Danger Zone

How To Inoculate Your Business From The Dangers Ahead

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A new decade always comes with a slew of predictions that can be scary. Will a new superbug take hold? Will the stock market crash? Will the economy tank? These are all excellent questions, but without a crystal ball, you can feel helpless.…
Spin Class

How to Create a Recurring Revenue Model That Appeals to Customers

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Have you struggled to identify a recurring revenue model that will work in your business?  If so, you’re not alone.  Most owners understand the benefits of recurring revenue, such as predictable cash flow and an increase in…
Productize your Service

8 Steps For Turning A Service Into A Product

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Does your business offer a service or a product that you differentiate through a higher level of service?  If so, you're probably disproportionately impacted by the economic disruption caused by the coronavirus pandemic. Consumers are…
trauma2

6 Ways to Overcome a Business Trauma

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Post-Traumatic Stress Disorder (PTSD) is a mental health condition triggered by experiencing a terrifying event. Although not at the level of enduring a war zone, the events of March 2020 may leave you feeling similar symptoms. If you’re…
do something great

3 Ways to Get Your Life Back

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How’s your workload these days? If the pandemic has forced you back into the weeds of your business, you’re not alone. Many owners are again doing tasks they haven’t done in years because they have had to lay off front-line staff or…
rich and happy

3 Things Wealthy Business Owners Do Differently

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Much is made of analyzing the personality traits of successful entrepreneurs.  Some appear outgoing. Others are introverts. Some lean right, others left. Some are flashy. Others are monk-like with their money. Their diversity can…
freedom3

3 Things to Consider When You Hit “The Freedom Point”

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When was the last time you calculated the percentage of your net worth tied to your company’s value? When you started your business, its value was probably negligible. Unless you purchased or inherited your company, it wasn’t worth much…
you will be ok

Why You Should Fire Yourself

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If you find yourself in a position where your customers always insist on speaking with you directly instead of your employees, then you might want to consider shifting your structure so you can improve the value of your business. Here's…
fortune teller

Why Companies are Adopting Subscription Billing Models

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Volvo recently announced they will make their cars available on a subscription model where consumers will pay one fixed fee per month for access to a car which includes insurance and maintenance. Everything from tooth brushes to flowers…
Keys

The One Number Owners Need to Stop Focusing On

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The value of your business comes down to a single equation: what multiple of your profit is an acquirer willing to pay for your company? profit × multiple = value Most owners believe the best way to improve the value of their company…