Did you know that statistically, 80% of businesses will fail within their first 5 years in business. And of the 20% that survive, 80% of those will fail during their next 5 years.
Here are the top 5 reasons that business fail….
There is no clear and concise vision and mission which is communicated to and understood by [...]
My business mentor once told me that where I will be in 5 years will be based on the people I meet and the books I read. He was correct.
Since that time about 5-6 years ago, I have set it as part of my goals to read 1 to 2 books every month. With [...]
Discounting if used properly can be an effective strategy to increase profitability and cash flow, but if not used properly it can cause serious consequences to the growth and profitability of your business.
Most of the time discounting is a gut reaction to a slowdown in business. Businesses find it easier to discount the value of [...]
Every business I speak with wants to increase sales in their business. Who wouldn’t? But increased sales is not necessary the goal. We don’t really want more sales, what we really want is more profit, right? Well not necessarily, because you can’t really do anything with profit. Profit is just a theory. The question is [...]
Everywhere you go today all you hear is how the bad the economy is doing. It’s true that there are many people out of work and business growth is moving at a snail’s pace if not at all. But!, there are many opportunities to be had, we just have to open our eyes. As the [...]