In the realm of business, facing challenges head-on is crucial for growth and stability. When financial setbacks arise, transparent communication with your banker becomes paramount. Here’s how to effectively navigate the conversation and secure support when your company encounters difficulties. Why Communication Matters No business is immune to occasional financial hurdles. Whether it’s unforeseen market…
Unlocking Your Business’s Financial Secrets: The Four Types of Expenses Hey there, fellow business aficionados! Today, we’re diving into a topic that might sound a bit dry at first glance but is absolutely crucial for anyone steering the ship of a small business: expenses. Yes, those financial puzzle pieces that can make or break your…
Expand Your Entrepreneurial Vision The world around us is changing, and if you don’t want to be left behind, you need to change, too. You can’t afford to hold onto your old ways. (The dinosaurs refused to change, and look what happened to them, and also Sears & Kodak.) But changing is easier said than…
From chapter one of “Small Business Toolbook” By Ray Silverstein, we learn how to manage your business with insight and vision. Goal: Learn to Manage with Insight and Vision Start by taking stock- conduct a SWOT Analysis… Are you familiar with the concept of SWOT analysis? This is a great offensive and defensive study and…
How to Sell Smarter: ‘Ditch the Pitch’ Review by Ray Silverstein There’s one subject entrepreneurs can’t get enough of: how to increase sales. Well, here’s a thought. If your current sales pitch isn’t delivering the results you want, it’s time to switch things up. Better yet, why not do something radical, and ditch the sales…
THE ONE THING The Surprisingly Simple Truth Behind Extraordinary Results Gary Keller with Jay Papasan – reviewed by Ray Silverstein The author states “The One Thing is the best approach to getting what you want.” “What’s the One Thing you can do this week such that by doing it everything else would be easier?” The…
Are Your Habits Helping or Hurting Your Business? Right now, many of us are wrestling with the personal habits we resolved to break or build back on January 1, like losing weight and giving up smoking. But what about your business habits? Have you given them any thought? Like it or not, we are slave…
“Don’t bring me problems, bring me solutions.” This is one of those standby expressions that small business owners frequently say to their employees. It recently came up in one of my PRO peer groups. The question was: is it a smart thing, or is it a dumb thing? At first glance, the phrase implies that…
What if… You needed a banker? Small Businesses need a resource of qualified bankers who understands your business and who have an appetite for your companies service or product. A good banker is a must have if your business is going to thrive. A topic at a peer advisory board is the experience peer board…
The Art of Delegating To grow a business beyond a certain point, there’s a bridge every entrepreneur must cross. You must transition from “doing” to “leading,” which means stepping back from day-to-day operations in order to oversee it. In other words, you must learn to work “on” the business, not “in” the business. Let’s go…
