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If there is something going on in your business that is causing you to feel frustrated and anxious, the best thing you can do is to counteract – not react.
Continue reading “Don’t react – counteract.”Category: opinions and insights
It’s either inspiring or puts a stone in your shoe.
More profit. Less revenue.
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If you are having a hard time increasing your sales but still want to increase your profits, how do you do it? Listen to this episode if you want to increase your profits but sell less.
Continue reading “More profit. Less revenue.”Even leaders get tired
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Being an entrepreneur means it can be tough to talk out loud about the challenges you are having. Fear can lead to frustration which can wear you down. Here are some thoughts to help you get through a tough moment.
Continue reading “Even leaders get tired”How to survive a recession
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Lots of talk these days about a slowdown in the market. Is your business ready for a recession? Here are a few things to think about as the market cools off.
Continue reading “How to survive a recession”What’s the problem?
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Can you explain what your business does without mentioning the products or services it offers? If your sales plan needs some creativity or you want better results, try revisiting this question for your business.
Continue reading “What’s the problem?”How much should you pay yourself?
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Does the money you take out of your business equal the value you are putting in? When should you be on payroll and when should you take some profit?
Continue reading “How much should you pay yourself?”How to focus when your business is in trouble
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It’s hard enough to focus when times are good and especially hard to do when life is not working out. Here are some thoughts on what you can focus on if your business is in trouble.
Continue reading “How to focus when your business is in trouble”Life After a Division 1 Proposal
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Are you considering filing a proposal with your creditors? Are you concerned about what might happen? Here are some things to consider as you take the next step.
Continue reading “Life After a Division 1 Proposal”Bankruptcy, Receivership and Division 1 Proposals
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FACT: Many businesses fail. There are many reasons why a business fails or why a company declares bankruptcy. Most business bankruptcy happens because debt owed to secured creditors like banks and lenders or unsecured debt owed to vendors, suppliers and/or the government becomes unmanageable.
Continue reading “Bankruptcy, Receivership and Division 1 Proposals”
1 opportunity overlooked by (almost) every entrepreneur
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“Every dollar we spend has to count right now”
Every business today is in the people business. Entrepreneurs often overlook the opportunities locked up in the people that are working for them or with them. A business can find new revenue or improvements to their margin by engaging the people that are actually doing the work. In my experience, an entrepreneur will pay close attention to the people in their business when times get tough and when every dollar has to count. It’s unfortunate but the reality is that limited money and resources force creativity which becomes the catalyst for changes and improvements. Where is the best place to find creativity? From the people in your business.
Continue reading “1 opportunity overlooked by (almost) every entrepreneur”