Business Issues

Here are five ways to fire yourself so you can tap into more energy and results:

1. Consider what you are doing that isn’t effective. Do you make many mistakes? Does it tire you out? Would you rather go to the dentist for a root canal than complete the task? Get real with yourself and stop doing these tasks. Find someone else to do them faster, better or cheaper than you can. (more…)

Many business owners that are of the baby boomer age have now lived through about 3 or 4 recessions, depending on their industry. (more…)

This is an excerpt of a speech I gave recently. It highlights one important aspect that is missing in business and our lives ….. read on. (more…)

Owing and running a business is often described as someone being an entrepreneur. What exactly is an entrepreneur? Here are a number of interesting points about an entrepreneur: (more…)

People are talking about a recession and that means fear is in the air.  “Well Tibor, how do you see my business or practice flourish in these times then?” Make sure you’re not making any of these common mistakes. Just correcting one of these can make a huge difference in the results you’re getting. (more…)

Attention business owners! Are you aware of the benefits small changes in three key areas of your business can result in a HUGE increase in your net profit? (more…)

If you’ve cracked a newspaper or turned on the news lately, it’s all doom and gloom about the economy. And it’s causing most business owners to do just the opposite of what they should be doing. I hope you’re not one of them. (more…)

The Random House Unabridged Dictionary offers the following as one definition of “recession”:

re·ces·sion -noun [Pref. re- + cession.] The act of ceding back; restoration. Yield.
A period of an economic contraction, sometimes limited in scope or duration.

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Last time I continued with our series of articles on the 5 factors that impact on a businesses growth. In particular I talked about the importance of capital requirements within a business which is no. 4 on the list below. How did your spend your $2 million?

This is a continuation of my “Why do some businesses grow” series. Improving your business systems (Part 1), Leadership skills in your business (Part 2) , The importance of Marketing (Part 3) , Available Capital in Business (Part 4)

This time I will share with you about the importance of ensuring you have appropriate suitably qualified external support to help you achieve your commercial objectives. (more…)

Research has shown that the following mistakes have lead to business failures in the past.

I too have found that this fisrt point is relevant. Many businesses have a lack of direction. This means the failure to establish clear goals for each part of the business and invariably no business plan. (more…)