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 […]
Continue readingIf you truly want to reach business paradise use the dashboard light to guide your activities and corrective actions. Many owners of manufacturing, trades and tech companies anxiously await the release of their financial statements so they can assess their business performance. At best the financials are reviewed monthly but often they are reviewed on […]
Continue readingMany 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 […]
Continue readingOne of the biggest frustrations business owners have is dealing with staff issues. At first, they were a “one man show”, “chief cook and bottle washer.” It was hard work but the business seemed simple. As the business grows there is a need to add a first, 2nd and 3rd employee. Life is now getting […]
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