Taking your business from the start-up phase to becoming a medium-sized enterprise is a pivotal step for many entrepreneurs. If you are at this stage, congratulations! You have succeeded where many others have failed, and you are potentially on your way to becoming a very successful company. That said, there are countless challenges involved in business growth. Becoming an established … Read More
How to Take a Holiday Break as a Small Business Owner
Everyone deserves a break, especially those who work hard trying to a get a business off the ground. A recent survey found that three quarters (76%) of small business owners and entrepreneurs skip their holidays in order to keep their business running smoothly. But while there may never be a good time to take a holiday when you’re the boss, … Read More
Strategic Planning Steps for Business Management
What are the Strategic Planning Steps? The Strategic Planning Steps business management system is an organizational tool that is used by groups and corporations globally to refine their goals and maximize their resources. Drawing from the concepts of strategic military planning, the Strategic Planning process is one way in which businesses strive to attain a competitive edge. Strategic planning involves … Read More
Motivating A Team With More Than Pay Raises
Staff motivation should always be on top of your priority list because a business thrives when it’s people thrive. If they’re not motivated – if they don’t feel as if they’re adding value and are indispensable within the team – then your business is at a huge disadvantage. It’s a common misconception that staff are just concerned with the financial … Read More
4 Ways to Scale Your Service Business
Owning a service business can be tough, and running a service business day-in and day-out can be even tougher. For many service business owners, building a service business stopped being fun a long time ago and somehow it mutated into a “job.” Here are 4 tips to help you scale your service business and get your life back. 1. Recognize you’re in … Read More
How To Build a High-Performance Business
Building a high-performance organization means successfully outperforming one’s competitors for the long haul. But…how exactly is this done? If you start by looking at key characteristics of high-performing organizations, a blueprint for achieving long-term success emerges. This can be mapped out in five steps, along with some commons traps to avoid. Step One: Ensure the organization understands and leverages its … Read More
How to Plan Your Business Pipeline of Growth
Nurturing clear strategies for growth Effective growth plans are built from a targeted strategy that builds sales and profit by channel, customer, and product to identify what can be achieved. These plans are usually more realistic and will include a new customer or new product business pipeline to define potential sources and probabilities of new growth. By building up by … Read More
How a Business Plan Can Help Your Business Grow
The Power of Drafting an Annual Business Plan ….If you want to grow, one of the most important steps is to develop a plan for growth — and then make planning an ongoing process of your company. Remember: You can’t reach a goal you haven’t set. It’s planning that’s important, not necessarily the plan. The planning process itself brings you the … Read More
Williams & Kunkel, CPAs LLP client case study Jewelry Theory
Matching their passion for jewelry with their drive to revolutionize the industry… Dallas-based Jewelry Theory is not a jewelry store: it is a new approach to jewelry design and creation. And it’s catching on fast. We spoke with one of the four owners and Head of Design, Tony Logan, about the business and their journey so far. As with so … Read More
Is your business planning suffering from SPOTS Syndrome?
SPOTS Syndrome is proof that an organization’s strategic planning process is a waste of time and resources. Too many business’ strategic plans are still hit by ‘Strategic Plans On Top Shelf’ or SPOTS Syndrome. Here we look at three key areas that continue to foil strategic planning if not dealt with effectively: 1. Symptom: Conducting business-as-usual post-planning One of the … Read More