What is your business worth? According to Gary Stansberry, if you are an owner or manager, you should be able to answer that question immediately, or at least at the touch of a button.
Think like your customers before making cost management decisions.
As a business owner, you’re fighting what seems like a losing battle against rising health care costs.
Dwight Eisenhower, when contemplating the plan for the invasion of Normandy and northwest Europe during World War II, said, “Plans are nothing. Planning is everything.”
How the stimulus package can save your business money.
Rental companies stand to profit by creating packages for products and services.
Insurance companies are coming around to lower prices for inflatables premiums.
Is your business growing and giving you the results you want? Or are you stuck and can’t seem to get moving? Here are five simple steps to get your business unstuck.
1. Re-focus on what you want. Remember your original dream-the one that includes owning a prosperous company that is organized, profitable, has lots of great customers, is run by your empowered managers, and gives you freedom and time to enjoy your life.
2. Realize you are a business builder. You will never reach your goals if you don’t grow yourself. To grow, you’ve got to let go, delegate, and do what you do best: sell. You must invest time to build relationships with loyal customers plus find new ones.
3. Replace yourself with systems. In order to delegate, you need systems and procedures in place that don’t rely on you directing every decision. Put your standards on paper and train your people to follow them.
4. Hire the best. Now that you know where you’re going and have systems in place, you can start building a strong management team prepared to take your company to the next level.
5. Enjoy the ride. With your company organized and growing, you can now focus on creating more opportunities for your business to prosper and grow.
From George Hedley’s latest book “Get Your Business to Work!” As a business coach, Hedley helps entrepreneurs and business owners build profitable companies.