Excel for Excellence Here’s a really fun topic… Excel (heavy groan). But let’s take a closer look. As much as we talk about collecting data and information about your business, Excel can be an incredibly powerful tool. Analyzing business data due to its flexibility and various functions makes it the tool of choice. Although […]
Scheduling for Profit Most Service businesses depend on scheduling their customers, clients, or patients. Whether that is a service call, in-office visit, classes, or health and beauty appointments, taking a second look at how you schedule you may find that you can squeeze more out of the time available and/or significantly reduce down time. […]
From Marketing to Sales… Are They the Same? It has been said that the job of Marketing is to put breadcrumbs on the lawn to attract the ducks, and that the Sales job is to shoot those ducks. Perhaps crude but a good analogy of what needs to take place in almost any business. Put […]
Quality Control Should Make You Money (NOT cost you $$) An analysis of metrics in your business can go a long way in creating bottom-line profits. Further, Statistical Quality Control (SQC), although it does not sound like a sexy topic, bear with me. I know and understand quality control from an operational and financial perspective […]
Size and Location Matters There are a lot of constraints and issues that you need to determine during the startup phases of your business. Money and Time being the obvious ones, and these two issues affect most of the others as well. Many businesses such as software development, construction trades, and professional services can start […]
Building Your Marketing Message Are you willing to spend a little time to make your marketing message better and more productive? I know you are very busy but this exercise can be a lot of fun especially if you can get others involved. For any business owner to become successful today, they must provide their […]
Do You Know Your Break Even? Probably not, most business owners don’t. Some don’t know what it is, some know what it is but not what their Break Even is, some wish they knew but don’t know how to calculate it, and most don’t understand why it is so important to know in the first […]
Is More Sales Always the Answer? For all businesses increasing sales is one of the most important goals, but sometimes we see it as the answer to everything. Indeed, most financial challenges could be solved with more sales but there are a few that it cannot, and is not the only solution to bottom-line profitability. […]
Crowdfunding Financing a business, is tricky, grueling, and frustrating. When decisions about your business are not within your reach, life gets difficult. Perhaps you’ve dealt with bankers and investors and have gotten no love, what are your other options? We’ve talked about Bootstrapping as an alternative method, but Crowdfunding may be a viable option as […]
Trade What You Have for What You Need First, I want you to ask yourself what your company needs most. Most business owners will answer “cash” and that may be legit. Most owner’s when asked that question find themselves in a cashflow pinch at some point in time or another. But it could be that […]
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