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 […]...
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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 […]...
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When the COVID-19 pandemic hit, small businesses across the globe were forced to either adapt quickly or shut their doors, in some cases for good. It is easy to blame governments, weak areas in the economy, and the virus itself for the problems that have emerged over the last few months. For some businesses and […]...
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When the COVID pandemic hit, business owners had to suddenly shift from focusing on big picture strategies to short term tactics. And the most important tactic is quite simple: to survive. So how do you ensure that your business survives? In short, you change your focus. The ability to adapt and carve out space for […]...
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We are in a “losses avoided” climate and that means breakeven and cash neutral are gold medals. While I believe we should plan the for the worst-case scenario projections. I’ve found the most valuable projection is based on a slightly pessimistic version of what you think is probably realistic. Then have some triggers and milestones […]...
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Right now, there is a lot of concern, panic, and stress on everybody’s business who’s an entrepreneur or business owner. If you want your business to survive and thrive through this downturn then you are going to have to step up and take some BOLD action. Of course, you will have some immediate work to […]...
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