January 9, 2019
As a business owner, I often think my business is doing great and most, if not all, aspects of it are running beautifully. It reminds me of an old adage my dad used to say, “Son, you never tell a woman that the baby is ugly or you might get slapped.” However, that’s a problem for business owners looking to succeed. Our “baby” is ugly as it can be and we don’t see it. Mismanagement in business will be clearly visible and eventually, we find out our business isn’t as attractive to potential buyers as we think. So, here are four strategic questions to ask yourself when contemplating a potential exit plan. Even if you’re 10-15 years out, you need to know NOW if you are hurting your business’s long-term value.
November 16, 2018
In our series: Debt and the Business Owner, we have come to the “HOW”—how to get out of debt. But where do you start? We’ll explain a few different methods to help you determine YOUR answer, especially if you are a business owner. You will need to pick one 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 14, 2018
For most business owners, their first priority is typically their business, which you can most likely relate to. 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.
October 21, 2018
If you own a business, then you know how hard it can be to bring on the perfect candidate for every job. So exactly how do you position your company’s team for maximum productivity and inner-office compatibility? One theory is to hire based on not just an applicant’s skills but also their behavioral profiles. A DISC Assessment is simply a tool that can help you learn these profiles and build a compatible staff with complementary strengths.
August 9, 2018
As a small business owner, I understand the desire and importance of taking care of your employees. The task of providing for your family and your employees’ families can be daunting. You can do both! However, providing retirement plans for employees requires us to be very cost-conscience. This attention to cost needs to be a driving force when looking at the different plans, but not the only consideration.
August 8, 2018
Small business owners can be some of the most philanthropic people on the planet. No one makes more charitable donations than business owners. The IRS estimates business owners give to five or more charities, which translates to them being about 10 times more generous than that of the general population. In fact, 83% of high net worth business owners actually plan to increase their giving in the next three years as well.