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Have you ever asked your team members what your business stands for in their own words? If they respond with a shrug or āIām not sure,ā chances are the company vision has only ever existed in your head, or the team has lost sight of your vision. Preventing Drift If you want to avoid your […]
Are you having the difficult conversations in your company, or are you avoiding important discussions in an attempt to keep the peace? Dr. JP Pawliw, co-founder of the Institute for Health and Human Potential and New York Times best-selling author, says this last 8% of the conversation that owners aren’t having is the gap between […]
There is no shortage of data you can track when it comes to your business. Each point of information provides insight into different aspects of your operations, but more data doesnāt automatically equal better performance for your company. What matters is selecting useful metrics that can be actively managed as KPIs and communicating these numbers […]
Leadership development takes time, and if you donāt have a pipeline in place early on, your companyās growth will be constrained by your own capacity. Rob Miller, CEO and visionary of RPM, based in Hammonton, New Jersey, says he hit this ceiling at $5 million. āYou’ll hit that ceiling, I promise you, and once […]
Franchising your brand can allow you to scale rapidly alongside highly motivated business owners who have a vested interest in the success of their location. However, you first need to find these individuals. There are over 4,000 franchise opportunities available in the U.S. currently. āSo, how do you become different in those 4,000 or one […]
One of the biggest concerns when it comes to franchising your business is losing control of your brand. Josh Malik, CEO of Joshua Tree Experts, headquartered in Stockertown, Pennsylvania, says when he shared his dream of franchising, his team was afraid of this exact thing.Ā āIt’s actually quite opposite of that,ā Malik says. āI’ve worked […]
If you want to break through different revenue ceilings, strategic planning is a critical tool, but it is only useful if you outline measurable, accountable action along with it. āThe definition of insanity is doing the same thing over and over again, expecting a different result, and most of the time building a tactical plan […]
When purchasing equipment, you have to decide whether a shorter loan with a higher interest rate or a longer loan with a lower interest rate is the best choice for your business. The answer greatly depends on whether your cash can be deployed elsewhere at a return above the rate spread. āAsk one question first: […]
Guest Post by Knowledge Tree Consulting Picture the owner of a growing landscape company. At 6 a.m., he is loading the trailer. By 9, he is quoting a job; by noon, he is chasing an unpaid invoice; by mid-afternoon, he is smoothing over a crew dispute; and by evening, he is at the kitchen table […]
When deciding where to invest money in the business, are you taking the time to calculate the cost of capital or going off gut instincts alone? While you may be able to afford the monthly payment on a new piece of equipment, you also need to ask if it is the best use of your […]
