Posts

Growth Potential and the Sale of Your Business

When a buyer approaches an owner about purchasing their business, many are inclined to talk about the great things that the business has done in the past. Accolades, awards, sales records, and the length of time you’ve been open are all things to be proud of, but buyers are looking towards the future. They want ...

Is Your Business a Cash Suck or a Cash Spigot?

When it comes time to sell your business, you’ll receive a check. This check is the icing on the cake of all the blood, sweat, and tears that you poured into your business during your time as the owner. The buyer, on the other hand, is going to be writing two checks: the one that ...

Taking the Eggs Out of the Basket: Diversify Your Customer Base

Ever heard the phrase “don’t put all your eggs in one basket?” In the business world, we adhere to this through a process called customer diversification. In short, it involves making less than 15% of your total sales with one client, spreading your metaphorical “eggs” into several different “baskets.” Relying on a single, huge sale on ...

How Do Brick and Mortar Stores Thrive In The Age Of Amazon?

Adaptation in the Amazon age can seem to be a behemoth of a task. With Amazon pulling in $1 billion in sales on its best day last year, for a whopping $141.92 billion in total sales in 2018, brick and mortar stores are left shaking in their boots. Even giants like Wal-Mart are struggling to ...

5 Ways Small Businesses Can Reduce Their Overhead Costs

Have you heard the saying, “It takes money to make money?” It means that there are things you have to invest in for your business, from office space to technology. For a small business with razor-thin margins, there may not be much money to invest. Often, it can take a few years before a small ...

Strategic Planning for the Upcoming New Year

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Though it’s only October, there’s no denying that the new year is coming swiftly upon us. Soon enough, business owners will be wrapped up in the whirlwind of the holidays. While spending time with loved ones is important, so is strategic planning for next year. Getting a head start on evaluating your business will let ...

Want to Move Up? Start By Developing Strategic Planning Skills

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As you move up in your career, the cognitive abilities that you need to possess increase. Everything from your ability to handle conflict to your creativity will have to evolve along with the responsibilities you’re asked to take on. Strategic planning is one of the most invaluable skills that you can develop. It allows you ...
Business women having a strategy meeting

What’s The Difference Between a Strategy and A Tactic?

Jereon Flanders is one of the world’s most influential thinkers on strategy execution and a highly regarded keynote speaker. One of his favorite motivational quotes is by Sun Tzu, a revered Chinese military strategist, philosopher, and writer. He once wrote, “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before ...
Data on a tablet showing business growth

How to Maximize Business Growth With a Small Marketing Budget

Online marketing has become one of the most valuable tools that small business owners have access to. Even with a small budget, you can maximize marketing for business growth. Working with a business advisor can help you identify the best markets to target, as well as gain insights into networking events where you can learn ...
Working at a table with laptop alongside a Business Coach

Why Your Business Development Strategy Needs a Coach

“Sow a thought, reap an action; sow an action, reap a habit; sow a habit, reap a character; sow a character, reap a destiny.” -7 Habits of Highly Effective People Are you aiming to make your business better? The simple answer is, “Who isn’t?” No matter where you are in the process, your business development strategy ...