6 Must-Know Tips For Starting Your Own Business
I quit my job in March 1991, moved to Los Angeles (for a short period), and researched different industries and businesses in search of my next entrepreneurial venture. I knew…
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Growing Profits
11 posts
You are in business to make a profit. You are in business to maximize your profits. So how does an entrepreneur build revenues, and improve profits? I cover these questions, and many more, in this section.
5 Steps For Your Small Business Profit Improvement Program and a New Profit Strategy
I attended the Slash and Miles Kennedy concert at Casino Rama in early October. My son is a huge Slash fan and managed to not only get tickets to the…
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What Is The Average Profit Margin for a Small Business in North America?
Much of the stuff I write about on this blog are things I’ve learned, and my entrepreneurial experiences running my business over the last 30 plus years. And when you’re…
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21 of the Most Profitable Small Businesses to Open Now
I sure wish the internet was around when I first opened my business in 1991. An easy web search would have made life much easier, especially because I would have…
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19 Easy Ways to Increase Profit Margins for Your Small Business
Most small businesses make a surprisingly small amount of profit and have lower profit margins then you would expect. I covered this in a previous post titled: How Much Profit…
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How Much Profit Does the Average Small Business Owner Make a Year?
I knew I wanted to own my own business from when I was 13. In fact, I started my first business, which was an “advertising business,” at the age of…
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3 Simple Financial Ratios That All Successful Small Business Owners Track
It’s been about eight months since I last got together with Mike, the M&A advisor who oversaw my business transaction that closed in October 2017. Mike and I went for…
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Why Small Businesses Fail And What You Can Do To Succeed
A reader wrote to me asking why small businesses fail. He wrote to me the following comment that I would like to address: “With the Internet and various technologies that…
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What Does a Buffet Plate Have to Do With Your Business’s Profitability? Five Steps to Improved Profitability
I attended the Slash and Miles Kennedy concert at Casino Rama in early October. My son is a huge Slash fan and managed to not only get tickets to the…
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Profit Isn’t a Disease. It’s the By-Product of a Well-Run Company. If You’re Not Yet Profitable, Fix It or Get a Job.
One of my favorite TV shows is “Shark Tank.” I enjoy watching the entrepreneurs present their ideas, the judge’s reaction to the businesses, the questions they ask, how they apply…
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