Does it feel like your bank account never seems to grow as fast as the demands on your time? If you don’t have control of your cashflow, you’ll always be under stress, even when sales are up. Here are 3 tips for getting your cashflow back under your control: 1.
It seems like for every one book about management, there are 10 on leadership. But without great management systems and practices, all those great leadership skills can be wasted. When you get the balance between leadership and management wrong, good employees will leave, and even worse – bad employees will
Many business owners end up waiting far too long to hire team members, because they’re worried about the increased overhead. That’s the wrong way to think about it. A good hire isn’t an expense, they’re an investment that yields great returns. Here are three ways to turn employees into investments,
Ever wish you could clone yourself to get more done? When I started working with Eric, he had been in business for about 6 years and had not been on a vacation that entire time. Six years of no vacation! The first homework assignment that I gave him was to
Is your business your retirement plan? If so, make sure you avoid these common mistakes so you can get top dollar for it when it’s time to sell. Here are my top 3 things that can devalue your business: 1. Skewed revenue distribution amongst customers. Your top 3 customers should
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
Recently I talked to a group of business owners about coaching, and several of them said they don’t need a business coach because they have a mentor. I congratulated them for this and asked them to share with the group how they were using their mentors to grow their businesses.
I recently traveled to Alaska, a trip of discovery, learning, and lots of family fun. One of the areas of learning was about the Southeast Alaskan Tribes. The Tlingit and Haida Tribes made a point of providing information to educate and enlighten us about their heritage and culture. One of
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
Most of us have participated in a Summer Reading Program or have had a child enrolled in one. It was exciting to follow the progress to the top of the board. The purpose of the program is not just to give out awards. It is to build skills, knowledge and
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
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