Grow Your Business Big!

by Donna Johnson You can take the word “grow” two ways – it can grow in size or grow in profits. I think, ultimately, the point would be to grow in profits. So, this content covers methods intended – over time – to increase your income. Strategies to Grow Your Business Your growth strategy would,...

Surviving the Big Boomer Business Bust

This is an update to an earlier blog post. Things have changed significantly over the last few years! According to PricewaterhouseCooper, approximately 50% of all owners of small and mid-sized companies will exit their companies over the next few years. Others estimate that the exit rate will be closer to 75%. This massive exodus from...

Where is Your Business on the 7 Stages to Freedom?

Nearly every day as I talk with business owners I will describe the 7 Stages to Freedom and ask them, “Where is your business on the 7 Stages to Freedom?” I have rarely heard a business owner say that their business is in the freedom stage. Take a look at the chart below: Dream Phase....

Licensed, Bonded or Insured: Which Do You Need to Be?

Does your company need to be bonded, insured, or licensed? Probably so. What are these all about and which does your company need? Bonding In the past, I’ve known to ask service providers like plumbers and carpenters if they’re licensed and bonded – but I never really understood why. In actuality, bonds protect your business...

Alternatives to Disciplining Employees

If you have employees, there will be a need to handle problematic behaviors or performance – like tardiness, incomplete work, or a bad attitude. For many business owners and managers, addressing those problems is often their most uncomfortable and cumbersome task. Not only can progressive discipline be awkward, but also it can involve substantial planning,...

Business Documents That Save You Money

There are particular business documents that will actually lower your costs. Documentation like checklists, samples, and procedures will shave hours off time to execute deliverables and perform daily duties. They’ll also save time in rework, project delays, missed deadlines, and staff downtime. All of these suggested documents can be created once and used repeatedly. Here...

Free or Low-Cost Ways to Reward Employees

Staff members (“employees”) deserved to be recognized for doing outstanding work, being a team player, meeting deadlines, or other positive behaviors. Rewards are an undeniably great way to build morale and confidence, provide incentives for continued good work, and grow company loyalty. Sometimes, though, the budget is tight. Free or Low-Cost Ways to Reward Employees...

Managing Information Overload

With the widespread use of automated email software, landing pages, free online offers, junk mail, and other tactics to get your attention, you are susceptible to your email address or other data being shared on a regular basis. For the promise of a free ebook, checklist, or webinar, many sign up only to become the...

Growing Your Business Value BEFORE You Sell

If you are like most business owners, you would like to sell your business one day for top dollar. You need to know the value of your business in order to grow the value. Businesses have “three values.” The book value is typically determined by your accountant. The book value is your business equity; assets...

Why Measuring Results In 2020 in Your Businesses Is Crucial

As a self-employed person, you know how business can be unpredictable. Since everything keeps changing and you need to keep adapting to every change, it is important to constantly measure your business results. All businesses have ups and downs. And when you’re in a down cycle, there is nothing better to help you get up...