Fast-growing startups often follow internal processes that may have been suitable for much smaller-sized businesses. That leads to unnecessary workarounds and complexity.
Read MoreCompanies that set clear, realistic expectations and whose employees strive to exceed them enjoy a significant, practically unbeatable competitive advantage.
Read MoreCompanies with employees must know how much sales they must bring in and how much gross profit their products must make to cover their staff's costs. The metrics sales per employee and gross profit per employee can set the right thresholds.
Read MorePlanning is essential in understanding what resources you might need to bring your business idea to market. But you cannot plan forever because your plan will likely change when you learn something new.
Read MoreLike taking a before picture, baselining creates a reference point against which you can compare your improvements.
Read MoreMarkets that are compatible with your core competencies allow you to generate new revenues without increasing expenses.
Read MoreMany small businesses are not prepared to add employees and grow. Their workflows are too founder-centric.
Read More45% of Americans have a side hustle. 50% do so for financial reasons. Scalability is a crucial factor in determining the earning potential of a side business.
Read MoreIf you have trouble answering how much money your company makes monthly and what its profit drivers are, your bookkeeping probably needs an upgrade.
Read MoreLosing a loyal customer means foregoing all future revenues and profits from this customer, which can be significantly higher than the value of a single purchase.
Read MoreIf you need to make a New Year's resolution and are looking for items to add, pledge to prepare a thorough business case before making a decision that will significantly change your company.
Read MoreProjects can be events, weddings, photoshoots, house remodels, interior redesigns, and website launches. They usually share three critical characteristics: scope, time, and cost. Successful project managers follow eight best practices.
Read MoreEven if you want your company to stay small, scalability is the main reason your business is financially viable.
Read MoreStrategic networkers devote all their energy to developing and maintaining a network of people who can help them achieve their strategic business goals.
Read MoreAs a business owner, nobody will tell you what to spend your time on. But if you and your family have to live off your company's income, entrepreneurs suddenly face significant challenges.
Read MoreHow decisions will turn out in the future is sometimes hard to predict. But not always, if you develop a business case before making an important decision.
Read MoreUsing standardized components can significantly reduce the time spent creating proposals.
Read MoreSpeaking to a business coach with extensive business experience in various industries could sometimes prevent costly mistakes and save solopreneurs a lot of time — and their company.
Read MoreIn business, usually, nothing is perfect. What's far more crucial is that your products and services are better than those of your competitors.
Read MoreSimplification is the best cure for complexity. Here are 5 signs to detect unnecessary complexity in your own business and 3 steps to reduce it.
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