Pricing: Check Your Competitors

Many businesses do not periodically assess their pricing. In addition, sometimes existing businesses encounter pricing problems when introducing new products or services that are distinctly different from their current offerings. For small businesses that often do not have access to the tools that large companies have, pricing can be fraught with issues. So, the questions…

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4 Ways to Maintain Your Company’s Online Reputation

It is imperative that a company maintain establish and maintain a reputable online presence that speaks to its integrity. A motivation to increase both sales and customer satisfaction can help you achieve this goal. It is easier to lose trust with users of the worldwide web than it is to gain it. Whether your business…

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Interviews – Podcasts and Others

Some people tell me they’d rather listen to information on business financing and management than read. I’ve heard you! Below is a list, with links, to some of the podcasts and radio interviews I’ve done that may be of interest to you. Fran Silverman, Fraternizing with Fran: Small and medium business advice on everything you need…

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If Your Business Cash Flow Is Plummeting, Consider a Turnaround Consultant

  Are you experiencing serious financial and operational issues? If so, are you monitoring your business cash flow and observing a rapid decline or a consistent negative cash flow trend? What should you do? First, DO NOT PRACTICE DENIAL. If your situation is dire, you may need to immediately engage a business turnaround consultant. If…

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Business Cash Flow Falling? Know the Difference Between Financial and Operational Difficulties

It’s important to understand the difference between operational difficulties and financial difficulties and to determine which is the primary source of any downward trend in business cash flow. If your company is encountering financial difficulty or serious operational issues that could quickly lead to financial difficulty, pay attention. There’s a critical difference between the two.…

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Remember to Backup!

Several years ago I left my computer on overnight with old virus protection software. During that night and the days that followed, Trojans and viruses made their way to my home office hard drive. Thank goodness I had a good friend schooled in IT who diagnosed the problem and told me what to do. Based…

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Part 2: Seeking Greater Operational Cash Flow?

This is a continuation of last Thursday’s post: Seeking Greater Operational Cash Flow, Part 1 .  Click on the highlighted text to read it. Multiple Locations If your company owns or leases multiple locations, you should be tracking revenue generation and profits by location. If one or two of your locations that have been open…

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Seeking Greater Operational Cash Flow? Consider These Areas – Part I

When the operational cash flow gets tight, many business owners automatically consider external financing. Yes, external financing – debt, equity, a hybrid of the two, alternative financing – can be the answer to your business’ expansion funding or working capital needs. However, for those of you that have more stable businesses that are growing at…

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Will to Work: How to Become a More Adaptable Manager

Good boss or bad boss? It depends on who you ask. Establishing a positive reputation as an effective supervisor is important for the success of any company. One way to do this is when managers learn to become adaptable in the way they facilitate operations and enhance productivity. The following tips can help to promote…

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Getting into the Mind of the Consumer: What Businesses Often Miss

For businesses that seek to reach their customers and provide creative solutions, it can be hard to get inside the mind of the consumer. The tunnel vision of selling and the internal perspective of the product and business can make it difficult to understand what the true needs of the consumer are. A lazy business…

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