If you’re exploring my work for the first time, these five selected insights reflect how I approach profitability, company value, and long-term ownership impact.
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Know your numbers! This is one of the top five rules in business, if not the first, and yet so many business owners and CEOs are unaware of their numbers. A large percentage of businesses operate from the cash balance in their bank account or wait until they have to give their accountant their financial statements after the year ends to do their tax return. Some have their numbers available but they’re looking at the wrong ones, if they’re looking at them at all. Much of this comes from the unknown, fear of what they’ll see, or a lack of understanding. The problem is, when you don’t know your numbers at all times, you’re most likely not only losing money, but also opportunities!
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We hear quite a bit of talk lately of people speculating a recession heading our way. In fact, within some conversations you can already sense the panic setting in. How will we manage the cash strains? How can the business survive? What should we be doing now to prepare? How will we keep our customers? Should we start letting people go? One of the root causes of this fear is the emotion we’ve tied between ourselves and our businesses. When you build a business up from scratch or buy it and drive growth it tends to become a part of who you are. It’s often difficult to separate your personal life from your business life because your personal life is so dependent on what you do in and with the business.
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For the majority of business owners, I have found two common correlations between a company’s growth and the owner’s money mindset when it happens. The first situation came to mind when... ...You want to get into the proper money mindset early on so that when you do hit the roadblocks or plateaus you’ll have the confidence, energy and strategies in place to deal with them head on and grow your venture to new levels.
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Part of building a profitable company with sustainable growth means being more cost conscious. Wait – DON’T STOP READING….I’m not talking about cutting costs! I’m talking about being more aware of how your costs are effecting the bottom line and the top line. Here are a couple of examples:
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Do you feel your business has plateaued? When you’re prepared to grow your business and have the impact be more meaningful to you, don’t just focus on increasing your revenue or sales; you also want the growth to positively affect your bottom line, yourself and your team. Here are the 5 key drivers you should have in the mix for business growth:
Continue readingThese articles are written for established business owners who want stronger profitability today and a more valuable company tomorrow.
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No noise. No generic business tips. Just strategic insight for owners scaling with intent.