Tag's: business growth

Setting Business Financial Goals to Meet Growth Needs

Come with me on a journey for just one second. Imagine you were in a community where there was no grocery store. Every time somebody wanted to buy something, they had to travel 35 miles to the nearest grocery store, and this problem had just become so annoying to you, that you said, "You know what? I am going to start my own grocery store." So, you saw a problem and
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Growth can be stressful!

After a successful career in marketing, April John decided to start a shoe retail business. The retail store will sell specialty shoes specifically made to increase the activity level of seniors by reducing the stress on their feet. The business became so successful that April within the span of a year opened three other stores. April took loans to finance the opening of these three stores.April could not believe
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Building a valuable business and knowing when to sell

Building a valuable business is not for the faint of heart. It takes persisting over the long haul. At some point in the journey you may begin to think of selling. However, I will not advice you sell until you reach a million dollars in earnings before interest, taxes, depreciation and amortization (EBITDA). At this point, the number of buyers interested in buying your business increases. To explain this further,
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Planning for growth

Planning for growth disciplines business owners to look ahead while allocating the needed resources to meet growth goals. If you know where you are going, then it is easier to take short term actions to there. There are many different paths to growth. However, regardless of the path one chooses to take, one most consider the costs involved in achieving the required growth. In this article, I will be discussing
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Growth can be stressful!

After a successful career in marketing, April John decided to start a shoe retail business. The retail store will sell specialty shoes specifically made to increase the activity level of seniors by reducing the stress on their feet. The business became so successful that April within the span of a year opened three other stores. April took loans to finance the opening of these three stores.April could not believe
Learn More