by Hayden Nelson Yoder | Dec 31, 2024 | Uncategorized
Business forecasts give leaders insight into the company’s sales, earnings, expenses, cash flow, performance, and more over a pre-defined period of time, such as quarterly or annual. Your forecasts can help you understand: Best-case scenarios Worst-case scenarios...
by Hayden Nelson Yoder | Dec 31, 2024 | Uncategorized
Another year is coming to a close, and as a business owner, it’s a time when you need to reflect on the past year and start putting the pieces in place for a prosperous coming year. How can you do this? Year-end planning. Setting aside time now – well before the...
by Hayden Nelson Yoder | Dec 31, 2024 | Uncategorized
I have followed the Pareto Principle throughout my career, and it’s been a game changer. If you’re not familiar with this principle, it is a rule that states: 80% of your profits come from 20% of your clients or services The same idea applies whether you’re talking...
by Hayden Nelson Yoder | Dec 31, 2024 | Uncategorized
If you’re a sole proprietor, you’ve taken your first step to be successful in business. Over 23 million sole proprietors operate in the U.S., but if you want to take the next step in growing your company, it’s time to become a business owner. What do I mean by that?...
by Hayden Nelson Yoder | Dec 1, 2024 | Uncategorized
Planning could help the 50% of businesses that fail in the first five years stay afloat. If you want to start a successful business, you need to: Follow strategic, proven steps Plan for everything you can Identify your ideal client So much more Being agile in an...
by Hayden Nelson Yoder | Dec 1, 2024 | Uncategorized
Every business is unique. You have your own goals, and you follow your own path to success. But how do you know if you’re on the right track to achieving those goals? Benchmarking gives you a helpful starting point for measuring your progress, performance, and...
