15/10/2020 No Comments
Delegation is the ability to hand over responsibilities and activities to other people on your team. But often delegation turns you the business owner into what effectively becomes a hub and spoke setup where nothing happens in your business unless somebody consults with you. Any time there’s a problem, or need to make a decision, […]... Read More
20/08/2020 No Comments
Even in the best of times, when the economy is strong and business is booming, you need to have a plan in place for how you are going to reach your revenue and profit goals. In order to do that you need to understand the relationship between revenue, profit, and the tactics that you will […]... Read More
06/08/2020 No Comments
Effectively managing cash flow is one of the most critical skills business owners must possess if they want their companies to survive and grow profitably. Yet creating an accurate cash flow forecast is complicated because it involves measuring and monitoring many variables and making educated guesses about the performance of the company. For business owners […]... Read More
30/07/2020 No Comments
Every business needs to have a certain amount of sales to cover their fixed costs and that becomes a challenge for businesses that are running at or below break-even. Right now, for many businesses, it’s critical to get to break-even quickly. So understanding your breakeven point and being able to evaluate your fixed costs to bring […]... Read More
23/07/2020 No Comments
Right now, a lot of businesses are having to adapt their offerings (or to use an overused buzz word – pivot) to respond to the changing needs and priorities of their customers. You may, as a business owner, need to rethink, reimagine your business and figure out a way to serve your customers in the […]... Read More
09/07/2020 No Comments
Many business owners will say they want to develop an exit strategy because they’re fed up and want out of their business. However, there is a profound relationship between the valuation of the business and its stage of development. Say for example a business is cash flow positive but the owner is working 60-80 hours […]... Read More
