Most plumbing businesses are started by a plumber who does great work but grew frustrated by having to do things someone else’s way. They might not agree with the short cuts their employer asked them to take or the level of customer service the company provided. They didn’t want a boss any more and wanted […]
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There is a profitability epidemic lurking amongst manufacturing and trades businesses in Vancouver and the surrounding area. Although a large number of businesses are flourishing I have had the opportunity to meet with dozens of business owners of well established businesses who employ five to fifty people that struggle to break even. In many cases […]
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Improve Cash Flow Almost every business wants to improve cash flow. The one common phrase I hear from business owners who struggle with cash flow and profitability is “just in case”. When I conduct a financial review of manufacturers, distributors, and trades businesses I often find they have too many employees or are carrying 50% […]
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Many companies in the manufacturing, contracting and transportation industries struggle to increase profits. The perceived solution is to increase sales when the real problem is that the business is a “leaky bucket” of profits. Think of your company as a bucket full of water. If there are holes in the bucket no matter how small […]
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I have met with over 100 business owners in Surrey, Langley, Delta and Richmond the past few years. I am thoroughly inspired by the hard work, dedication and quality of products and services businesses in this community produces. Many make a good living. However, despite their hard work and success running a profitable business there […]
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One of the biggest frustrations many business owners have particularly in the Manufacturing, Trades & Technology Sectors are lost profits due to underselling their products and services. I had a conversation with a Contractor in Surrey last month. He felt that he had to discount his prices to ensure he got the job. I asked […]
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