4 Simple Steps for an Effective Small Business Strategic Plan + Template

Skip the overkill of most strategic planning to focus on where you are going and how you are going to get there. You only need enough detail to make the right decisions. Did you ever notice that both strategic planning retreats and horror movies are stories about a group of people trapped in a cabin […]

What is SWOT Analysis? Simple but Effective Business Environment Assessment

You’ve probably heard of a SWOT analysis, but you may not be completely aware of how useful it can be for your company. SWOT analysis is a simple but powerful method to assess your company and competitive environment. This knowledge leads to superior strategic plans. The simplicity of SWOT analysis can lure some to underestimate […]

Hidden Insights in the Sustainable Growth Rate Formula

The sustainable growth rate formula reveals the two big decisions that determine how fast your company can grow. Business owners pursue growth out of entrepreneurial instinct. Growth can mean opportunity and profits. However, your financial risk increases when you chase too little or too much growth. What are the keys to growth? The answers lie […]

Two Massive Business Trends You Can’t Ignore in 2021

Two massive business trends will accelerate in 2021. Are you ready for them? Will each trend be your friend – or the end? COVID’s impact on business is often described as a temporary challenge to endure. That’s wrong. The impact on business is permanent. It’s also the start of a massive surge of business innovation. […]

Go from Flying Blind to Focused with this Excel KPI Dashboard Template

Guide your small business to success with a simple small business key performance indicator (KPI) worksheet template for Excel or Google Sheets You don’t need to use a KPI dashboard to run your business. You don’t need to drive your car with a speedometer or a gas gauge. And you don’t need your mobile phone […]

How Does Value Creation Lead to Business Success?

Business success comes from value creation for owners, customers, and employees. Value is being built or destroyed throughout your business. What’s the purpose of your business? Some would define it as profitability, cash flow, security, or freedom. The purpose of a business is to serve the values of you as the owner. Its purpose is […]

Pricing Strategy Matrix of Profit Stars and Supporting Cast

These new product pricing strategies build lasting customer loyalty and value. Both current and future pricing are part of the definition of a good product pricing strategy. You’ve put in the hard work to build your new product. It’s finally ready for sale. You have one critical decision left. What is your pricing strategy? You […]

4 Proven Ways to Prioritize Your Goals and Tasks

Use these four methods to prioritize goals and tasks to focus on what’s important. You have lots of ideas. It’s time for action. It’s time to pick one thing and get it done. What’s most important? I’ll show you some practical ways you can prioritize goals and tasks. Carefully choosing what to do next is […]

Hidden Opportunities for Your Burned-Out Employees

Improve employee satisfaction and increase efficiency by letting your burned-out employees focus on what they do best. I’m sure you’ll agree overwhelmed and burned-out employees are a problem with every company. It’s particularly severe in overworked nonprofit agencies. A nonprofit coaching client told me they had too many tasks and not enough staff. We used […]

Easily Test Your Pricing Strategies for Maximum Profit

A quick price analysis will significantly increase the profitability of your pricing strategies. Every business owner wants to find pricing strategies that maximize their profits. Once you know the prices of your competitors, do you know how to set your price to maximize your profit? Let me show you how to estimate how your price […]

Are You Caught in the Business Growth Trap?

Before assuming business growth is the answer, a little research can save you from working hard for no additional profitability. A beaver trap uses the beaver’s instincts to kill it. When a beaver senses danger, its instinct is to go to deeper water. The trap scares the beaver when it latches on. Deeper water is […]

Business Goals Move You From Distraction to Direction

Define your Primary Aim, Life Aspirations, and Authentic Goals to Focus your Business Does a lack of clear business goals cause you to work for the needs of your business instead of the business working to serve your needs? Niche Retail was a company that many would consider a fast-growing successful company. Gino Wickman, in […]

Key Performance Indicators Guide Your Company to Success

You don’t need another number.  You already have more numbers than you know what to do with.  There is so much information coming to you from your business that the key performance indicators that matter most get drowned out in the noise of numbers. A client showed me their business’s dashboard. I kept scrolling down […]