Three Signs It’s Time to Bring in a Business Advisor

Bringing in an outside advisor is often colored with the idea of failing, but that’s not true. Hiring a business advisor is the same as hiring any expert. You may contract with a lawyer to make sure your contracts are legal and favorable. You might hire a CPA or financial advisor to handle your financial filings. A business advisor is also a specialist with insight into specific systems, strategies, and technical know-how. Here are three times when you should bring in a business advisor without feeling like something’s gone wrong:...

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Examine Your Marketing Funnel Data: How Many Customers Are You Really Converting?

How you measure your quantitative goals matter. Sometimes, it’s all in the sheer number of customers or the amount of dollars earned. These hard numbers are what move your business forward and generate revenue. But there’s a deeper story in your sales data, and that all about percentages. So run your data and find these key percentages to find weak points and successes in your strategies: The percentage of visitors that become leads. This is where your marketing funnel really starts. The journey from being an online consumer with...

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Turning Your Weaknesses into Strengths with the Help of a Small Business Consultant

When you’re running a small business, you may get so caught up with the day-to-day running that you may not think about how to achieve your long term goals. When all your attention is going towards getting new clients and processing their orders, you may not have much time to map out a business strategy. This is where small business consultants can come in—to help you figure out where you want to go and how to get there. A small business consultant can help you figure out the weak links in your business. Are You Too Close to See the...

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Alternatives to Business Loans

Getting a loan is not possible for every business. It might not even be worth the paperwork if you just need a few extra dollars to buy one or two items for your business, especially if you are able to pay it off rather quickly. Business loans are not the only way to get money. Here are some alternatives. Friends and family. Though you shouldn’t do this unless you are absolutely sure that you can pay them back quickly, your friends and family might be able to help you through a tight spot with your business. They may be able to lend you...

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2 Reasons to Hire a Professional Advisor When Passing Down Your Company

If your business is going to stay in the family, it might not be a smooth transition. Unwritten procedures and invisible policies might not translate over to the next owner. Tax issues and financial problems can severely reduce the business’s profitability during the transition. Even family dynamics and personal conflicts can start to get in the way of business operations. Bring a professional in for key steps to keep the transition smooth. How can a professional advisor help? Any time you’re making a major change to your...

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