THE BLOG

3 Mistakes That Are Blocking Your Business Growth

One of the biggest challenges for business owners when it comes to growing their business is troubleshooting the problems that are holding back their growth. With so many responsibilities on your plate, it can be hard to find time to diagnose what’s holding your business back.

We’ve been working with businesses on this problem for years, and there are a few common (but critical) mistakes businesses are making that are crippling their growth potential. Do any of these sound...

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The Top 3 Adjustments to Make to Your Business Model for 2021

leadership strategy Oct 28, 2020

This year has forced business owners to re-evaluate the things that matter most in their business models — efficiency, sustainability, and creative paths to growth, to name a few. Whether your business has struggled or thrived in 2020’s upheavals, 2021 will be a pivotal year—either for recovery or for sustaining your newfound growth. As we move into 2021, here are our top adjustments you can make to your business model for a more stable and sustainable year of revenue. ...

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What to Do When Your Revenue Stream Goes Dry

covid-19 strategy Jun 30, 2020

Your job as CEO is to lead your company to new opportunities, capitalize on them, and generate revenue streams. But the question is, how do you do that well in a fast-changing environment like the one we’re in?

Owners have often referred to their various revenue streams as “rivers of cash.”

The metaphor flows (pun intended) because one can visualize having to “navigate” these rivers. There are "rapids" of activity; decisions that "make waves"; and resources...

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What I Learned From My First Business

strategy Jun 30, 2020

My first business? Yeah, it failed. Here's what happened.

It was New York, it was the early '80s, and there I was: a fresh 20-something, son of immigrants. I didn't run with the most optimistic crowd--but I had a dream of becoming a comic book artist. And I wasn't too shabby, I even enrolled in art school!

But it didn't take long for me to realize I was a long way from becoming Stan Lee.

That's when I got the idea for my first business: a comic book delivery service for serious...

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Why Getting Back to Normal Shouldn't Be Your Goal

covid-19 strategy Jun 18, 2020

You’ve probably heard it said—or even said it yourself: “When business goes back to normal, then…” Ahh, yes, normal. The days when you didn’t need a face mask to go grocery shopping. The days when you could have meetings in person. The days before COVID-19.

It’s easy to look back with a nostalgic longing for those days. We all wish we had a magic eraser wand and could set the clock back to February. But of course, we can’t.

In fact, we...

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Don’t Panic! Six Truths for Business Owners in Crisis

While it may feel like the whole world fell apart overnight, now is not the time for despair. Here are 6 truths to hold on to in the midst of Coronavirus.
 
In the words of Mike Tyson, “everyone has a plan until they’re punched in the face.

As business owners, we’ve always known that the greater economy is beyond our control. And when things look rosy, this fact isn’t so scary. We have plans and strategies. We know our markets, our target customers, and...

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3 No-Stress Tips for Preparing Strategic Planning

ownership strategy Feb 26, 2020

Preparing for strategic planning can be stressful. Before you book your conference room, spend time reflecting on these 3 ideas.

Strategic planning preparation is all about having the time and space to reflect on your business. But, we know that business owners are busy people. According to The Leader’s Calendar, the average CEO works 62.5 hours a week. As a result, a lot of business owners plan on the fly and when it comes to their strategy meetings, they struggle...

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When You’re Too Busy for Strategic Planning

ownership strategy Feb 19, 2020

Failure to plan is planning to fail. But how do you carve out the time for the strategic planning process?

I often run into business owners that have a sense of urgency and purpose about their business. They are committed to growing their company and are working hard at it. They have a growth mindset, just like we talked about. But within that desire for growth, they also have a fatal flaw.

It’s a failure to plan. And, as the saying goes, a...

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5 Questions to Define Your Business’s Mission

ownership strategy Feb 05, 2020

Defining your mission is one of 7 Critical Priorities that an owner-operator must consider when thinking strategically. But how do you do it?

Not sure what should be a priority in your business? Review this post.

What’s the first answer that comes to your mind when I ask, “Why does your company exist?

For a lot of people, this can be a tricky question. The answer might be as simple as, “To make a living. To provide for my family, put food on the...

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How to Set Your Small Business’s Priorities

This post is an excerpt from our eBook, Critical Priorities: The 7 Key Areas Every Business Owner Must Prioritize. Get your free copy today!

If you're a business owner, you probably come up with a new idea for your business every five minutes. But sometimes these creative sparks are more distracting than they are helpful. If this is your struggle, it's essential that you have a process of how to set your priorities and stick to them.

Imagine...

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