Increase Your Businesses Profit Margin

Creating a Business Vision & Mission

Thursday, May 17th, 2012 | Business

For any business to succeed, it must know what it is about. It must be able to clearly describe why it is there, and what it is there to achieve. Developing a vision and mission statement is a way of articulating these ideas to yourself, your customers, your employees, and to the world at large. A Business Vision that Inspires! If you don't know where you are heading, then you can make any choice and go in any direction (including backwards). The value in knowing your final destination (your ...
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YEAR END TAX PLANNING AND PREPARATION FOR BUSINESSES - Tax Tips

Wednesday, May 16th, 2012 | Business

Now is the best time to start thinking about your year end tax planning for your business. These tax strategies can be put into effect by the end of the year and some as late as when the tax return is due. Planning now will save you money and reduce your tax liability not only with your IRS taxes but also with your state taxes. Here are tax tips that will help you accomplish your goal. DEFER YOUR INCOME INTO 2005 If you don't receive payment until the first week of January for cash basis tax ...
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7 Sanity Saving Business Boundaries

Tuesday, May 15th, 2012 | Business

The lack of strong boundaries is one of the chief causes of stress, overwork and overwhelm in the business environment. Clearly set boundaries help other people to understand how you want to be treated. They are the rules, if you like, that apply when others deal with you and your business. Many of us aren't good at establishing boundaries, something that probably stems from way back in our childhoods. As children we are often taught that other people's needs are more important than ours. ...
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10 Strategies for Avoiding Overwhelm in your Business

Monday, May 14th, 2012 | Business

How many of us have been in a position where we have more to do than can realistically fit into one day, or week. So we spend all of our time feeling rushed, being rushed, and wondering how on earth we are going to manage. If you are having that feeling of overwhelm in your business, it's time to take stock of what's going on. How well you manage yourself and the time you have, is crucial to your success. Wasted time equals lost opportunities. Lost opportunities equal lost business and ...
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Are your Guilty of Driving your Business without a Roadmap?

Sunday, May 13th, 2012 | Business

For any business to succeed it must know what it is about. It must be able to explain what it is there to achieve, and where it ultimately wants to end up. Unfortunately the majority of businesses can't describe, or don't have a picture of what they are trying to become. Either it's just not considered important enough, or they get so caught up in the daily running of the business that there's no time for thinking beyond the next cycle. Having a vision and long term goals is essential. After ...
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12 Tips to Network Your Way to Success

Saturday, May 12th, 2012 | Business

Lots of people network but few reap the rewards of zeroing in on their potential when it comes to networking. Here are some tips to help fill the gap between where you are now and where you can be. 1- Be Generous- Give without expectations and you will be surprised at how it returns to you. It may not come from the same source but a new client, referral, or opportunity will show up because of your efforts. 2- Be Consistent- As in marketing, the more consistent your networking efforts the more ...
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Business Growth Through Strategic Merger and Acquisition

Friday, May 11th, 2012 | Business

Successful growing companies usually grow through a combination of organic growth and strategic acquisitions. For purposes of this article, a strategic acquisition is defined as an acquisition where the result of the combination is far greater than the sum of the parts. For example, if Company A with revenues of $50 million Acquires Company SA with revenues of $10 million, the Newco mathematically would have revenues of $60 million. The anticipated performance of a well thought out strategic ...
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Top Ten Tips When Business is Slow

Thursday, May 10th, 2012 | Business

Top Ten Tips When Business is Slow Judy Cullins ©2004 All Rights Reserved. How's your business going to keep growing with the holidays just around the corner? What can you do when most people don't want to spend money now? If you are concerned the cash flow won't flow and you won't have enough income for the next months, check out these ten tips: 1. Create written copy to email your subscribers and other email lists. Just for your faithful customers, send a free how-to report, a thoughtful ...
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Successfully Adding A Service To Your Business

Wednesday, May 9th, 2012 | Business

There will come a time in your business where you feel ready to add another service offering. To make this successful, there are ten tips to consider before moving ahead. 1) Revisit your business plan. If you don't have one, write one for your business as it currently exists (even a one-page, brief summary will work fine). Compare how your business plan will be the same or different with the addition of this new service. 2) Will this new offering build adequately on what you already have in ...
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MERGER AND ACQUISITION - AN ENGINE FOR CORPORATE GROWTH

Tuesday, May 8th, 2012 | Business

Two companies that are recognized as among the best at making successful acquisitions are General Electric and Cisco Systems. These companies have been star performers in growing shareholder value. The core principal that runs through almost every acquisition is integration. Over the past 10 years Cisco Systems has acquired 81 companies. Their stock price is up a remarkable 1300%. GE outperformed the S&P 500 index over the same period by 300%. There are several categories of strategic ...
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