Do Small Business’s really need to plan?
So, you started a business awhile back and it is going well. Your customers have increased, your revenue has increased, but so has the issues you seem to always have to deal with increased. Why? There is a strong correlation between those experiences and your lack of Yearly or 90-day operating plan for your business. […]
The Profit Curve – Market Profitability
The profit curve of a firm is the total revenue (TR) curve less the total cost (TC) curve. these curves display the fluctuations of cost or revenue (Vertical Axis) at a given levels of output (increasing along Horizontal Axis). Along the section of the curve where Total Cost is below Total Revenue, the point at […]
The Profit Curve – Product / Service Profitability
The profit curve of a firm is the total revenue (TR) curve less the total cost (TC) curve. these curves display the fluctuations of cost or revenue (Vertical Axis) at a given levels of output (increasing along Horizontal Axis). Along the section of the curve where Total Cost is below Total Revenue, the point at […]
The Profit Curve – Sales / Marketing Profitability
The profit curve of a firm is the total revenue (TR) curve less the total cost (TC) curve. these curves display the fluctuations of cost or revenue (Vertical Axis) at a given levels of output (increasing along Horizontal Axis). Along the section of the curve where Total Cost is below Total Revenue, the point at […]
The Profit Curve – Customer Profitability
The profit curve of a firm is the total revenue (TR) curve less the total cost (TC) curve. these curves display the fluctuations of cost or revenue (Vertical Axis) at a given levels of output (increasing along Horizontal Axis). Along the section of the curve where Total Cost is below Total Revenue, the point at […]
The Profit Curve – People Profitability
The profit curve of a firm is the total revenue (TR) curve less the total cost (TC) curve. these curves display the fluctuations of cost or revenue (Vertical Axis) at a given levels of output (increasing along Horizontal Axis). Along the section of the curve where Total Cost is below Total Revenue, the point at […]
The Profit Curve – Personal Profitability
The profit curve of a firm is the total revenue (TR) curve less the total cost (TC) curve. these curves display the fluctuations of cost or revenue (Vertical Axis) at a given levels of output (increasing along Horizontal Axis). Along the section of the curve where Total Cost is below Total Revenue, the point at […]
What is my business worth today?
All Business Owners will exit their business! That is an absolute! A business owner will: Close their business Deliver it to a family member or key employee Sell their business to a third party Since choice 2 or 3 is preferred, would it not be powerful to know what the value of the business is […]
Where do you want to go with your Business?
“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. ‘Which road do I take?’ she asked. ‘Where do you want to go?’ was his response. ‘I don’t know,’ Alice answered. ‘Then,’ said the cat, ‘it doesn’t matter.” ― Lewis Carroll, Alice in Wonderland Is your business on the […]
Do a Pre-Mortem in your Business
Abraham Lincoln himself said, “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” He knew the importance of essential planning and preparation in a project before it started in earnest. Performing a premortem is the business equivalent of Lincoln’s axe sharpening and it’s absolutely essential if […]