Business Growth Archives • Page 2 of 16 • Financially Simple

In the next 55 episodes, we will cover all the aspects of what it takes to turn your business from a mundane “job” into a business that can change your future. To start the series, click here.

March 22, 2022

The Business Sale Process: Through the Eyes of a Buyer

The business sale process is much more complex than simply deciding to sell, finding a buyer, and closing the deal. Oftentimes, buyers will spend months or even years researching before making the decision to buy a particular business. But what do they see when they look at your business? What can you do to make it as attractive as possible to prospective buyers? Understanding how you and your business are perceived by a potential buyer could help you prepare for a more efficient exit. Over the next few blogs, we’re going to explore the business sale process through the eyes of a buyer.

March 1, 2022

Mapping Your Business’ Process of Selling – Decentralizing

If you’re preparing to sell your business, one of the most important things you can do is remove yourself from it. Although this may feel wrong to many business owners, decentralization is the only way to make your company transferable and scalable. Being the primary “salesperson” in your business was fine in the beginning. But now that it’s grown, you must allow your team to take over the daily operations so you can work on increasing its value. But how do you ensure your team follows your exact sales process when there may be steps, you’re performing at a subconscious level? Join me as I explore how mapping your sales process can help you decentralize yourself from your business.

January 16, 2022

Key Financial Ratios You Need to Know When Selling Your Business

Since the onset of the Covid pandemic, things have been really tough for small business owners. First, there were the shutdowns. Then, there were product and labor shortages. On top of all of this, business owners had to learn to adapt their businesses to accommodate the safety of their clients and to overcome each new obstacle. At this point, there are many of you who are just ready to sell and move on. But, how did your business perform last year? Before you answer that question, you’ll need to understand the key financial ratios that might tell a different story. Join me as I detail the key financial ratios you’ll need to know when selling your business.

January 9, 2022

coffee shop example innPredictable Success by Les McKeown

January 9, 2022

Predictable Success: An Interview with Les McKeown

Being a small business owner comes with all kinds of unique challenges. There are financial hurdles, trying to make sense of marketing, managing a team of employees with different skills and personalities, etc. On top of all of this, you’re often learning as you go. But one of the most challenging aspects is the unpredictability of it all. You can plan (and you should) but inevitably, there are going to be problems along the way. However, success can be just as surprising at times. But what if there were a way to make success in your business predictable? It turns out, there is. I recently interviewed renowned author, Les McKeown to talk about predictable success.

January 2, 2022

Decentralization Through Leadership

If you’re the one pulling all of the levers and pushing all the buttons, you haven’t created a business. You’ve created a job. Yet, at some point, you’re going to want to retire and it’s going to be very difficult to transfer a business that depends on you for the success of its operations. I’ve often pointed to the need for business owners to remove themselves from the daily operations of their business. However, I’ve never really detailed how you can achieve that decentralization through leadership. So, join me as I discuss decentralization through leadership.

December 23, 2021

How to Create Change in Business

If there’s one thing that is consistent in this life, it’s that change is inevitable. And yet, even though change is a regular and consistent part of life, people often try to resist it. But is that always the correct response? To learn more, I recently spoke with a friend who wrote the book (literally) on this subject. Follow me and find out how to create change in business and why it’s necessary for growth.