Small business owners frequently forego spending time focusing on their business process because. That's because they don’t see value in the exercise. If they knew how many critical success factors tied directly to their business [...]
As a small business owner, your dream is to acquire financial freedom, not only to pay the bills, but to scale your venture to be self-sustaining and serve as an asset. However, you may find [...]
We are just 2 months away from the new year. How are you getting ready for it? Many of us begin our end of year planning about now. We all faced once in a [...]
If your life hasn’t been affected by the corona virus, then you’ve been sleeping under a rock! And if you own a business how do you survive during the corona virus crisis multiplies your stress [...]
The COO or chief operating officer is usually the second in command in a company, and according to HBR have a deep knowledge of marketing, sales, and operations. A fractional COO provides part time support [...]
Most small business experience cash flow problems at one time. But what really causes a cash flow problem? Accountants tell you not enough cash coming in the business for what you’re spending causes cash flow [...]
Is your business goal or one of the objectives this year increasing revenue? Notice I said “revenue” not “sales.” Small business owners often use these terms interchangeably. They are not the same! Increasing sales is [...]
How to Strategically Increase Profits in Your Small Business In writing this post I did some research. What I found when searching “increasing profitability” was very disheartening. Why, you might ask? Because everything was a [...]
Business profitability and growth not where you expect? If the only operational KPI’s you review are on your financial reports, then you don’t have the control necessary to influence your business’ performance, resulting in decreased [...]
Reviewing financial statements begins during your business planning process. The last step of your business planning should be developing your financial budget. Your budget establishes the financial targets your team should focused on achieving as [...]
How do you keep the pulse of your business? You must monitor business performance to successfully achieve your business goal, and you must religiously monitor it. We know most owners don't do their financial accounting. [...]
I am not an accountant, I am a business growth consultant. But, I use management accounting information for planning and decision making every day when growing a company. So, I ask you. How good is [...]
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 [...]
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 a [...]
Strategy execution is a current theme at Your Small Business Growth. So, I have been giving strategy execution a lot of thought. There have been lots of connections that I have made as I think [...]
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 [...]
I saw this article and infographic in Entrepreneur on how to develop a successful business plan and said “they nailed it!” You’ve heard me talk about successful business plans from time to time. It’s not the [...]
For years I have tried to spread the word that business growth is a standardized process as I documented in my post The Search for Business Growth Continues. The main premise is that a business matures through [...]
What would it be worth to know exactly what every person in your business needs to do to achieve your revenue goal for next year? Imagine if every person's objectives were set specifically to support [...]
