our Do It Yourself programs with one of ... Read More
