Big Picture Thinking
Can you give a quick and straightforward answer to questions like:
- What are you working on this week/month/year?
- What is your business model or profit model?
- What are your goals for the next 2-3 years?
If you’re anything like most business owners I know (myself included...
Seeking help
Ever feel like running a business is a lonely endeavor?
When starting or running a business, going it alone certainly allows for more control but comes at the expense of added stress. I've heard some experts say that every business owner should have a coach, or mentor, or some other s...
In any business (that's any industry, any size, any product), there are generally only 3 ways to use profits:
- Buy more assets (with the intention of growing sales)
- Pay off debt and other liabilities
- Pay dividends to owners
Most finance pros refer to this mix of profit usage as capital alloca...
Building a selling program
Focus on sales every day.
This oft-touted advice is cliché but imperative to business success.
Read the first few chapters of Ready, Fire, Aim by Michael Masterson and you’ll get the urge to start selling. You should dedicate some level of effort to selling, every singl...
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