Archive For: Self-Sustainability

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 what we do a DE, Inc.! 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 have a self-sustaining ... 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
 
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
 
2 Marketing Objectives Speed You Thru the Self-Sustainability Stage

2 Marketing Objectives Speed You Thru the Self-Sustainability Stage

Before you can successfully marketing in the success growth stage, you must decide what you are trying to accomplish next with your business.  Read my previous post titled Is Indecision Keeping You and Your Business from Success? to better understand the decision. Once you’ve decided what you plan to do with your business your marketing ... Read More
 
2 Entrepreneurial Competencies That Lead to Business Growth

2 Entrepreneurial Competencies That Lead to Business Growth

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 competency of an entrepreneur is the ability to understand the necessity of scalability ... Read More
 
Is Your Company READY to Achieve the Self-Sustainability Stage?

Is Your Company READY to Achieve the Self-Sustainability Stage?

In my last post titled 4 Owner Objectives to Achieve the Self-Sustainability Stage of Business Growth we explored self-sustainability stage.  I talked about the 4 areas that an entrepreneur/owner needed to focus in the following 4 areas for the business to achieve the self-sustainability stage: Of these 4 the Owner’s Goals is the most critical as it provides ... Read More
 
Is Indecision Keeping You and Your Business from Success?

Is Indecision Keeping You and Your Business from Success?

The self-sustainability stage of the small business growth cycle is a tipping point for your company but many entrepreneurs don’t even realize it.  In a previous post titled At What Stage is Your Small Business Growth? I discussed the major goal of each stage of the business growth cycle.  The self-sustainability stage has one of ... Read More
 
No Man’s Land – Stuck Between Small Business Survival and Success

No Man’s Land – Stuck Between Small Business Survival and Success

A great family and friends, beautiful home, nice cars, regular vacations, all the material things you could ever want.  Your life is a dream.  Sound familiar or like what you want for your life? I meet small business owners all the time that live this lifestyle.  The problem frequently is they don’t realize how close ... Read More
 
Nowhere Land – Stuck Between Small Business Survival and Success

Nowhere Land – Stuck Between Small Business Survival and Success

A great family and friends, beautiful home, nice cars, regular vacations, all the material things you could ever want.  Your life is a dream.  Sound familiar or like what you want for your life? I meet small business owners all the time that live this lifestyle.  The problem frequently is they don’t realize how close ... Read More