Why Your Business Isn’t Growing and How To Fix It

Why Your Business Isn’t Growing and How To Fix It

  Over the past 3 years, we’ve poured a ton of focus and time into researching ‘how to grow your business’-type learning. We’ve looked at numbers, techniques, marketing, …, the whole 9 yards. But as you’ll read below, and just like in many aspects of life, if your business isn’t growing to your expectations – maybe it’s time to look in the mirror.   I was fortunate to find out early that the problem was me   And I’m very excited to share the story below with you today from Jeff, who also has some experience when it comes to breaking through your business goals… Especially when those goals come by realizing some hard truths about yourself.   Jeff sold his business to private equity for eight figures in 2017. He now manages his real estate, angel, and private equity investments and writes the occasional article on his blog, TheKickassEntrepreneur.com. […]

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“You’re Crazy to Have a Single Fund Portfolio…”

"You're Crazy to Have a Single Fund Portfolio..."

  I saw a headline during my morning blog reading the other day that jumped out to me as ‘crazy talk’. I guess as far as the blogger is concerned, the headline worked – it grabbed my attention. But once I gave up the sacred click and dove into his post, I started thinking to myself that a single fund portfolio is reckless, at best. And at worst – catastrophic.    “Investing in a single fund portfolio is just downright crazy,” was my stance    Then all I had to was find the information to back up my claim…    #ScienctificMethod   As I researched and contemplated over the course of a few days, my data backed up my hypothesis. Not diversifying is dangerous.     But on Research Day 3 – I noticed a scarlet letter forming on my chest   “H” is for “Hypocrite”, Mike.    Or   “F” […]

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“911 is on the Way, Placenta Ruptured, Don’t Know About Baby…”

“911 is on the Way, Placenta Ruptured, Don't Know About Baby..."

  “911 is on the way. It looks like her placenta ruptured and I don’t know if the baby’s going to be OK…”   It took a full moment for the gravity of those statements to sink in. I was just coming back from lunch and aside from the phone in my wife’s hand and the look on her face, all seemed business as usual. We had patients in chairs, staff working their usual jobs, and folks in the lobby all presently uninformed to the fact that 2 lives were in danger.    ‘Grave danger?’    ‘Is there any other kind?’     But in just a few moments, that scene would change…   “Got it. What can I do?”   And as I waited for my wife’s response, I looked over her shoulder and saw a friend, colleague, one of our original 2 employees, and most importantly a 35-week […]

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Crazy Yield Curve, Scary Recession, and How They Matter to You

Crazy Yield Curve, Scary Recession, and How They Matter to You

  Today we’ll cover the current economic conditions, what they mean in the grand scheme regarding the next recession, and how they have the ability to impact your personal bottom line.     Oh, how the economic indicators are signaling the next recession   Alarm bells, sirens… you know the drill. All signs are pointing toward a recession, and unlike a year ago, now we have some estimate on when the next recession will hit. But first, the indicators:   The Yield Curve – here’s what normal looks like     The yield curve shows you that when you loan money to the U.S. Government (via buying Treasury bonds), what interest rate you should expect to receive based on how long the term of your bond is. In the example above, if you buy a 5-year bond, you should expect a 2.9-ish% interest rate.   The curve almost always slopes […]

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Entrepreneurship Uncensored – The Good, Terrible, and… Bankruptcy?!?

Actually owning a business - The Good, Terrible, and... Bankruptcy???

