Business Growth Archives • Page 5 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.

May 17, 2021

What’s the Difference Between a Formal or Informal Valuation?

I recently received a question from one of our listeners. When I read their question, I realized that I had never really gone into great detail on this subject. This particular person had recently received a benchmark appraisal on their business and wanted to know the difference between a formal and an informal valuation. I believe that this is the perfect opportunity to really take a deep dive into the world of business valuations. Join me, as I take a hard look at formal or informal valuations.

April 29, 2021

Simplify Your Business Life Through KPI Application

Back in Q1 of 2021, my team and I completed a strategic planning session. From this session, came the podcast and blog series that we’ve just concluded. Over the past 10 to 12 entries, I’ve discussed my businesses’ KPI journey. As a result, we have received a massive influx of emails from you, wanting to know more about identifying and implementing KPIs. In fact, I think we’ve gotten more of a response on this topic than any other that we’ve ever covered. So, today’s entry is all about how to simplify your life through KPI application.

March 25, 2021

My Company’s Journey to Discover Our KPIs

One of my favorite films, when I was growing up, was The Wizard of Oz. Of course, most of you are familiar with Dorothy and Toto following the yellow brick road to meet with the mighty wizard so that she could return home. But for all of the hype that surrounded this great sorcerer, it turns out that he was simply a clever man behind a curtain. With that in mind, I want to give you all a peek at what takes place behind the curtain in our business, how the sausage is made, so to speak. Over the next few weeks, we’re going to really look at what makes our businesses work. Today, I want to share our team’s journey to discover KPIs.

March 18, 2021

How to Relinquish Control of Your Business

As entrepreneurs, we have a well-deserved reputation of being control freaks. We care so much about our business and our clientele that we would rather run ourselves ragged, handling every part of our business, rather than risk someone else making a mistake in it. In fact, I recently had a client tell me, “Justin, I can handle most things as long as my hands are on the wheel.” I believe that’s a sentiment that most of us can relate to. However, giving up control of your business might be the best thing you could ever do for it. I know it hurts to think about it, but that’s why today’s entry is all about how to relinquish control of your business.

March 8, 2021

Operations Manual – the Requirements and Easy Tips for Updating

This entry is kicking off a short “How To” series here at Financially Simple. Each installment in the series will focus on a different subject and how to execute it. So, today’s entry is all about how to make an operations manual. More specifically, I’m going to look at how you can use technology to optimize your operations manual.

January 1, 2021

Measuring Value Improvement of A Business: What to Know

Over the years, I’ve spoken ad nauseam about value growth. However, I recently spoke with a business owner who asked me how to measure that improvement. In response, I thought this would be a great topic for today’s blog. Measuring value growth is a very methodical process and, therefore, deserves to have some content dedicated to it.