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Business, after all, is nothing more than a bunch of human relationships.– Lee Iacocca
All business owners – at least those with a chance at long-term success – know that relationships are critically important across many areas of business. A company’s...
Don’t depend on the enemy not coming; depend rather on being ready for him. – Sun-Tzu, The Art of War
The coronavirus pandemic is requiring us to change what we do in our everyday lives. As the CEO or owner of a small- to mid-sized business, to help...
“In preparing for battle I have always found that plans are useless, but planning is indispensable.” ― Dwight D. Eisenhower
Updated May 11, 2020
Business owners everywhere are now engaging in a battle. While the enemy – the Covid-19 virus– is different...
We all know that recurring revenue is the ideal revenue model for most companies. However, it’s often easier to sell incremental services to a client, as opposed to convincing them to make a long-term commitment.
Re-focusing your strategy on building a...
Decisions about when and how much to invest in new equipment, property, or software systems, also known as capital expenditures or ‘CapEx,’ are a critical aspect of running a business. CapEx often determines whether production schedules are met, or workers...
Do the numbers behind your business have your head spinning? When you’re a business owner, you don’t always have the background to keep complex numbers and accounting systems straight. You went into business to work out your ideas, not necessarily your...
From a U.S. equity investor’s standpoint, 2019 was an outstanding year, with the S&P 500 returning roughly 29% for the year. But, from a manufacturing business owner’s perspective, 2019 was something of a mixed bag. Positives, such as a respectable level...
When you run a manufacturing business, whether it’s in an early stage of growth, has been around for years, or has transitioned to a second or even third-generation of ownership, you can probably answer almost any question someone could ask about your...
There are multiple scenarios where outsourcing the “CFO” function can be the best way to address the challenges that many entrepreneurs and other business owners face, from start-ups to private equity-backed firms, to second- and even third-generation...
Starting a business comes with a unique set of challenges—from developing a product or service that sells, to building cash flow, to hiring employees whom you can trust, to differentiating your company and outselling your competition.
