Business Strategies

At the heart of every great business is a culture that has attracted the best talent, has engaged employees, lower turnover and more profits over the long haul.

Would you make a deal with Lemonis? Some of these companies did.

“The Profit” is a TV reality show that is now in its third season and features Marcus Lemonis offering struggling small businesses money and his expertise in exchange for some percentage ownership in their business.

Over the next ten years, these industries will be experiencing huge growth. One way to get away from the “Discounting Disease” is to tap into an industry that is booming and demand is outstripping supply, thus allowing for companies to avoid discounting and actually increase pricing.

Guest writer Wes Ball…The other day, I had someone come up and say, “Wes, I just can’t stop discounting. It will kill my business.” My response is pretty much the same each time: Yes, you can.

The “discounting disease” that started in 1962, the year when Walmart, Target and Kmart were born, has seeped into every industry segment. Discounts are so prevalent now in both the B2B and B2C world that entire industries live (and die) by discounting.

Strategic Planning takes planning. Here’s a checklist to help you get the most out of your time.

Before you get too far into your strategic planning process, check out the following tips — your quick guide to getting the most out of your strategic planning process from publisher Wiley’s Strategic Planning Kit for Dummies.

It’s another off-site meeting where top executives go through the compulsory huddle to determine the future of Acme, Inc. Often described as grueling, mind-numbing, tedious and a “total waste of time,” the annual strategic planning session continues as a corporate ritual.

Knowing the true health of your company starts with tracking these 3 simple calculations from your balance sheet.