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Business Planning and Your Budget

Business Planning and Your Budget

Creating a budget process is one of the most effective methods of keeping your business, and its finances, on track. You are “open for business” and now it’s essential to plan and tightly manage your business’ financial performance. When you...
Considering a Business Partnership? Consider This

Considering a Business Partnership? Consider This

It is always exciting to think about starting your own business. Sharing the excitement of planning and launching the business with a friend, associate or loved one is even better. Or is it? A successful business partnership shares many of the same qualities as a...
Employee or Contractor?

Employee or Contractor?

Employee or contractor? That is the question. One of our clients recently went through a BC Employment Standards Branch mediation to determine if a worker was an employee or contractor. The result of the mediation was that the worker was probably an employee...
How to Use Break-Even Analysis to Improve Your Bottom Line

How to Use Break-Even Analysis to Improve Your Bottom Line

Why does break-even analysis matter? The break-even point helps business owners determine when they will be profitable and assists them with pricing their products. Improving the bottom line is an ongoing challenge to business owners. Break-even analysis is a great...
Pricing Strategies – Pricing for Value

Pricing Strategies – Pricing for Value

Establishing a pricing strategy for your business is one of the most important and challenging things you will do as a business owner. The wrong price can make or break a business, impacting profit margins and cash flow among other things. We will take a look at three...
Your Own Business? Are You Ready to Start?

Your Own Business? Are You Ready to Start?

Are you ready to start your own business? People start their own small business for many reasons. For many, it is a calling. They are so passionate about their idea and how it will create change in the world, they simply must find a way to launch.  For some, they are...
Customer Lifetime Value

Customer Lifetime Value

Why is Customer Lifetime Value Important? Customer Lifetime Value is the total revenue your business can expect from a single customer.  In my opinion, it is one of the most important metrics to measure at any growing company. Research has shown us that it costs 6...
4 Steps to Creating a Great Value Proposition

4 Steps to Creating a Great Value Proposition

Value Proposition Defined Your value proposition is the reason your customers buy your products or services. It is why they are convinced that they should part with their hard earned money. Their money for your product or service is simply an exchange of value. Become...

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