Please feel free to browse our most recent articles below.
Business Owners Cash Flow Handbook- Cash flow, the money flowing through the business, is one of the hardest concepts to manage, control and change in a business because there are so many moving parts. My goal in this FREE e-book is to break down each one of the major areas of cash flow management into easy to understand terms. Chapter 1: Cash flow explained. Chapter 2: Cash flow in business. Chapter 3: Cash flow influencers. Chapter 4: Developing a cash flow early warning system for your business. Chapter 5: The most common causes of cash flow problems. Chapter 6: Benefits of a cash flow forecast. All businesses will face some type of cash flow issues because they exist. Cash flow issues can be caused due to: (1) growth, (2) no planning, (3) not understanding asset and/or liability management, (4) poor bank financing, (5) employee turnover, (6) change in sales mix, (7) industry changes, (8) competitor issues, (9) product age issues, (10) customer turn-over, and many more. This book will give you deep insight into cash flow management. Click HERE to Download This FREE E-Book “Business Owners Cash Flow Handbook” Have a great week. Dan Lacy The Business Growth Coach
Stress and Business- Have you ever experienced stress because you owned a vibrant, growing business? Well, you are not alone. Almost all business owners go through degrees of stress just because they own a business. In this FREE e-book we cover the 7 areas that create the most stress for the business owner and clearly define actions you can take to reduce the stress in your business. Cash flow problems and their causes. Uncontrolled growth – where is the balance – we help you find it. Lack of a revenue growth strategy. Lack of financial knowledge – not understanding the balance sheet is more responsible for more stress than most owners realize. Undefined organizational structure and lack of delegation will create all kinds of stress. No defined Exit Strategy. 60% of business owners don’t have a plan to exit their business. This creates a lot of subconscious stress. It takes about 3 years of intentional planning to create a good exit and get the money you want. The importance of exercise and sound sleep will have on business stress. Spending another 15 minutes at your desk isn’t as rewarding as a 15 minute walk to clear the head and get your juices […]
Six Stages of Business Growth-There are identifiable stages a business goes through in the growth cycle. What works for a $1M company doesn’t work for a $5M or a $10M company. We grew a company from $3M to $30M in 6 years and experienced just about every stage problem in this book. The biggest challenge will be for the founder/CEO of the company, their function changes dramatically as the business grows. This book will help you identify those changes and how to prepare for each step up the ladder of growth. Stage One: 1-10 employees — One Man Show Stage Two: 11-30 employees — Ramp Up Stage Three: 31-50 employees — Delegation Stage Four: 51-70 employees — People Crunch Stage Five: 71-125 employees — Professional Stage Six: 125+ employees — Visionary There are approximately 6 million businesses in the USA with employees. 76% of these businesses never make it over $1M in revenue because they don’t understand changes business take when growing. 17.7% of business make over $1M to $5M; 3% make it over $5M; and 3% break $10M. Get the odds on your side. This short 26 page ebook will help you grow revenue and know what steps to take to get to the next level. Click Here […]
The 7 Core Elements to a Rock-Solid Business-Growing a business is hard work. We have created a short FREE e-book that will give you some quick, helpful tools that will help you grow a rock-solid business. Knowing how to use these tools will reduce stress and dramatically help you build a strong business. What is included in this book: What we can learn from a 3 legged stool. Sounds silly; but it creates a visual that works. 3 easy steps to set great goals that anyone can use. Uniqueness in people – how to tell the difference. This is powerful in order to hire and grow the right people. Key tips on marketing. How to structure the sales focus. How profit helps growth. Some keys on managing cash flow. Bonus section Creating SMART goals Four-Quadrant method of understanding people Marketing Do’s and Don’ts How to calculate a break-even point A number of causes of negatively cash flow Click Here to Download This FREE E-Book “The 7 Core Elements to a Rock-Solid Business” Have a great week. Dan Lacy The Business Growth Coach
Problems That Hinder Profit Growth-This is the twelfth and final article on “profitability”—a guide to help understand and develop the true significance of its impact on a business: revenue growth, peace of mind and freedom to do about whatever you want to do. Congratulations! You have made it through all 11 articles about profitability. There is just one final article in this series and I have left the most serious issues for this last article, identifying the key problems that hinder profit growth. We all have great intentions. We want our kids to be happy, to have a green lawn year round, to fund our retirement, and get our “to do” list complete. But these things rarely happen without focus and planning. If you are really serious about growing your business, improving profit, cash flow and dramatically improving its value and your future retirement, what are you going to do differently today, tomorrow and next month that will make you more money? It isn’t doing the same thing you did yesterday or last month. You have to change your mind set if you want to improve your business. Here are some concrete steps to take: Create a revenue budget by month by product […]