Category Archives: Business activities management
The Christmas Bonus Dilemma
This time of year, my business owner clients struggle with the Christmas Bonus Dilemma. Should I pay one, and if I do then how much is fair? Should I pay the same amount to everyone? Continue reading
Should Your Business Offer a Guarantee?
When you provide a guarantee, you remove the risks to the potential purchaser and make it easier for them to buy from you. Here are 5 tips to developing a great guarantee. Continue reading
How to Build a Business System for Freedom and Profit
Are there certain parts of your business that you feel have to be done by you – the business owner? Here are some tips from Paul Foster, The Business Therapist, to build a business system for freedom and profit. Continue reading
How to Increase Profits Easily in Your Business
Every business has some ‘low hanging fruit’ to pick. There are ripe profits stuck between the leads your business generates and the actual revenue dollars you convert from these leads. There are many reasons that many of your leads did not become sales. Continue reading
The Economy and Small Business
Business owners may wonder why they shouldn’t just liquidate their business and hide under a rock with the recent downward volatility in the stock market, the threat of a double dip recession and a poor job outlook. However, real opportunities for growth in your business exist and are within your control! Continue reading
Managing Employees – Sometimes it takes 51 times!
It takes persistence to encourage employees to follow the everyday routines and persistence to stick to the systems established in your business. These are the ordinary, everyday activities your employees know they should be doing but are slacking a bit. Continue reading
6 Tips to Holding Effective Team Meetings
As an advisor to small business, I find the businesses that hold regular meetings are also the businesses that run more efficiently; i.e. make more money! Continue reading
Improving the Family Dynamic in a Family Owned Business
Family and business can be like oil and water. The two dynamics are often complete opposites. Here are some tips to help deal with the challenges that are unique to family businesses.
Family decisions can be completely emotional – Business decisions can be unemotional.
Continue reading
Setting Prices in a Business – An Agonizing but Critical Task
One of the challenges that face business owners is increasing prices within their business. The pricing discussion is therefore critically important and directly affects the business’s profits. It is worthwhile to consider the following facts about pricing and differentiation. Continue reading
Rory McIlroy is a Great Role Model for a Small Business
I recently happened to meet a client of mine who specializes in parking lot repairs inspecting a job, – but this job was done by a competitor.
As we stopped to chat, he was clearly upset he lost the job. He felt he should have won the contract, but didn’t.
Since he is golfer, I suggested we compare this scenario to Rory McIlroy and his Master’s golf loss. I asked, “Why don’t you look at this job as the Masters and your business as Rory McIlroy?” Continue reading