Business Blind Spots

  As business owners, leadership (and the pressure to be good at it!) comes with the job. All leaders have blind spots – areas in which they typically neglect, yet have a big impact overall in the business. Business blind spots have been described as an area in the lives of people in which they continually do not see themselves …

How to Avoid Financial Pitfalls

    Creativity, determination and perseverance are some of the top qualities successful business owners possess. One they often lack is the ability to manage the financial side of the business. More often than not, failure due to financial hardship can be traced back to the very beginning of the process. A startup costs money – lots of money – …

Getting the Most Out Of Your Work Day

So much to do, so little time…sound familiar? If you own a small business, then of course it does! The constraints of time will always feel like a ball and chain, dragging even the most hardworking entrepreneur along with it. What to do? Start on a daily basis, attempting the (seemingly) daunting task of time management. First things first – …

Ideas to Boost Your Brand

For small business owners, creating an identifiable brand can be a challenge. But much like a fingerprint a brand is a unique, intricate identifier attached to your business only and therefore must be handled like a very valuable asset. Creating a logo and establishing a look is just the first step. Once the brand has been created, you must actively …

Things to Consider When Taking Your Business to the Next Level

Stuck in a rut, feeling burnt out, lacking motivation? These may be early signs that it’s time to take things up a notch. Accepting these symptoms as the norm can mean falling behind and is a risk most small business owners cannot afford to take in a saturated and hypercompetitive market. There are many strategies that have proven effective when …

Raising Your Prices

It’s an agonizing dilemma. The decision to raise prices and still retain clients is one that every small business owner struggles with. Truthfully, in order to stay relevant, boost revenue and keep profit margins up, raising prices is an absolute must. Employ meticulous strategic planning when the time comes to bump price points. With simple guidelines, some of the painstaking …

Taking Control of Your Supply Chain

  Second only to labor costs, supply chain management can eat up a hearty chunk of your operating expense budget. The process of negotiating with suppliers can also take up a hefty amount of another valuable resource: time. Don’t let your supply chain manage your time and money. Take back control! It is no surprise that businesses in control of …

Protecting Your Cash Flow

Cash flow refers to the balance available after allowing for all receipts and payments from your business. This includes, but is not limited to, rent, payroll, taxes, supplier invoices, loan payments, and asset purchases – the lot. Most of us know that managing and protecting cash flow as a small business owner is pivotal to long-term success. The inability to …

Auto Focus Fall 2014

Here’s a brief glance at what you’ll find in the Fall issue… Pumping up profitability Dealerships can sell truckloads of vehicles and still run into problems if owners lose sight of the bottom line — the overall profitability of the sales they’re making. This article discusses a number of ways to boost profitability, including moves related to managing inventory, choosing …

3 Tips to Improving “Your Work/Life” Balance

It sounds clear and actually quite simple – balancing work life and personal life should be something everyone is capable of doing, right? In reality, the work-life balance is an intense and personal process, one that each business owner must define in their own life. Even when considering the personal nature of the work-life balance, there are some general tips …