Taking Control Over Your Business
Do you ever feel like everyone else is controlling your business but you? The pressure from suppliers, staff and government to name a few, can be overwhelming and make you feel like you have little control over the daily operation of your business. But wait -there is a solution. Read More
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Rightsizing Your Business For Success
We are led to believe that success and profit is predicated on the growth of your business. The more units, parts, accessories and service you sell the more profitable you will be. We certainly know that a healthy economy is reliant on a certain level of growth in GDP and employment. But is that true for business? Read More.
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The Year In Review
Another year has passed for Lifeline Business Solutions and it certainly has not come without its challenges. 2011 began with great optimism that we were finally climbing out of the worst recession since the Great Depression. We were hopeful that consumer confidence would return and business would begin to grow again. Read More.
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Finding The Solution to Your Business Success
You have no doubt heard the expression, "Can't see the forest for the trees". I think this saying was conceived specifically for the reading of financial statements. It is easy to assess whether a company was profitable and has equity by just looking at the statements. But what about all the other factors that go to make a company successful? Read more.
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What Is The Right Cash Flow Formula For Your Business?
I think we would all agree that Cash Flow is one, if not the most important element of your business operations. Too much and you are not maximizing your return on investment and too little may turn into that dreaded word – bankruptcy. So what is the right formula? Read More.
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Salary Expense Is Your Road Map To Enhancing Profitability!
We know that salaries and wages is the largest single expense item on your Profit & Loss Statement. It represents your investment in the efficient operation of your company and can mean the difference between profit and loss. But is it just dollars and cents that dictate your success? Read more.
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Is Your Business Stuck?
The word "STUCK" is not a very fancy business expression, but it can carry tremendous negative power. Sometimes the challenge of getting our business unstuck appears so overwhelming we will do anything to avoid having to confront the stuff that actually needs to be done. The feeling of being stuck is horrible and it breeds things like complacency, stress and vulnerability. You have heard the expression, sticking your head in the sand and hoping the problem will go away. It won't. So here's what to do.
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Managing Change, Plus 7 Steps to Take When Facing A Challenge
I recently read a very good article written by Tony Kubica and Sara LaForest that I would like to share with you. I think it really puts into perspective what owners and business managers need to do when faced with a challenge that requires change. Read more.
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Managing Stress for Success
Owning your own business brings a whole host of stressful situations to your day to day life. Stressors like issues with staffing, a myriad of frustrations with suppliers, customer demands and the daily management of your company can be overwhelming. Stress is not something that we can see or touch, but it can have devastating effects on your mental and physical health. So how do you deal with stress to limit the adverse effects? Read more.
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Are You Prepared For the Off-Season?
If you are a Marine or Motorsport dealer who does not have a winter product to sell, the coming months can be very stressful. Obviously sales will drop off to a trickle, while your overhead and operating expense will continue to drain your cash flow. The question is, are you prepared to meet these business challenges until sales begin to ramp up in the Spring? Read more.
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