Management Tips that Will Help your Small Business Grow

Owning any business can be challenging. However, the difficulty level increases when you’re a small business owner just starting out. In the beginning, you don’t necessarily have the finances to pay different people to do all of the work that needs to be done. This means that you’re serving as the owner, the manager, the employee, the janitor, everything else, and quite possibly even the accountant (although that’s a terrible idea).


These different positions shouldn’t be filled by one person. Sometimes you might think it necessary, especially during a startup, but if you want to have success, you need to learn early on that you can’t do everything.…

Continue reading

How to Build a Business That Can Flourish Without You

“We don’t need you anymore.”

These five words can be a stinging rebuke if they come from a loved one, but if they come from those in the business you’ve founded, they can be golden!

Whether to spend time on other endeavors, for an exit strategy, or simply to maximize growth, building a company that can flourish without you is a fundamental business practice.

You have to delegate some authority!

Creating ‘walk away’ wealth

Creating real “walk away” wealth is a prime reason to build a business that can thrive without you. It also prevents succession problems.

Many successful family businesses go bankrupt as soon as they are passed from one generation to the next or internecine strife tears the family apart when it’s time to make difficult succession decisions.…

Continue reading