  Two years ago we pulled the trigger on something crazy… Something that would change the course of our family’s financial future in a significant way – good or bad. My wife and I bought a dental practice on June 30, 2017, and in the time since that purchase we’ve learned, grown, sobbed, soared to new heights, and everything in between. Owning a business isn’t a walk in the park…   This is the story of that journey, probably in it’s best iteration – told nearly entirely through GIFs.    They say a picture’s worth a thousand words. Well, these GIFs are made up of a few pictures each, and there are about 30 of them so – I’ve got about 100,000 words down here. Enjoy the ride!   (Photo courtesy of Justin Montemarano)     Actually owning a business – The Good, Terrible, and… Bankruptcy???   My wife never […]

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The Most Important Key to Growing a Profitable Business

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  “Pay them well and keep them forever…” was the mantra an advisor kept coming back to when Monica and I would ask questions about staff development, turnover, and longevity. How do we find good people? What makes them stay? How can we find out if an employee may be bad, or worse – a cancer – to the team?? Although we didn’t realize it at the time, he was giving us the single most important key to growing a profitable business.   You Want a Successful Business? Pay Them Well and Keep Them Forever   I narrowly thought he was only referring to the employee’s wage, but over time I started to see how this mantra and attitude permeates into much more than what wage an employee earns.     We’ve been in the process of hiring our newest team member for the past couple of months and I’m […]

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9 Proven Methods to Build an Amazing Team at your Business

9 Proven Team Building Activities to Build an Amazing Team at your Business

    A well-functioning Team can be seen a mile away. Their mutual respect and willingness to help one another is pervasive and their results speak for themselves. You won’t find their members gossiping in the back room or wasting time tearing each other down. A great Team will work together, overcome obstacles, and achieve great results. And they didn’t get to this point with some wonky trust fall-like team building activities.   Nor did they just happen to randomly fall into this amazing cohesive unit.   They were led to this point.   Most likely by someone who cares more about the Team’s success than their own ego and glory-seeking traits would allow.   And if their leader were to take their hands off the wheel for a while, this group would probably remain tight-knit for a while…   But eventually, without someone constantly driving this group toward excellence […]

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Is a Company Car Good For Your Business…?

Is a Company Car Good For Your Business...?

  I can honestly admit that when we bought our business a couple of years ago, I never once considered getting a company car… Now that I’ve read the guest post below, I’m beginning to reconsider.   You see, aside from the convenience and increased capabilities a company car could provide your business, it takes miles off your personal vehicles and keeps your employees covered and free from using their own vehicles as well. Which can keep more money in your pocket.   So, Is a Company Car Right For Your Business?   Let’s find out below…       Would your business benefit from going mobile? Having a company car is a great way to both expand your services and get your brand out there. Plus, employees get excited to drive company cars, and executives love having happy employees. It seems like there are no drawbacks to buying a […]

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When the Status Quo Can’t Make you Wildly Wealthy but This Can…

When the Status Quo Can't Make you Wildly Wealthy but This Can...

  In a sweet Inception-like game, I wrote this post which was originally published on The Money Mix. It’s all about how we’ve used small business loans to advance our business and personal finances, and it’s packed with actionable intel. Let us know your thoughts in the comments below!     “One hundred fifty thousand on the build-out, two hundred seventy-five on the business, and another couple hundred on the goodwill…” It was like a sick and twisted math problem, circa 1st grade, just adding up all the small business loans we had taken out. Was I stressed and burnt out, and (in an honest moment) just a little terrified…?   I was.   But, at the same moment, I would also admit to feeling as professionally “alive” as I had ever felt in the past. There we were, a married couple in our early thirties and now business partners. […]

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How to Make a Full-Time Income Working From Home

How to Make a Full-Time Income Working From Home

  About a month ago, we published a post about The 10 Best Work from Home Jobs for Stay at Home Parents in 2019. While many readers received some great ideas and enjoyed the post, there is a whole world of possibilities out there.   So, when The Money Mix approached me with this post to syndicate here, I was originally skeptical. But then I read through the post and saw that there were many differences in what they determine are the 10 Best Work from Home Jobs compared with what we had previously published.   If you found something in the first post that is helping you to earn a little extra income – Awesome! But either way – here are 10 more great options, each with an actionable and detailed explanation of how to get started earning yourself a work from home income.   Good luck!   This article […]

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