You’ve heard the alarming statistics, right? Almost two-thirds of small businesses never make it to their 10-year anniversary. But what is the why behind these business failures? Most people assume it’s simply running out of money. While that’s certainly a factor, it’s usually not the most common reason. Another big
Being a business owner is incredibly demanding. The constant pull in multiple directions can easily cause you to lose sight of what truly matters for your business’s success. But what are those critical objectives? Every business owner should be focused on four key goals. The Four Essential Goals for Every
We’ve all heard the saying: “Cash is king.” In the world of business, this couldn’t be truer. Cash flow, the lifeblood of any company, often outweighs even sales and profit. But when the economic waters get a little choppy and uncertainty looms, that royal status of cash becomes even more
Tips to Maximize its Value Before You Sell If you are like me, and many thousands of other business owners, then you are planning to sell your business in the next 5-ish years, and your comfortable retirement counts on getting a fair price. Unfortunately, if you are like most of
I am often asked how much business coaching costs. The short answer is, the cost can vary widely based on a number of factors which I’ll get into below (and yes, I’ll provide the dollar amounts!) But most of the time I answer by telling the person that is the
A couple times each year I have the privilege of training new business coaches. What could be more glamorous than spending 3-4 days in Las Vegas, in a conference room far from the strip, for 10-12 hours per day? I chose to do this because I love teaching, and after
Entrepreneurial Operating System vs. Business Operating System Operating Systems are a hot topic in business these days, which is great. The more business owners understand that there are common ways to scale their business, the more businesses will grow/scale and achieve their goals. There are two primary types of Operating
One common mistake that owners of small businesses make is confusing management with leadership and vice-versa. We all think that our teams only need us to be great leaders, when in reality they need us to be great managers first. Without great management, great leadership’s value is significantly diminished. Key
To successfully grow your business – and by successfully, I mean in a sustainable, profitable, less than 80 hours per week way – you must achieve Mastery in 4 key areas of your business and life… Take a look at these 4 areas and do a quick self-assessment to see
Business owners wear many hats and have endless things to do. Unfortunately, some of us let this busyness prevent us from growing. We hit a plateau, but often find ourselves unable to allocate the time to make the necessary changes. How do you get past the plateau of being “too
Lately, it seems like everyone I talk to has a “Time Management” problem, but when I ask a few questions, it quickly becomes obvious (at least to me) that the problem isn’t Time Management. There is most certainly a lack of enough time for important activities, but it isn’t a
The goal of spring cleaning is to refresh and revitalize. As we come to the end of Q1, now is a great time to refresh and revitalize your business. Here are six spring cleaning ideas: 1. Assess your Inventory What old or obsolete inventory or services are you carrying –
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