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Are you planning an exit? If the answer is “yes,” and you are hoping to exit through a buyout, merger, or passing your company to the next generation, read on.  Your priority when planning an exit is to make the company transferable. This includes ensuring you can provide all of…

The new year is just days away. The holiday shopping period is officially over, and you, like many business owners, are strategizing and goal setting for 2022. This article explicitly addresses marketing and sales strategies, but we encourage you to look at your entire business and see where you can…

As the world around us continues to change, our businesses need to pivot to remain successful. Pivoting may look like creating a chassis-sharing program so that your business and others can get products off docks. It may look like making several virtual products to avoid supply chain issues altogether. Your…

Businesses work with risk and work to mitigate risk every day. There are widespread news stories when big-name companies fail to mitigate risks. For example, we have all heard about cybercrime completely halting big-name companies with disastrous effects. Previous to that, we heard about companies who had to close their…

Scaling your business is a delicate process. You want your business to grow exponentially, but you also need to ensure that the growth is sustainable and supportable by your company practices. The sustainability piece is vital - setting up your business to support sustainable development is the only way to…

We have seen about three quarters of 2021, so now is a great time to take stock and ensure you are on track to reach your business goals.  Companies began the year in a variety of situations. Some businesses had never seen such great sales figures, while others had just…

It seems that every company owner or executive is always looking for more business tools to use to cram more hours into the day. The average business owner works somewhere around 50 hours a week, with some increasing that amount to 60 hours. Almost all business owners say that they…

Most business owners establish a vision when they form their company. They keep that vision in their mind’s eye but don’t always share it with the rest of the team. It can often feel like a company vision is for the CEO alone - and not shared with all employees. …

Client loyalty is what keeps businesses afloat. Whether your company is as large as Amazon or as small as a family bakery, loyal customers will keep you going - and growing. You know the statistics. It’s ten times more expensive to attract new customers than it is to keep the…

Many business owners get into an industry because they have a passion for their industry, not because they love to monitor business metrics. However, tracking metrics is key to the success of any company.  Documenting essential statistics, profit and loss reports, sales and revenue reports, and marketing reports may seem…