Blog

Man pointing to laptop screen while two women look on

Growing as a Leader: 7 Tips for Business Owners

 Running a business is no easy feat. From paying the bills to ordering inventory, and all of the nuances between, you are constantly being challenged, scrutinized, and called to lead. Growing as a leader isn’t something that can wait for a more convenient time. It has to happen concurrent to the growth of your business. ...
Woman sitting with knees up in chair and holding mug

Self-Care Tips for Busy Business Owners

In a survey conducted by Entrepreneur, 58% of business owners said that they experience “above average” stress, with 80% stating that money issues play a role in their mental wellbeing. When the weight of your business is on your shoulders, it’s nearly impossible not to get wrapped up in being everything for everyone. That’s why self-care ...
Hand holding blue pen over charts and graphs

The 6 KPI You Should Already Be Tracking

If someone asked you how your business was doing, what would you say? Would you be able to cite data points? Would you be able to justify your ad spend with numbers? What about explaining your choice to hang on to a troublesome employee until you find someone ready to fill the position? For business owners ...
Black and white image of board room meeting with laughing man as focus

It’s Who You Know: The 5 Types of Networking

There are few professionals that don’t put at least some time into networking. After all, the old saying goes, “It’s not what you know, it’s who you know.” Whether you’re networking with clients for sales or with leaders in the field for partnerships, there’s value in every relationship that you build.  But, for busy business owners, ...
Asian woman smiling in professional setting

Your Organizational Culture Says A Lot About Your Business Value

As human capital, your organizational culture says a lot about the value of your business. Employees who are happy, motivated, and appreciated are going to bring a lot more to the table than burnt-out, overworked workers who are just there for a paycheck.  While many business owners don’t necessarily put explicit thought into what kind of ...
Starbucks awning and signboard

Competitive Advantage and Business Value

,
In a world with a fast food burger restaurant on every corner and a gas station on every block, you may be surprised that so many places that do the exact same thing or sell the exact same product can co-exist in one area. What is it that makes people choose one over the other? ...
Group of young professionals with electronic devices

Tapping Into the Business Value of Employee Talent

It’s hard to quantify all of the talents, strengths, and flair that your employees possess. In fact, calculating the dollar amount that an individual is worth can feel a little distasteful.  Skipping this critical process in the valuation of your company, though, leaves money on the table. Whether it’s their ability to stay calm in a ...
Schematic sketch and drawing tool

Intellectual Property Adds Major Value to a Business Sale

If there were one facet of business value that ranked as highly as year-over-year profits, it would be intellectual property. Everything from patents to trade secrets are worth something on the market, especially if it plays a major role in the success of your business.  As you near your business transition, it is imperative to use ...
Woman daydreaming while writing in planner

Know-How, Know-What, Know-Who: Unexpected Sources of Business Value

When it comes to having know-how, you have to know what can your business do that no one else can?  It’s a tough question to answer, especially if you work in a market that already seems saturated with companies selling the same product or service as you.  Often, though, we forget about the accumulated knowledge that the ...
Dark haired woman taking photo of orange tulips

Business Valuation and the Role of Assets

In our ever-growing series on increasing your business value before your transition, we’ve explored concepts like social capital and quality of life. These often intangible concepts rely on circumstances mostly outside of our control, such as how our communities view our business or the current social climate.  With assets, the main determining factor of their role ...