Man Thinking in Shower

Systematize Your Business (Without Making it Boring)

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Have you ever noticed that you get some of your best ideas in the shower? Every morning, you’re stuck there for a few minutes doing something you’ve done since you were a child. Your mind knows it has a couple of minutes to think.  Employees…
Special Focus

The 2 Best Ways to Make Your Company Special

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Specializing in one product or service allows you to focus on delivering that thing better than everyone else. It enables you to hire (or train) specialists in your field, improving the quality of your work, which leads to happier customers.…

One Tweak That Can (Instantly) Add Millions to The Value of Your Business

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If you’re trying to figure out what your business might be worth, it’s helpful to consider what acquirers are paying for companies like yours these days.  A little internet research will probably reveal that a business like yours…
Repeat

Will This Be the Year You Seriously Drive Up the Value of Your Company?

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If you have resolved to make your company more valuable in 2022, you may want to think hard about how your customers pay. If you have a transaction business model where customers pay once for what they buy, expect your company’s value…
power

Six Power Ratios to Start Tracking Now

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Doctors in the developing world measure their progress not by the aggregate number of children who die in childbirth, but by the infant mortality rate – a ratio of the number of births to deaths.  Similarly, baseball’s leadoff batters…
One Personality Trait

One Personality Trait Most Successful Entrepreneurs Share

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Survey a group of founders about the personality traits that made them successful, and they will be quick to use words like determination, sacrifice, and hard work. Others will show more humility and chalk their success up to personality traits…
Crisis

3 Ways To Re-Invent Yourself In a Crisis

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Veterans refer to “the fog of war” to describe how difficult decision making can be when you’re on the battlefield with imperfect information. Sometimes the obvious answer in retrospect is not so apparent when you’re in the throes…
Child Freedom

Raising Your Business Like a Child

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Why did you decide to become an entrepreneur? If you’re like most owners, you aspire to have the freedom that comes from owning your own business:  The freedom to decide how you spend your timeThe freedom to choose whom to work…
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…
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…