How Belonging to a Trade Organization Adds Value with Benchmarks

  The Beauty of Benchmarks If you are in a business that has a strong trade organization that provides industry benchmarks, it is certainly worth joining.  If the trade organizations are national, in many cases they will be structured so that they will only have one member in each competing market.  That way you can… Read more »

Get a Grasp on Your Business Insurance

As an owner of a business, surely one of the more aggravating expenses to swallow is for insurance.  Regardless of the various types of insurance you have acquired, you are paying meaningful sums for insurance policies you pray never to need.  Unfortunately, going without is not an option when one misfortune can instantly take down… Read more »

Find a Mentor; Become a Mentor

Being Mentored and Mentoring I must admit this is one piece of advice that I wish someone had given to me thirty years ago.  As I interview people who have had varying degrees of personal success, very few of the most successful go very long without mentioning what an important part a mentor played in… Read more »

Financial Planning – Are you looking at all options?

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”   Robert Kiyosake on Financial Planning (c) Can Stock Photo / robwilson39 Am I Protecting My Financial Future? Retirement and tax planning are both very important as you… Read more »

Focus…Focus…Focus

Are you a hedgehog or a fox? In his famous essay “The Hedgehog and the Fox,” Isaiah Berlin divided the world into hedgehogs and foxes, based upon an ancient Greek parable: “The fox knows many things, but the hedgehog knows one big thing.” Good to Great, by Jim Collins, New York: Harper Collins Publishers, 2001… Read more »

Business Owners – Unclip Your Wings!

As a business owner, you know how absorbing the daily activities of your business can be.  Relaxed, stress free, laid back, comfortable – these terms may generally not apply to your daily business routine.  Frantic, hectic, intense, time starved – these terms may better resonate.  Hopefully, you at least fall somewhere in between.  Whatever your… Read more »

It’s February – Is Your Budget Already Broken?

For business owners and operators, it is frustrating to realize that the budget that you and/or your staff prepared in the fall of last year looks now, in the early stages of the New Year, to be veering to the left or right of reality.  In either case, whether prospects are way better than your… Read more »

Do You Rely Too Heavily on a Few Customers?

  Be Prepared for the Unexpected  One danger that many small businesses flirt with, is the over-reliance on one or two large customers.  Especially if those customers are currently sending enough business to keep things busy.  The obvious risk is that the customer might suddenly disappear.  As unlikely as it may seem at the time,… Read more »