Ray Silverstein has owned and sold multiple businesses and has helped other business owners do the same. While he was President of his businesses, he attended a Peer Advisory Board and when he sold them, he began running Peer Boards. He said that he learned more about business after running a Peer Board than the…
Goal: Manage Your Human Assets Wisely Make the Most of Your Human Assets In today’s highly competitive world, employee performance matters a great deal. As a result, your employees are either your company’s most powerful asset or its greatest liability. How do you ensure that your employees are the former, not the latter? By…
GIVE YOUR BUSINESS A POWER CHECK The key to growing your business is to keep evolving. To do that, you have to step outside your daily business and see where you fit in the big picture. You give your business an unbiased power check. Immersing yourself in new ideas is one way to broaden your …
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 done. How do you…
SWOT Analysis: Learn to Manage with Insight and Vision Conduct a SWOT Analysis Are you familiar with the concept of SWOT analysis? This is a great offensive and defensive study and activity. Large corporations and progressive small businesses (such as PRO, President’s members) use SWOT—an acronym for Strengths, Weaknesses, Opportunities, and Threats—as a strategic planning…
How to Reduce Business Expenses Without Losing Your Sanity Running a small business is tough enough, but when revenue drops, it’s time to make some critical decisions about expenses. In “the Small Business Survival Guide”, Ray Silverstein tackles this head-on, offering insights on how to cut costs, especially those so-called “fixed” expenses. In this post,…
How to Identify and Avoid Organizational Growing Pains in Your Small Business Growing a business is exciting, but can you grow too fast? Absolutely. While rapid growth might sound like the ultimate success, it can be more harmful than helpful. In fact, research shows that businesses growing over 25% annually are at a higher risk…
In the competitive world of business, standing out is crucial. One way to carve out your unique space is by defining your Unique Selling Proposition (USP). But what exactly is a USP, and why is it so important for your business? Let’s dive into how identifying your USP and understanding your sales funnel can make…
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…
Go Figure… How often do you review your critical numbers, those all-important figures that indicate how your business is doing? Do you wait until the end of the month, quarterly, or year to find out where you’ve been and how you’ve been doing? Or do you keep a constant eye on them? And what numbers…
