It’s always a good idea to be on the lookout for ways to increase your profits, and luckily, there are many ways to do that. One way is to focus on cost-cutting, and here are five places that are good to periodically review for cost-cutting possibilities. Telephone Re-negotiating with the phone company every one to two years is a really …
5 Bottlenecks to Avoid that Stump Your Business Growth
5 Bottlenecks to Avoid that Stump Your Business Growth As a business owner, you have likely acquired many skills and are wearing many hats in your business. Although admirable, your versatility can often lead to slower growth for your company. This happens when you become the bottleneck. Here are five places to check to make sure you haven’t become the …
What’s Your Opportunity Number?
What’s Your Opportunity Number? Is your revenue increasing or decreasing every year? There are many factors that can cause your revenue to slide, and one of them I’d like to introduce is your opportunity number. Your opportunity number is the smallest amount of business you’re willing to take on when you take on a new client. Here’s an example: …
6 Ways to Avoid Fee Resistance
Six Ways to Reduce Fee Resistance Do your prospects sometimes balk when you quote your prices? Do you feel you’re losing business because your fees are too high? The problem might not be your prices; it might be the way you’re presenting them to potential clients. Many business owners blame a lost sale on price, but only a small …
Business Roles and increasing sales
Are You an Expander or Contractor? As business owners, we naturally lean toward being an expander or a contractor in our businesses. In a nutshell, an expander makes things bigger and a contractor pulls things in, but there’s far more to this analogy which can explain a lot about what roles you want to have in place in your business. …
Seven Strategies to Fire up your Sales
Seven Strategies to Fire Up Your Fall Sales The fall months are a great time to rev up your business revenue. Many business owners are freshly back from retreat or vacation, and they’ve had time to refresh and rejuvenate themselves and their staff. Now it’s time to benefit from all that creativity that’s been unleashed and put those ideas …