Succession planning— the grown-up conversation all business owners know they need but often avoid. It’s like that nagging reminder, "We should really start saving for retirement," and "Do I need this second boat?" Every business owner needs a … [Read more...]
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Be open to learning. Never stop. Find knowledge-building insights here.
Here you will find insights, tips and road signs to help you steer your business towards profitability, sustainability and financial strength. Raise your business instincts and gut level decision-making to new heights because in today’s business climate, there’s very little room for error and even less room for bad habits.
Measure Success with Lagging Indicators; Drive It with Leading Indicators
Business owners often focus on results they can't directly control while overlooking the activities that create them. Understanding the difference between leading and lagging Key Performance Indicators (KPIs) can transform how you manage your … [Read more...]
The “Iron Man” Way: Expanding? Don’t Fly Too Close to the Sun
Successful multi-unit owners believe they’ll crush it when they double down to expand. They have a vision, a rock-solid financial plan, and a six-pack of profitable locations. So why not scale up? Like Tony Stark in “Iron Man” during his early “I’m … [Read more...]
A Framework for Financial Coaching Success
Are you an advisor or franchise consultant who is strong on operational or marketing issues but struggles with conversations about financial matters? Or are you knowledgeable about numbers but can’t get people engaged in this critical topic? In … [Read more...]
Prepare for Profits in 2025, Part 2: 8 Ways to Fight the Profit Pinch
In our recent blog, Prepare for Profits in 2025, Part 1: Your Cost Structure May Never Be the Same, I shared my thoughts about how policy and economic changes might impact cost structures in 2025. I stressed the importance of monitoring your 5-Line … [Read more...]
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