Archive For: Strategy

It’ll Never Happen to Me – Business Succession Planning

It’ll Never Happen to Me – Business Succession Planning

The Hit by a Bus Scenario Anyone that owns a business has heard about the hit by a bus scenario at some point in time. The problem is we all deny it will ever happen to us. But, is that a realistic way to look at it? Business succession planning is how you address the ... Read More
 
A Few Simple Things Bring Business Success

A Few Simple Things Bring Business Success

Business success doesn’t just happen. It’s a takes a lot of hard work. But, that hard work needs to be focused like a laser on what success means to you. Once you know what it looks like, it becomes a passion, a force more powerful than anything you can imagine, helping you accomplish things you ... Read More
 
SPARC – A Process for Creating Business Self-Sustainability

SPARC – A Process for Creating Business Self-Sustainability

I run into business owners daily that are frustrated by how chained to their business they are.  The reason for their frustration is that they started their business so that they could have MORE freedom, but just the opposite seems to be true!  This is because they built their business as a job and not to ... Read More
 
5 Reasons to Make Business Self-Sustainability a Priority

5 Reasons to Make Business Self-Sustainability a Priority

Business self-sustainability is one of the key topic I write about regularly.  That’s because there are so many benefits that you get by focusing on business self-sustainability. The last post titled, How Big Do You Need to Grow Your Business for Self-Sustainability?, I showed how little business growth is really necessary to have business self-sustainability.  ... Read More
 
How Big Do You Need to Grow Your Business For Self-Sustainability?

How Big Do You Need to Grow Your Business For Self-Sustainability?

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
 
Business Execution – 10 Things Make You More Effective

Business Execution – 10 Things Make You More Effective

Last week I started a new set of articles focused on execution titled Why Business Execution in Critical to Successful Growth.  In it I tried to convey the difference between just taking action and business execution, also known as business strategy implementation.  The main difference is FOCUSED vs RANDOM action. This is a pretty simple ... Read More
 
Understanding Strategy vs Tactics: A Key to Business Growth

Understanding Strategy vs Tactics: A Key to Business Growth

The debate over strategy vs tactics rages on and on.  It is an important topic, and I will show you why in a moment.  However, if you ask any trusted adviser you’ll find that everyone has a little different opinion.  And even worse, usually uses their perspective to explain the difference of strategy vs. tactics. ... Read More
 
Thank You and You’re Welcome – Please!!!

Thank You and You’re Welcome – Please!!!

I read a random post by an old friend on Facebook last night.  She’s not a big blogger.  But, her Facebook posts are always entertaining. So, when I saw that she had posted a blog.  I thought this should be a good laugh.  Nothing could have been farther from the truth. Her post titled “No ... Read More
 
Succession Planning vs. Exit Planning Which Do You Use?

Succession Planning vs. Exit Planning Which Do You Use?

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
 
Successful Succession Planning – 9 Things to Consider!

Successful Succession Planning – 9 Things to Consider!

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
 
3 Stages to Rapidly Achieving a Self-Sustaining Business

3 Stages to Rapidly Achieving a Self-Sustaining Business

Last week I introduced the correlation between the growth cycle and creating a self-sustaining business in my post “What Is a Self-Sustaining Business?”.  This week I’d like to share how to begin moving toward making your business self-sustaining! Achieving a self-sustaining business is easy enough.  You just have to achieve the goal of each of the first ... Read More
 
5 Questions Help You Get Past Shiny Object Syndrome

5 Questions Help You Get Past Shiny Object Syndrome

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 call – shiny object syndrome! Shiny object syndrome stems from a person’s ability to ... Read More
 
What’s Your Greatest Challenge in Exiting Your Business?

What’s Your Greatest Challenge in Exiting Your Business?

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 planning.” While I got a few interesting comments, which I plan to write on later.  ... Read More
 
6 Step to Creating A High-Impact Growth Strategy

6 Step to Creating A High-Impact Growth Strategy

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 fact that small business growth is easier than most people think.  But, ... Read More
 
3 Things to Get the Right People on the Bus

3 Things to Get the Right People on the Bus

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?  Because if they’re giving you money they want to know that ... Read More
 
5 Steps to Creating Affiliate Partnership that Work!

5 Steps to Creating Affiliate Partnership that Work!

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 result. Having been part of the business world for nearly 3 decades, and a business ... Read More
 
The 6 Step Business Success Process Re-Visited

The 6 Step Business Success Process Re-Visited

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 plan ready to get you there? Looking at this year is ... Read More
 
2 Skills Create Entrepreneurship on the Beach

2 Skills Create Entrepreneurship on the Beach

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 a business owner in the direction of entrepreneur? While here at the beach ... Read More
 
3 Reasons Growth is Hard for Small Business Owners

3 Reasons Growth is Hard for Small Business Owners

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 you understand the cause and effect impact of your decisions on their business? Do you ... Read More