Summer is a great time of year for most businesses to pause for just a little while to take stock, congratulate yourself on what you’ve accomplished so far this year, and make big plans for your future. Here are five summertime strategies to help you regroup, reassess, and rejuvenate your business. 1. Mid-Year Review If your business runs by the calendar year, 2014 is already more than half over. This is a perfect time…
Read MoreHave you ever stayed at a hotel and then returned, finding that they have stocked your room with everything you asked for the last time you were here? Your special allergenic pillow was already waiting for you, you were asked if you would like a dinner reservation made just like you always do the first night, and there were even extra hangars because you always need extra hangars. None of this would be possible for…
Read MoreThe two major ways entrepreneurs can take money from their business is through draws or by receiving a paycheck. The type of entity in which their business is set up will determine which method can be used. In either case, entrepreneurs need to be careful not to shortchange themselves. Especially if you’re running a service business, it’s easy to initially think you can do well with a similar hourly rate that you earned as an…
Read MoreYou’ve already built a solid business that you have great pride in. Yet, if you’re like most entrepreneurs, you’re on a constant search for how to make your business better. One way to focus your search is to look for the weakest link in your business. From a return-on-investment standpoint, working on and fixing your weakest link is the highest payback thing you can do. It lifts your entire company up and makes it stronger. …
Read MoreAs business owners, we are a highly self-motivated bunch of people. We love our businesses, we love helping our customers, and we work very hard at what we do. Sometimes we work so hard, we get disconnected from our passion. Occasionally, it’s a good idea to step out of the daily details of business and get ourselves re-energized, reconnected, and rejuvenated about what we do. Here are five ways to do just that: Remember Your…
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