Growth

Business Strategies to Grow Bigger, Faster, Smarter: Step 4 of my Business Tune-Up Program

I’ve often said that you should not start any business without a business plan. So are you surprised that I put this strategy step at the end of my Business Tune Up Program? There’s a good reason. A “strategic growth plan” is entirely different than a start-up business plan, and plotting strategy takes a deep [...]

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Make Finance the Foundation of Your Growth: Step 3 of my Business Tune Up Program

Ready for part 3 in my 4-part Business Tune-Up Program? By now you know what really drives your profits; you have a dashboard that helps you keep track; and you have fixed any cash bottlenecks. Now it’s time to magnify all the good things you are doing in your business and watch the profits multiply. [...]

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How to Find Operational Leverage: Step 2 of Your Business Tune-Up Program

Sorry to have kept you waiting for part 2 in my 4-part Business Tune-Up Program. This week I want you to find out what really drives the profit numbers in your business. Scrappy entrepreneurs often build very broad-based businesses — which can become a confusing mix of high-profit and no-profit products or services. Let’s uncover [...]

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Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

Entrepreneurs are an odd lot. We pursue a passion but end up with a business. Sure, launching a company seems like a good idea at first. We start with stars in our eyes, but end up married to the dreary demands of running a company. If your business is not helping you pursue your dreams [...]

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All New Business Apps: 4 Ways Tablets can Transform Your Business

Are you stuck at your desk, trying to build a company using your PC to track and manage everything yourself? Its time to streamline — and transform — your business by using the next generation of tablets and apps. It’s no longer optional — your competitors are going to leap ahead by empowering their entire [...]

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Retirement is Dead: Retire in Entrepreneurial Style by Building Wealth Instead of Savings

I’ve accepted it: Retirement is dead. Anyone still working today might never be able to retire. So why are we all putting money into retirement savings accounts? Between IRAs, ROTHs, 401(k)s, SIMPLEs, SEPs and SOLOs, there’s no shortage of ways to save for a day that may never arrive. And yet Morningstar reports that the [...]

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Bridge Loans: How Angels Can Get You Cash When VC Can’t

Whether your business is growing rapidly or just getting started, you need cash. But negotiating equity investments can take a long time – time you don’t have. You need cash NOW… meanwhile, venture capitalists (VC) and other investors will spend months negotiating deal terms. And just when you think the terms are finally set, there’s [...]

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How to Segment Your Customers for Higher Profits

Like it or not, customers are not all created equal. Are they all equally profitable? No. Can your business afford to service every customer? No. Shouldn’t you treat them all the same? No. No. No. If you don’t know one customer from the next, wake up and smell the segmentation. In almost every business, just [...]

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Top 5 Pet Peeves of Venture Capitalists

Venture Capitalists can be a tough group to please. Because they hear hundreds of pitches every year, VC learn to sort the best from the B.S. I had a chance to discuss this topic with Mr. Ed Goodman, General Partner and Co-Founder of Milestone Venture Partners in New York City. During his VC career, Ed [...]

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Don’t Grow Like Groupon: Why Growth is Bad for Your Business

In today’s hyper-fast business world, we watch startups like Groupon go from zero to billions seemingly overnight. It’s tempting to measure yourself by these examples and to feel wholly inadequate. Personally, I have to wonder: Why aren’t my businesses growing as fast as these new-age juggernauts? What am I doing wrong? Is hyper-growth the new “normal”? The truth is, Groupon-style [...]

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Quit Your Job Now – While You Still Can

A Harvard Business Review article (and podcast) called “The High Intensity Entrepreneur” makes this shocking claim: “To be successful, entrepreneurs should wait until they are in their 30′s before launching a business.” I almost dropped my iPod when I heard this. The article actually quotes a study that says most highly successful entrepreneurs worked for [...]

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Get Ready for the Coming Boom in 2012

Prepare your small business for the next economic boom cycle. The recession is ending. Now is the time to get ahead of competitors by gearing up for growth and expansion.

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American Jobs Act Has Something For Small Business

President Obama announced his new American Jobs Act and promised it would invigorate small businesses. I’m often skeptical of the impact of any regulation, but this bill has a lot in it for you and me as business owners. There are 3 key sections that you should know about. Here’s my summary of those segments. [...]

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Business Plan Magic: Shrink a Harry Potter Novel to a Single Page

The magic of Harry Potter recently found its way into business strategy and planning. In fact, author J. K. Rowling gave up one amazing secret to her creative genius that every entrepreneur would do well to learn. No, she did not conjure her 3,407 page chronology using black magic, a wand or a potion. In [...]

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Bail, Paddle or Swim: What failed companies do when the ship is sinking

Companies come and go. Thanks to the Great Recession, I happen to know several that are on the way out. All three were stunningly profitable… in 2008. But now, all three are losing money. All three have a business model that is probably past its prime. None is paying the owners any salary at all. [...]

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← Previous Entries

Growth

Business Strategies to Grow Bigger, Faster, Smarter: Step 4 of my Business Tune-Up Program

Make Finance the Foundation of Your Growth: Step 3 of my Business Tune Up Program

How to Find Operational Leverage: Step 2 of Your Business Tune-Up Program

Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

All New Business Apps: 4 Ways Tablets can Transform Your Business

Retirement is Dead: Retire in Entrepreneurial Style by Building Wealth Instead of Savings

Bridge Loans: How Angels Can Get You Cash When VC Can’t

How to Segment Your Customers for Higher Profits

Top 5 Pet Peeves of Venture Capitalists

Don’t Grow Like Groupon: Why Growth is Bad for Your Business

Quit Your Job Now – While You Still Can

Get Ready for the Coming Boom in 2012

American Jobs Act Has Something For Small Business

Business Plan Magic: Shrink a Harry Potter Novel to a Single Page

Bail, Paddle or Swim: What failed companies do when the ship is sinking

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Growth

actionable advice from david worrell has appeared in:

what others are saying about us…

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SUCCESS IS NOT AN ACCIDENT

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