Category: Business Best Practices

Winning the Competition of Bid Pricing

Pricing

Do you have a proven best practice strategy for bid pricing?  Do you effectively anticipate your competitors strategy?  If you haven’t addressed these questions, you may be bidding too high or too low, which could spell trouble for your business. Thankfully, a recent article from Forbes.com offers sound advice to simplify the bidding process and win… Read more »

Key Metrics Every Business Owner Should Monitor

blue key represents key metrics

Almost a third of businesses fail due to problems with the financial structure of the company, but you may be able to avoid this trap by understanding and monitoring certain key financial metrics and taking the appropriate actions. To assist you in this process, I recommend that you read comprehensive article that explores seven key metrics… Read more »

Know Your Business’s Worth

scale with value and price on either side

How much is your business worth? This is not a simple thing to determine, but it is one of the most important numbers to have on hand at almost every stage of your company’s development. For help answering this question, I recommend an excellent article from Entrepreneur.com. The article includes links to helpful side articles… Read more »

Keep Your Receivables Flowing Smoothly

manage receivables and stabilize your cash flow

No business owner wants to face a cash flow crunch. Unfortunately, many entrepreneurs find themselves in a sticky situation because of unforeseen issues with their receivables. To keep your receivables flowing smoothly, I recommend a short article from CEO World. You’ll learn the three cornerstones of receivables management that will set your business up for… Read more »

The #1 Rule In Business… Know Your Numbers

Having a financially fit company involves monitoring your most important financial numbers.  Most business owners are busy putting out fires, working with customers, and dealing with various other urgencies of the business rather than pouring over financial statements. We certainly don’t want to turn the Business Owner into an accountant, but it is important to… Read more »