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Good fortune is what happens when opportunity meets with planning. ― Thomas Edison
Running a business always involves uncertainty but the COVID-19 pandemic has raised uncertainty to a completely new level. At the core, a profitable business comes down to...
Forgiveness says you are given another chance to make a new beginning.― Desmond Tutu
By now, just about every small and mid-sized business owner knows about the Paycheck Protection Plan (PPP) that Congress created in late March as part of the CARES Act, to...
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...
