Category Archives: operating a business

Is the small business owner world upside down?

This post falls under the category of “what the heck is going on”! The following is from a small business consultant who talks to small business owners several times a week and has done so for about 10 years. Their name is being with held for obvious reasons. They say, many of the following are […]

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Don’t Let the Doom and Gloom in the Media Distract You!

If you are a small business owner the “psychology” of the day-to-day these days can be discouraging. Don’t let the doom & gloom specialists get you down. Here are a few things to keep in mind that might help you get your mojo back: If your business is down don’t be lulled into thinking that […]

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Document My Systems?…..Which Systems?

Recently I wrote a post about how businesses should document their systems to improve their profits and value. I received some feedback that went something like this.. “Which systems, there are a million systems in my business!” Well, you’re correct. Even a small business has many different systems. How you answer the phone, how to […]

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Why are sytems for your small business so valuable?

Documented business system are far more important than most small business owners believe. I believe that the reason too many small businesses stay small is because they don’t have systems. When I meet with small business owners and this topic comes up the conversation inevitably sounds like this: Me, “Do you have your systems documented […]

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Increase your small business profits without spending a dime……

I see and analyze hundreds of businesses every year. What I have found is small business owners (generally businesses with less than $3,000,000 in sales) have a consistent weakness that costs them dearly. The Problem……. A terrible lack of effort and intelligence in determining the correct pricing of their product or services. In my practice […]

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Small Biz alert ..We’re from the Government and we’re here to help you!!

Employers should be aware that the Department of Labor is increasing its Wage and Hour Division’s enforcement efforts. The Department of Labor has stated that protection of workers’ rights is a “top priority” for the DOL. As evidence of that, DOL has added 250 additional wage-and-hour investigators. The intent is to pay prompt attention to […]

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Is Your Small Business Worth Anything?

In my discussions with hundreds of small business owners, the conversation inevitably turns to the value of their small business. Unfortunately, and far too often, the business owner has no idea why the business has little or no value. Here’s an example (names and details changed to protect the guilty). Small business owners, Mark and […]

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Top 5 things you can do in 2010 to increase the value of your small business

Big improvements often come from small changes. What could you do in 2010 to build the value of your small business? Get professional small business accounting advice and follow it! Get your books set up in a way that makes your profit/loss statement a tool to run the business not just a piece of paper. […]

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Good article on why you need to do more than cost cutting

As the saying goes……a small business can’t save it’s way into prosperity. Here’s an article on how to focus on the things that will help your small business succeed in good times and bad. CLICK HERE

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Is 2010 the year you make your small business work for you?

If you own a small business, or considering starting or buying a small business, this article could give you a path to make your life as a small business owner more enjoyable. Let this be the year you finally change your relationship with your business. It will be difficult, you have habits and assumptions that […]

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