Introduction If a lucrative sale and successful exit from your company is the goal some day, hitting the $10 million mark in annual revenue (AR) is a critical milestone to achieve. Of course, a business that does less than $10 million in revenue a year can be sold, but it’s unlikely to hold the ...
If you're like a lot of founders, you're probably trying to time the sale of your business to coincide with the top of an economic cycle. Given today's headlines, you may be wondering if you have waited too long. However, as this blog will attempt to demonstrate, timing the market is a fool's ...
Table of Contents Why Create Standard Operating Procedures What Is a Standard Operating Procedure (SOP)? SOPs Are the Foundation of a Business That’s Built to Sell SOPs Are the Secret to Happy Customers SOPs Minimize Your Time Spent Problem Solving SOPs Help You Train Confident Employees SOPs Help ...
Most successful business owners know the value of a strong leadership team. They understand that they can’t personally be in charge of everything, at least not effectively. But what many owners don’t realize is the significant impact that an effective leadership team has on driving a company’s ...
As an entrepreneur, raising capital is a critical step in growing your business. However, the capital raising process can be tricky, and it's not always easy to convince investors to trust in your vision. That's why it's essential to have a strong investor pitch that showcases your business and its ...
You can now buy a subscription for everything from dog treats to razor blades. Music subscription services are booming as our appetite to buy tracks is replaced by our willingness to rent access to them. Starbucks now even offers coffee on subscription. Why are so many companies leveraging the ...
The ultimate goal of any successful business is to create value. One of the often overlooked components of achieving this goal is scaling an organization that runs without you. Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it ...
Serviced based businesses were disproportionately impacted by the pandemic and have continued to struggle due to inflation and a drastic change in consumer behavior. The people who cook for us, keep us fit, and clean our homes have been significantly affected, as a good portion of the population ...
