Business Strategy

How to Improve Your Business’s Cash Flow Accounts Receivable and Accounts Payable There are two areas that most businesses can improve upon with only a little effort: accounts receivable and accounts payable. Depending on your business,...

Are you concerned that your business won’t make it through the pandemic? Like many other small business owners, COVID-19 has thrown a wrench in my business plans. I finished my MBA in March just as...

The life cycle of business. Having a profitable company is the end goal of many entrepreneurs. People start their company as an idea, and if they are successful, it grows and matures into a growing...

Should you do that change, your client wants you to do? Anyone who has worked in construction or for a service company can tell you that at some point, the client will ask you to...

Make sure you understand the legal requirement for your business. Depending on where you operate your business and what industry you are in, there are different legal requirements for your business. In Canada, three levels...

Like an iceberg, what you can't see is what's dangerous to your business. There are three areas of knowledge: what you know, what you don't know and what you don't know that you don't know....

Streamline your business with the KISS principle I’ve been a big fan of the KISS principle for most of my career. The KISS principle (Keep It Simple Silly) is vital for small businesses. Small business...

Is your product or service at the end of its life? New products enter the market, and old products leave the market every year. Business owners face the difficult choice of knowing when to put...