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8 Business Growth Factors You Can Influence and Grow Your Business

8 Business Growth Factors You Can Influence and Grow Your Business

In a previous post titled The Search for Small Business Growth Continues, I discussed that there are five stages and eight business growth factors that influence business growth.  This is based on extensive research and more than two decades of seeing them in action. In this post, I want you to understand what REALLY influences growth.  This ... Read More
 
Do You Think Like a Business Owner or Entrepreneur?

Do You Think Like a Business Owner or Entrepreneur?

The Employee Scenarios Defined Several events recently occurred with client businesses that have made me take a step back and really try to understand why business owners make 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 finally ... 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
 
CHANGE is the Main Purpose of Every Project

CHANGE is the Main Purpose of Every Project

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
 
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 ... 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
 
What Is a Self-Sustaining Business?

What Is a Self-Sustaining Business?

I talk about a creating self-sustaining business all the time.  In fact, it’s the core of the Business Growth Simplified business philosophy! 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 to determine if you ... Read More
 
Build a Successful Business by Asking the Right Question

Build a Successful Business by Asking the Right Question

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
 
5 Owner Competencies Required for Rapid Business Growth

5 Owner Competencies Required for Rapid Business Growth

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
 

Tuning Your Revenue Engine – A Real World Story

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
 
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
 
Finding Your Business’ Growth Stage!

Finding Your Business’ Growth Stage!

Last week I set the stage for understanding contributing factors to growth.  Also, it’s important to understand what’s required in each of these factors changes as you move from one growth stage to another. But if you don’t understand where you are currently, how do you know what you need to focus on to move ... Read More
 
Do You Know Your Business’ Growth Cycle Stage?

Do You Know Your Business’ Growth Cycle Stage?

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
 
5 Steps to Establishing a Repeatable and Sustainable Business

5 Steps to Establishing a Repeatable and Sustainable Business

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
 
Transitioning from Inventor to Entrepreneur

Transitioning from Inventor to Entrepreneur

Turning Your Vision into Reality This 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 ... Read More
 
Small Business Growth FACTS

Small Business Growth FACTS

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 .
 
2 Operational Goals Help You Achieve the Self-Sustainability Stage

2 Operational Goals Help You Achieve the Self-Sustainability Stage

Here we go, it’s decision time!  If you’ve done what was necessary at the foundation and survival stages of the growth model you should be able to make the necessary decision now. As you will recall from my previous post “Is Indecision Keeping You and Your Business from Success?”, the main goal of self-sustainability stage ... Read More