There are an increasing number of businesses, owned by "Boomer" owners, that are coming on the market as the owners age and find that they do not necessarily have family members who want to take the business over.
There are 2 reasons why taking over one of these businesses might appeal to you:
- As an alternative to starting your own business.
- As a way to GROW your existing business.
Read more about issues for a Profitable Takeover and links to Resources...(more here)
Five Questions to Ask Yourself Before Partnering
There may come a time in your business ownership lifetime where you are asked to consider partnering with someone.
Should you form a partnership with another business? Partnering can bring many benefits to both businesses, but there are also downsides.
Here are five questions you should ask before partnering....(more here)
Double Profits in 100 Days (DP100)
Every manager, and particularly owner operators, are interested in increasing the profit of the business units they manage.
Profit Savvy has distilled a wide range of advice and methods to enable you to do this and has grouped them in a Menu of the recommended sequence of events so that you can realistically hope to double your profits from your existing business within 100 days.
This article focuses on optimising your current business operation....(more here)
7 Online Store Areas Outsourcing Will Reduce Costs, Improve Service
For startup businesses it’s not uncommon to wear too many hats.
You’re the CEO, bookkeeper, customer support, marketing guru, salesperson, website admin, to name a few, it’s understandable you’re pulled every which way and struggle to devote adequate time to any one task.
Continuing down this rabbit hole will eventually be the downfall of the business so something has to give.
Outsourcing and using software where it makes sense is the right plan.
Check out the seven online store tasks that could be effectively managed external to the business....(more here)
The 10 Best Apps to Help You Focus and Block Distractions
While we sometimes think of distractions as being little more than a bad habit, they ALSO WASTE MONEY.
In 2010, researchers estimated that distracted workers cost businesses $650 billion per year.
The internet is one massive distraction.
One minute I'm aggressively knocking out my to-do list, and the next I'm sucked into "Which Harry Potter character are you?" quiz (Ron).
Notifications from Facebook, Slack, and Skype, not to mention alerts on my phone, pull my attention away from what I should be doing.
When I need to block these distractions and focus, however, I can turn to some apps for help....(more here)
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Save the expense of buying books and the huge amount of time required to wade through them with ProfitSavvy.org