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5 Steps for Creating Accountability in Your Business

5 Steps for Creating Accountability in Your Business

Creating Accountability is Critical to Business Growth

I talk with small business owners struggling with employee issues all the time.  .  I often hear “Oh, that stuff is just for big companies.  We only have 10 employees.”

Their mistake is that if business growth is really the goal, then they need to start thinking more like a big company.…

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10 Keys to a Success Business Plan

10 Keys to a Success Business Plan

I saw this article and infographic in Entrepreneur and said “they nailed it!”  You’ve heard me talk about business plans from time to time.  It’s not the plan that is important to you as a business owner.  It’s what you learn by going through the process that helps you!…

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Creating Business Systems – Your Key to Self-Sustainability

Creating Business Systems – Your Key to Self-Sustainability

It is amazing how many businesses are stuck in stage 2 – the survival stage of growth.  What is it that causes this to become an obstacle to business owners developing a self-sustaining business?  In a word – MANAGEMENT!

If you aren’t already familiar with the stages  of the growth cycle or the main goal of the survival and success stages I would recommend that you watch the short video below before you read on.…

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5 Things You Can Do Now to Improve Revenue Next Year

5 Things You Can Do Now to Improve Revenue Next Year

Well fourth quarter is here. While many will scramble to hit their revenue goals, if they’re not on track yet it’s probably because they started too late last year.  So, this year start earlier to improve revenue next!!!

Most sales managers will tell you, if the sales aren’t already in the pipeline, hitting your goal is a shot in the dark.  …

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8 Critical Factors for Any Succession Plan

8 Critical Factors for Any Succession Plan

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 transaction aspects of the transfer.…

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Cash Flow is KING: How to Monitor It Easily!

Cash Flow is KING: How to Monitor It Easily!

While cash flow is a regular topic here, it’s been a while since we hit the topic from a finance and accounting perspective.  While many small business owners find accounting to be tedious it is extremely important if you ever want to have success with your business.…

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6 Questions That Help You Increase Revenue

6 Questions That Help You Increase Revenue

Completing Your Mid-Year Sales Recalibration

We’ve hit the mid-year point again.  Many small businesses are looking at their numbers and asking “can we get there from here?”  That depends, are you going to leave it to chance or are you going to aggressively manage it?…

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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. …

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Personal Credit Card Usage for Business May be More Pain Than Relief

The number of people using their personal credit cards for business purpose is growing and that might just prove to be a disastrous financial decision given the risk of mixing pleasure with business. The National Federation of Independent Businesses has found that the percentage of small business entrepreneurs using their personal credit cards to incur business costs have gone up from 42% in 2009 to 49% in 2011.…

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