Pricing power refers to a company’s ability to set and maintain prices at levels that are higher than its competitors. It also involves being able to do so without losing significant market share. It is a measure of a company’s pricing flexibility and its ability to capture value resulting in improved profits. This, in turn, […]
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What is business growth, and how does it work? Growth in a business in and of itself may or may not be a good thing… Generally, a business’s ability to grow is regarded as a good thing. It’s usually indicative of: having attracted and satisfied more and/or larger orders, purchased and built inventory, hired and […]
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How Do I Calculate A Growth Rate Of A Company? As a business owner, it is important to have a very clear understanding of your company’s growth rate. Calculating your growth rate can help you make more informed decisions on allocating resources and planning for the future. In this blog post, we will explain the […]
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How do I grow my business? Acquiring new customers is a good thing, but growing your business is easier and more cost effective when you increase sales to existing customers. To accomplish this, strategically focus on your customer relationships and improve the customer experience. Sounds simple, right? After all, you’ve already acquired the customer; all […]
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For many, January is a time of rebirth and resolutions. It’s a time to reflect on last year’s achievements and to set goals for the year ahead. Some people will set personal goals like losing weight or quitting a habit, and most company owners will set business goals that focus on hitting certain revenue or […]
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Most business owners think selling their business is a sprint, but the reality is it takes a long time to sell a company. The sound of the gun sends blood flowing as you leap forward out of the blocks. Within five seconds you’re at top speed and within a dozen your eye is searching for […]
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Unlocking the wealth in a business is no trivial affair given that 80%-90% of most owners’ financial assets are tied up in their business. The smartest business owners are banking on their ability to monetize this wealth to ensure their financial security and lifestyle once they exit.
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Facts Every Business Owner Should Know. While boomers are holding on to their businesses longer than ever before, most will want or need to exit their business within the next 5 to 10 years. That could be good news if you’re looking to buy a business, but the market is about to get much more challenging for owners looking to exit.
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Stephanie Breedlove started Breedlove & Associates in 1992 as a way to pay her nanny. The big payroll processors weren’t interested in dealing with one person’s wages and doing it themselves was complicated and time-consuming, too much for the then overwhelmed Breedlove. Breedlove saw a business opportunity and started a payroll company for parents who […]
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