3 Steps To Increase Profits by $50,000 in One Year
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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The Profitability Epidemic
There is a profitability epidemic lurking amongst manufacturing and trades businesses. Although a large number of businesses in these sectors are flourishing there are many well established businesses that employ five to fifty people who struggle to break even. In many cases the owner earns the same as their employees and works over seventy hours […]
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Are You a “Hub & Spoke” Business Owner?
Have you ever watched a bicycle wheel? It is easy to be amazed by its simplicity as is rolls perfectly down the road straight and true with no wobbling while providing a smooth ride. There is a lot of engineering in a bicycle wheel. The perimeter of the wheel contacts the surface while each part […]
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Have You Built The “Switzerland Structure” Into Your Business?
The value of a business can be negatively affected when it is too reliant on any one customer, employee or supplier. The Switzerland Structure is based on Switzerland’s focus on neutrality. The country has not declared a state of war since 1847 and it never entered the World Wars or the Iraq war. It opted […]
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Cash Flow Can Affect Your Company’s Value
You already know that your company’s revenue and profits play a big role in how much your business is worth. Do you also know the role cash flow plays in your valuation? Cash vs. Profits Cash flow is different than profits in that it measures the cash coming in and out of your business rather […]
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Increase Business Value With a Powerful Business Plan
A comprehensive business plan can play an integral role in increasing business value. A written plan that is updated on a regular basis demonstrates to a potential buyer that the business has been run in a professional, thoughtful and purposeful way. This increases the buyer’s confidence by reducing perceived risk making it more likely they […]
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