How to Keep Growing When You’ve Hit a Plateau Although it might seem as if running a business means constantly climbing to new peaks and occasionally falling into valleys, the reality is that, more often than not, you might find your company crossing what seems like a never-ending plateau. If your business growth seems to …
Your Guide to Choosing the Right Vendor (and Why It Matters)
Your Guide to Choosing the Right Vendor (and Why It Matters) In the business world, a lot of attention is given to finding and retaining customers. While it’s true that your business most likely wouldn’t be able to continue operating without a stream of repeat customers as well as new ones, the customer relationship isn’t …
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How to Help Employees Become Leaders
How to Help Employees Become Leaders Although you might own your own company today and manage a team of people, it’s very likely that you weren’t always that way. There was most likely a time in your life when you were just starting out, before you had developed management and leadership skills. How you were …
5 Habits to Help You Grow Your Business
5 Habits to Help You Grow Your Business It seems that everywhere you look, there’s another article listing habits you can adopt to help boost your productivity and to help you live a calmer and more organized life. Developing certain habits doesn’t only help you improve as a person. Some habits can also help you …
What to Ask Before Opening a Second Location
In the business world, growth can take multiple forms. Your company can begin to offer a different product or service, one that is similar to, yet distinct from, your initial product or service. You can increase income and revenue by increasing the amount you charge for your services or products. Or, you can open an …
4 Ways to Grow a Business
Business growth isn’t something that just happens to a company. It’s typically the result of careful planning and strategy. One challenge many business owners face is that they aren’t sure what to do or how to grow their companies. If you feel that your business is ready to take the next step or move to …
How to Land Your Dream Hire
As of July 2018, the unemployment rate in the US was 3.9 percent, according to the Bureau of Labor Statistics. The unemployment rate isn’t just lower than it was during the time of the recession, it’s lower than its ever been before. That can be great news for people looking for work, as there are …
How Can a Fractional CFO Help Your Company
The chief financial officer at a company is usually responsible for the reporting of financial information, for understanding the business’ financial condition and for developing a strategy to help a company grow and succeed. A CFO is an executive-level position and usually comes with an executive-level salary and benefits package. While there’s little argument that …
How Do You Know What Your Business is Worth?
Although you might assume that the only time you need to know your business’ value or worth is right before you list the company for sale, having an understanding of what it can be worth can help you map out a plan for your company and shape its future. There are multiple variables you can …
How (and Why) to Think Like an Investor When Seeking Financing
When it’s time to raise capital for your business, you generally have two options. You can seek out debt financing, in the form of a loan, or you can seek out equity financing, which means that an investor agrees to purchase a portion of your business. The process of applying for debt financing is relatively …
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4 Reasons Why You Should Review Your Financial Statements Each Month
How often do you take a look at or review your business’ financial statements? If you save the review for the end of the year or figure that it is a task reserved for your accountant or virtual chief financial officer, it can be worth taking a second look. Reviewing your financial statements, such as …
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What to Do to Reverse a Business Downturn
What to Do to Reverse a Business Downturn Your business might be performing well at the moment and you might be hitting your revenue and sales goals and on track for future growth. But things can change quickly in the business world. Whether a general economic downturn occurs or a slowdown happens that’s specific to …