You may have the greatest product ever, but if you don’t tell the world about it with a well-crafted promotions plan, it will sit on the shelves collecting dust until the day comes when you finally have to close down your business. Remember: you know what is great about your business because that belief in its greatness drove you to create … Read More
Show Me the Money!
“Show Me The Money!” Every business owner at one time or another has had this phrase or a version of it pass through their mind when brainstorming ways to find small business success. If you’re one of them, check off your business against these six critically important questions: Do you run your business by design (meaning, you choose what it … Read More
4 Small Business Strategies
It might be time to stop cutting costs and start focusing on growth strategies again. The law of diminishing returns tells us that cutting costs with your business will have a positive effect, but there comes a point where the return on investment starts to diminish. Is your company too focused on cost-cutting to boost revenue and profit? Cutting back … Read More
What is a Business Barometer?
Just as important as goal-setting is developing a way to track your progress. Having barometer, so to speak, will show you how you are progressing — and how close you are to reaching your goals. Seeing your progress will also help keep you focused and motivated. In short, having a business barometer will keep you on track for success. If you have big plans for … Read More
Five Tips for Smart Business Growth
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
Knowing When to Sell Your Business
Many business owners have the mistaken idea that retiring from their business will be a pretty simple process… …they’ll just find a buyer when they’re ready to retire and live off the proceeds of the sale for the rest of their lives. In an ideal world, this would be true. Unfortunately, the reality is much different. Except in rare circumstances, … 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
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
5 tips for making a knockout business plan
While most business owners may find it hard to come up with new ideas, there is really no excuse for having a poor business plan. During the early days of your startup journey, you should be able to do two things better than anything else: 1) give a straightforward and persuasive 30-second elevator pitch; and 2) develop a concise and … Read More
Williams & Kunkel, CPAs LLP client case study TSI
Bill Beatty at Telephone Services, Inc. talks about his accounting, payroll and more. Bill Beatty was working as VP at Telephone Services, Inc. (TSI) in Lewisville when the business came up for sale in 2005, and he jumped at the chance to own it. After all, how hard could it be to own the business after having already run and … Read More
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