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Creating Your Profit Plan

  I am always telling my business owners that they need to have a profit plan.  I have seen many different profit plans including a few that were drawn up on the back of a cocktail napkin.  Of course, if you want to achieve massive profits you will...

Study Confirms Main Reasons Businesses Fail

These reasons that cause new business to fail are also the main reasons that I see in businesses that are stagnating and even starting to lose sales and profits.   A study by CBInsights listed the top 20 reasons startups fail.  (Full study at...

The Importance of Controlling Labor Costs

Watch this video to learn the only two reasons for hiring employees, how to calculate your company salary cap and how to control labor costs. Also review three examples of success controlling labor costs.   Labor costs are usually the biggest cost item for a...

What’s Your Marketing Grade?

As Dan Kennedy, author of the No B.S. marketing books says, “Every business is a marketing business.” Only after business owners understand this key point are they ready to grow their business. Take this test to see how good your marketing is.   Grade yourself...

I Forgot to File My Taxes! Now What?

Every year I hear this question from people who just missed the tax deadline. What should you do If you forget to file your tax return on time?   Every year I hear this question from people who just missed the tax deadline.  I joke that these are the...

Where Are You Going & How Will You Get There?

Do you know where you are taking your company and how you will get there? In this video I discuss why you must have a company strategy and how it is vital to growing your business.   Simply put, a company strategy is how you are going to reach your long-term...