We have been blessed to not only achieve success in our own personal lives and careers, but we’ve also had the benefit of working closely with many other successful people in all walks of life. This includes people in everything from business to politics to non-profits.

We have been blessed to not only achieve success in our own personal lives and careers, but we’ve also had the benefit of working closely with many other successful people in all walks of life. This includes people in everything from business to politics to non-profits.

Some days it’s easier to stay positive than others. For instance, those days when you land a big new customer or finally bring on board that key new hire. But there are other days when it’s really tough to keep that positive outlook. Simply flip the scenarios mentioned before where instead of landing a big new customer you instead lose a customer that makes up 25% of your business. Or that key employee gives you two weeks notice.

How Do I Value My Inventory?

We usually get a deer in the headlights response from our clients when they first hear us talk about how boring business can get when it’s running well.  That deer in headlights look comes because most folks can’t relate to being bored with their business.  Usually they have more colorful (and painful) words to describe how they feel about their business.  Things like frustrated, excited, overwhelmed, exhausted.  It’s rare that you meet a business owner who describes themselves as being bored.

If you’re in the business of meeting a lot of new people during the course of the week, month, or year, one of your keys to success will be to effectively share your story. What do we mean by sharing your story? It’s providing the person you’re speaking with the relevant points about your background that relate to them. You have to decide which parts of your experience you want to share. And how much of your story to share.

It might sound insane or counterintuitive if you run a company, but there is likely a chance you will get bored or distracted at some point. So what should you do to avoid this boredom? What kinds of troubles could this boredom cause in your business?

Few things are more strategic when it comes to the success of your company than setting your selling price. Yet we find that most small business owners take an overly simplistic approach to their selling price. It might sound something like, “What’s the competition charge?” Or “What will the market bear?”. While these might be good starting points when you first launch your business, chances are you will be leaving profit on the table, or worse losing money on some of your products or services.

I don’t care how long you’re in business, it never gets easy to let someone go. Especially if that person is in a more senior position and you’ve just recently hired them. So how do you know it’s time to let someone go?

One of the most common questions we hear from business has to do with paying their people. More specifically with how to pay their people. What most owners are really asking here is how do I structure a compensation plan that is going to properly incentivize my team to maximize profits for our business.