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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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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One might actually say “the new norm” is constant change. That being said, how do you prepare yourself and more importantly your business? Here’s the thing what has historically been common for most people is they get comfortable with their life, including their business. The problem that may arise from this is that you continually do the same thing, the same way day after day. Why change it up? Things are OK; I’m comfortable and I don’t like change or anything outside of this comfort zone. You may want more out of life, but you don’t like being uncomfortable so you settle.
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“Leaders become great not because of their power but, because of their ability to empower others.” – John Maxwell When you’re business is at risk, it’s easy to go into survival mode. The panic sets in and you’re thinking about all the responsibilities lying on your shoulders, including all of the people you feel depend on you. Quite often in these times the feelings you’re struggling with don’t match your actions. To others, you might come across as only caring about yourself or the bottom line.
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It goes without saying that this time in our country is probably the biggest challenge most business owners have ever faced; in fact, we’re so entrenched in this moment that it may be difficult to remember any challenges we previously faced. If you can’t recall your biggest challenge before now think about when you originally started or bought your business. You spent a lot of time figuring things out, determining what worked and what didn’t, worried about cash flow, felt the fear of potential failure. And yet, somehow you made it through or at least made it to a point of survival.
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.