Financial freedom for a working professional is not a mindset shift. It is an engineering problem. You have a fixed income, fixed expenses, and limited discretionary time. The question is not whether you want to be free — it is how you redesign the system you are already running so that it produces a different […]
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Small and home-based businesses need to operate as efficiently as possible and following a growth strategy is a significant part of that equation. Knowing how and when to grow is essential to expanding as fast as possible without overextending. In the survival phase growth is not the focus but as a small business matures growth
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The following list was posed to me by a reader so I thought if this person had these questions others may also. Each refers to small business and the issue of growth. I left the questions as they were asked 1. Are small to medium sized companies innovative needs, more crucial to their success than
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You may not realize this but as an entrepreneur one of your main functions is finding the balance between chaos and bureaucracy. If you take a look at successful organizations you will see they have somehow found a happy medium between these two extremes. It is this balance that allows organizations to flourish and will
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It may not be evident at first glance, but small businesses have a huge advantage over large companies in many regards. Small firms don’t have the deep pockets to weather storms, but they do have the flexibility and focus that is not commonly found in larger corporations. This means that the ability to meet the
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I recently had the privilege to review the 10 year performance of a successful little business and want to touch on some of the general business principles that allowed this success. Confidentiality prohibits me from including specific details but you probably don’t care about those anyway; you want to know what you can take away
How a Small Business Achieved 20% Annual Growth for 8 Years: A Case Study Read More »
I found myself in yet another interesting conversation with a successful entrepreneur on the topic of successful business practices. We were discussing what is needed within an organization as it grows from a mom and pop shop to a mature corporation. It is obvious that the demands of the company will change as it matures
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I recently met with my financial advisor and our discussion sparked an idea for this post. I am going to discuss the business cycle and how as entrepreneurs we can better position ourselves to take advantage of the phase changes. The Business Cycle As you know there is an ebb and flow to our economy
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I recently had an interesting conversation with a business owner on the topic of how to manage a business successfully. We concluded that all businesses are working towards further growth and that a primary management concern is growth strategy. So, to manage a business successfully, one must manage growth successfully. How is this accomplished, and
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