Business Planning if You Want Real Growth

When you have a strategic plan in place, it becomes easier to identify your company's strengths and weaknesses. This information is essential for making decisions about the future of your business. If you know where your company excels, you can focus on developing those strengths. On the other hand, if you are aware of your weaknesses,

Why Plan for a Profitable Exit?

I want to plant a seed for you to think about. You have a successful company; you feel like you’re making a tremendous impact for your clients; you’re making decent money and feeling confident. Things are so much better than when you were working for someone else in the traditional “9-5” job. Yeah, you’re putting in a lot more hours than you did back in the corporate world and you can’t just leave the responsibility at the office when you go home at night to have dinner with your family, but it’s a good feeling that you’re doing it for you instead of making someone else rich. (Oh yeah, you hate to admit it, but you’re getting a little tired of that overwhelm you feel running your business and trying to manage it all.)

Superhero Syndrome …it’s not easy but it can be easier

I remember when I started back in my corporate days - all the goals I set for myself. Between building a career, managing a team and starting a family I felt the urge to be Superwoman. I honestly don’t know what I was thinking. I remember getting up early in the morning so I could get my work done and get home to spend quality time with my boys. Now in between that start and end to the workday I was full steam ahead, proving that I could do (and have) it all.

What’s the Thing with Cash?

I always hear people talk about what they would do with the million/multi-million dollars if they had it, but they talk as if it’s a pipe dream. Rarely do I hear how they will go about getting it or what’s stopping them from breaking through that glass ceiling. In fact, I’ll go out on a limb and say people that talk publicly about their cash or investments are just like those who post “the perfect lives” on social media. Do you ever get the feeling that perhaps everyone is a little afraid of cash? Perhaps it’s the lack of having it that’s the problem or maybe it’s the comparative environment it creates. There is something about it that makes it such a sensitive topic.

Do You Feel It’s Time to Hire?

Is there such a thing as hiring too early? Just this past week I have had two business owners tell me their business started to grow so they hired more people and then found out they hired too early and had to scale back. How do you know when the right time is to hire new employees? A hint - it’s not necessarily when your revenue grows or you get a couple new clients that put you over the edge.