2 Entrepreneurial Competencies Leading 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 [...]
Business growth is a challenge for many small business owners. I frequently find the reason for their struggle is they are focused on the wrong business goals for their stage of business growth. All small [...]
Do you work your business like a job for a paycheck or do you build an asset which will generate wealth like an on-going annuity for you and your family? This is what keeps small business ownership [...]
People throw around the term “entrepreneur” like you wake up one day and decide you’re going to be one! Nothing could be further from the truth. The problem is many who call themselves entrepreneurs are [...]
Sluggish business performance is a pretty subjective phrase. I define it as anything that prohibits and entrepreneur from achieving their realistic business goals in the specified timeframe. There is a critical word in that definition [...]
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 [...]
Poor cash flow is a critical concept that many entrepreneurs don’t fully understand. I believe this is because they usually hear about it from accountants that try to explain it in accounting terms. Poor cash [...]
I know small business owners with several companies within the construction and real estate industries that have nearly doubled their assets even in a bad economy. How is that possible? Growing a business is a [...]
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! [...]
Recent activity in my consulting business has revolved around a number of start-up companies. It has made me revisit the foundation of the small business growth cycle once again. One of the observation I that [...]
Entrepreneur financial problems are one of the biggest challenges they face. Usually it’s because they don’t have enough financial resources to accomplish their business goal. This is because a business cannot exist without financial resources, [...]
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 [...]
Success is the common goal of every entrepreneur. However each entrepreneur defines success very differently. Whatever your definition some key criteria and decisions are needed before you can start. First, you must make sure you [...]
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 [...]
In order to achieve success in any small business you must pass through several stages along the way. You can't skip a step. If you try then you and your business get stuck. This happens [...]
We’ve all heard the statistics: 7 out of 10 new employer firms survive at least two years, and about half survive five years. According to the SBA statistic reported by SCORE in 2008 there were [...]
Lately I have been involved with a number of startup businesses, including a couple of my own. One observation I have made is that many small business startup owners tend to focus later stages objectives [...]
When I was first asked to participate on this panel, I thought, “WOW things really have come full circle!” You see, I started my business back in 1991 on a shoestring. I had no marketing experience [...]
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 [...]
Knowing your business growth stage is critical if you want to speed your business growth. A previous posting, The Search for Growth Continues, concluded a 5 business growth stage model made the most sense. It's [...]
