I see small business owners get distracted from their main vision all the time. It’s amazing how many owners have attention deficit disorder (ADD). ADD can be a strength in business. But, it also presents its challenges by creating what I … [Read more...]
Is Your Business Ready for You to Leave? Last week I post a question, “What's Your Greatest Challenge in Exiting Your Business?”, on LinkedIn. My intent was to get some feedback before writing the next few weeks’ posts on “exit/succession … [Read more...]
I have advocated for years that growing a small business is a defined and repeatable process. The past few weeks I shared all the definitive research and available resource to support my premise. My hope is you now have an appreciation for the … [Read more...]
To build a business it takes a team. In fact, it’s more important than most small business owners think! Ask any investor or lender and 9 times out of 10 they’ll tell you the most important factor that they evaluate is the TEAM. Why? … [Read more...]
Nothing Happens Until Someone Executes I am always asked to participate in ventures, join alliances, and partner with businesses. Rarely do I get involved. And, my rationale for saying “no” seems to upset a lot of people as a … [Read more...]
Last week in the post Will Your Business Grow This Year? I asked some very tough questions to get you thinking about what’s necessary to assure you’ll hit your business goals for this year. Have you asked the questions yet? And is your Q4 … [Read more...]
Been at the beach for a short vacation this weekend and made a surprising observation. It doesn’t matter how big or small an establishment, if you think like an entrepreneur you can build a self-sustaining business! What are the things that move … [Read more...]
If you are a small business owners struggling with the growth of your business there are 3 potential strategic factors that are keeping you from small business growth. Do you fully understand your desired personal outcome for your business? Do … [Read more...]
I attend a lot of meetings and seminars focused on exit planning. But, most fall short because they only focus on the transactional portion of the process. In fact, if you follow the advice that I’ve been posting for more than 2 ½ years now, … [Read more...]
All the small business economic trends according to the National Federation of Independent Businesses (NFIB) seem to be pointing to the fact that the economy is picking up. And, businesses are beginning to focus on growing again. Have you built … [Read more...]
Several weeks back I wrote a post titled Entrepreneurs Build an Asset NOT Just a Job . In it I began to present the difference between small business owners and entrepreneurs. While there are many differences and similarities I find a key … [Read more...]
Monitoring the Right Things for Your Business Plans down always work out exactly as you thought. The more rapidly that you can make adjustments the faster you’ll get to your objective. That means monitoring regularly. Many small business … [Read more...]
So now you have found your passion and have set a business vision to consciously use your company as a vehicle to realize success. Many people begin scrambling to make things happen. This is a mistake! Like anyone else, you only have limited … [Read more...]
In Success Step 1 – Define You Passion, you got a better idea of what success really looks like to you – both personally and professionally. Now you need to apply this new found understanding to your business. You do this by creating a … [Read more...]
I was at a networking event this morning for business transition planning. The statistics were shocking as to how few small business owners really think about transition planning, or more traditionally referred to as exit planning. As the … [Read more...]
I picked this topic because I am up to my neck in interviews this week. A client finally admitted he didn’t want to do his job any more so we are trying to find his replacement. An example of how many small business owners start a business for … [Read more...]
Social media is all the rage these days. Millions use it daily as their way of communicating with the world, making it ripe for the picking as a business tool. But, too frequently I see business owners rush off into social media without a clear … [Read more...]
Stagnant growth is a result of a misfiring revenue engine. In order to grow your business you must expand. The revenue engine is a concept DE, Inc created to explain how to evaluate the operational cash flow cycle of the business to small … [Read more...]
If your profits are not where you want them there is only 2 things that can be wrong – either you don’t have enough revenue and/or your expenses are too high! Sorry to make it so simple, but it is! Too frequently entrepreneurs overcomplicate … [Read more...]
Growing a small business is actually a simple process. There is a defined and predictable formula to small business growth. The problem is most small business owners don’t take the time to learn the formula! While the formula is simple it is … [Read more...]
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