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Part 2: 8 reasons your business is not growing and it has nothing to do with sales, revenue, or profit

In our last installment of the 8 reasons why we discussed two of the most immediate issues holding back your small business cash flow & owner-dependent model. I strongly suggest reading that previous blog before jumping into this one. Today we will introduce the next two business roadblocks, your supportive relationships and lack of efficiency. Cash Flow Dependent Model Supporting Relationships (Trust) Waste/inefficiency Leverage Lack of curiosity Vision with a plan A mirror These might not seem that important, and out of the eight on this list, they can make a lasting impact. We will discuss them today because prioritizing

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8 reasons your business is not growing, and it has nothing to do with sales, revenue, or profit

There are 30.2 million small businesses in the US, accounting for 99.9% of all businesses in the country. Even though they account for 99% of all business; They employee less than half of the American workforce The average annual business revenue is $46,978  86.3% of small business owners make less than $100,000 a year in income It begs the question; what is holding back your small businesses from reaching its full potential and becoming multi-million dollar businesses. This series will discuss 8 reasons why your business may not be growing and the action you can take to fix it. Today

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Is growing your business your goal? Then a COO should be your next hire.

The right time to hire a chief operating officer (COO) is just before trouble appears in your company. But, unfortunately, the reality is that most businesses realize they need a COO too late. Signs that you need a COO: You spend too much time working in your business and not on your business. You find yourself stopping business growth activities to maintain your everyday.  You are feeling constantly overwhelmed and struggling daily in your company. You know you need to strengthen and solidify your leadership team. Your company needs to grow significantly in scale operations. A COO — especially your

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Charity is Good Business

Is charitable giving a part of your organizational practice? If so, kudos to you; you are well on your way to building a culture and financially optimized business.  Yes, you read that right, financially optimized.  If giving purely for altruistic reasons is not your thing, don’t worry; in today’s blog, I will share four reasons why you should make giving a part of your business plan. Need a little more convincing how about $2.45 trillion reasons “Omnicom Group’s Cone Communications study shows, 70 percent of millennials will spend more on brands that support causes—and with millennials representing $2.45 trillion in

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Wouldn’t it be Nice to Mind Your Own Business?

The concept of minding your own business means that while you are grinding away at your day job, you need to be investing in your future and minding your own business. Pretty soon, you’ll be able to walk away from that day job and mind your own business full time. The best way to do this is through the acquisition of real estate.  Let’s take a quick look at where you are losing all your money in taxes. Taxes have been around since the dawn of organized civilization. While the original intention was to only tax the wealthiest of the

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