Slow seasons are part of the game. But that doesn’t mean you have to sit back and “ride it out,” crossing your fingers and hoping that business will pick back up in the fall. That’s not a strategy. It’s a gamble. But, if you play your cards right, summer can be one of the most strategic seasons for your business. It’s a chance to pause, pivot, and prepare for the future without the frantic pace of your busier months.
Read MoreA solid business plan is your roadmap to success, guiding your decisions and helping you stay on course.
Unfortunately, many entrepreneurs skip this step when establishing their business, thinking it’s just paperwork; however, a business plan is an essential tool that can make a significant difference in your company’s growth, funding opportunities, and overall success.
Read MoreJust like life, businesses also go through phases that are influenced by various internal and external factors. Understanding these phases can be key to the sustained success and longevity of your business. Whether your business is in a coasting phase, growth phase, or pause phase, each phase serves a purpose in moving your business forward.
By recognizing and managing these phases, and moving intentionally through them, you can make the most of each phase and help to grow and evolve a successful, thriving business.
Read MoreOne of the most important (but often overlooked) aspects of running your company is addressing the question, “How much should I pay myself?” It’s crucial to pay yourself regularly to maintain financial stability. The whole point of starting a business is typically to create financial freedom and security for yourself and your family. But it’s easy to get caught up in the day-to-day operations and forget to take care of your own paycheck.
Read More
