Change your business strategy so relevant trends accelerate your revenue growth
As the calendar year changes: two things are persistently predictable: articles will abound about New Years resolutions and lists of hot trends for the year ahead. I think business leaders should think about --...
On the invisible tool belt that all business owners wear, there’s one section for financial analysis. If you dig in there, you’ll find metrics like contribution margin to help you price your manufactured goods. Today, we add one more gadget: prime costs.
Overview: What is a prime cost?…
As you get familiar with your credit cards, you’ll notice that each issuer may have a slightly different method of presenting and even calculating the numbers that are presented to you on both your monthly statement and your online portal. Still, you will likely see one number called the statement balance and one called the current balance…
You know what they say: When life gives you lemons, make lemonade, sell the lemonade, buy more lemons, make more lemonade, sell more lemonade, get a bigger lemonade stand, and so on.
Once your business starts making more than it spends, you need a plan to reinvest earnings, or the money left in your business bank account…
Have you ever wondered why entrepreneurs are willing to work longer hours, endure constant rejection and never give up? It’s because the business they’re working on is theirs, it relies on them to succeed, and the rewards are reflective of the amount of work they put in.
Growing your business with a founder or founders that are driven…
Very early in my career, I emailed an expert networker asking for some tips. Even though I was young and she was a friend, I knew that asking someone to provide their core services for free wasn’t a great approach and sometimes was considered offensive.
So, out of respect and for fear of ruining our relationship, I veered…
You think it’s hard getting to the top? Try staying there.
The accelerated churn rate of the S&P 500 indicates that at least half of today’s top U.S. companies will get replaced by someone new over the next decade. That is a mind-boggling market value of $13.5 trillion up for grabs. And the craziest part is who replaces the old market leaders…