by | May 31, 2016 | Business Profit & Cash Flow Tips, Small Business Owners
I’m often asked: what is the best way to finance a new business venture. This question is usually followed by "So, do you ever invest in new business ventures?" The answers, respectively, are: 1. there is no "best" way to fund a new...
by | May 30, 2016 | Business Profit & Cash Flow Tips, Sales & Marketing, Small Business Owners
Successful business owners all have one thing in common, they are never satisfied with sales levels. Whether you are making $10,000 a year or $1 million a year, there is always a possibility for growth. Growth only comes when you realize it can happen. You will...
by | May 27, 2016 | Business Profit & Cash Flow Tips, Business Success Series, Cash Flow, Small Business Owners, Small Business Success Series
As you work on increasing your profits each month, you will start to identify many projects that need to be completed. Some will naturally belong to a certain employee; others will not. Those that do not should be assigned to a special project team. The...
by | May 26, 2016 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
The best way to determine what inventory to carry is to adjust the inventory after the store has opened. Here is the best way to accomplish this: Ask your customers as they check out: What is it that we carry that you like the best? What don’t we have that you...
by | May 20, 2016 | Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners, Small Business Success Series
Most business owners are like P.T. Barnum who famously said, “I waste half my advertising dollars; the only problem is I don’t know which half.” Peter Drucker provides the key with his famous saying, “What gets measured gets managed.” And therein lies the key! ...
by | May 19, 2016 | Business Profit & Cash Flow Tips, Business Success Series, Cash Flow, Sales & Marketing, Small Business Owners, Small Business Success Series
Most business owners will tell you that customer referrals are the best source of new customers. In today’s economy, customers are more skeptical and cautious than ever. Getting recommendations from friends and family is one of the best ways to break...
