November 16, 2018
How to Get Out of Debt Strategies for the Small Business Owner

How to Get Out of Debt – Strategies for the Small Business Owner

In our series: Debt and the Business Owner we have come to the “HOW”… the how to get out of debt. But where do you start? We’ll explain a few different methods so you can find YOUR answer, as you will need to pick based on your specific situation. By the end of this article, you should have a pretty good idea of which debt reduction strategy is right for you.
November 15, 2018
Value Versus Profitability

Value Versus Profitability… A Tale of Two Companies

As a business owner, you’re often so involved with day-to-day dilemmas that you lose sight of why you’re in business, or you lose sight of your business’s potential. Usually, when you lose objectivity, you forget to think ahead. You worry about making money now rather than saving money for your future. You want your business to be profitable, but you don’t know how to properly invest the profits. Inevitably, small business owners become so focused on making a profit that they forsake other areas of their businesses and their personal lives. They think they have to choose value versus profitability. However, by growing a company’s overall value, small business owners can increase their company’s profitability and their personal sustainability.
November 14, 2018
Personal and Business Debts That Affect a Small Business Owner

Personal and Business Debts That Affect Small Business Owners

For most business owners, their first priority is typically their business, which you can most likely relate. However, if you truly want to run your business at full capacity you MUST get your personal and professional debt under control! To accomplish that feat efficiently, you need to understand how personal and business debts affect you and your business.
November 12, 2018
increase the value of your business

An Introduction to Increasing the Value of Your Small Business

As a small business owner, you think you understand value. The time and money you’ve invested in your company is valuable. Some of your equipment or technologies may be valuable. But is your company valuable? Is it profitable, sustainable, and scalable? Are you creating something valuable to others, or is it only valuable to you? If you ever want your company to become a marketplace leader, if you want investors to invest money in your company, or if you want to sell your business for profit, you must understand what makes your business valuable to others. Then, you must work to grow the value of your small business.  Join me in this new series as I walk you through growing the value of your business.