Category Archives: Business activities management
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
Trick Yourself to Get Free Business Advice
Why is it that we can look at another small business and see what they are doing right or wrong so easily? I was looking for a grocery store in Sedona, Arizona. The store in the plaza only has the … Continue reading
3 Ways to Make Time for Small Business Planning
If you feel paralyzed by the daily demands of running a small business, consider the following three ideas to make time for business strategic planning. Continue reading
Win the Profit Game by Monitoring Your Business Activities
Let’s compare managing your business to coaching a hockey team. The income statement for the business is like the scoreboard for the hockey game. Both give you “results”. If you run your business using the income statement it’s like coaching … Continue reading