When Managing Your Business, Think of It as A 3-Legged Stool
Running a business can sometimes be a frenzy of decisions and actions that it’s difficult to know how they’re affecting the direction of the company. For some, the realization comes a little too late and the business goes into crisis mode. Consider looking at your business as a 3-legged stool where you can’t afford a […]
Business Longevity: The Best Report Card for Business
What determines business longevity? If we all answered “Profitability, what else?,” we can’t be faulted for what perhaps 90% of people will answer. Turns out, there’s more to it than the “bottom line.” More precisely, profitability is the logical result of having the right mindset and attitudes towards the business which have longevity, not profitability, […]
Careful Pre-Planning Helps Complex Industrial Business Secure an SBA Loan
Rod Meyer had worked in Minneapolis 25 years with the market-leading industrial x-ray imaging equipment company, rising to vice president of sales and leading a tenfold increase in capital sales, before the company was sold and narrowed its product line. “The new company decided to focus on standard x-ray imaging systems. This decision opened an […]