Скачать или смотреть Common Small Business Problems... (and how to fix them)

There are a number of common problems I see small business owners facing time and time again... In this video I'll break down to top ones, and share more about how to fix them.

Overexposure…Keeping a single customer at a safe percentage of total revenue is a challenge for many a small business but investing in developing a healthy number of regular customers and clients is the foundation for long-term growth and stability. Good old cash flow…Cash flow is the lifeblood of any small business, but unfortunately, it’s not quite as simple as sending an invoice and having it paid at the end of the month.

Companies that have accelerated their receivables, streamlined their banking and established efficient payment terms and processes are in a much better position to kick into growth mode. The productivity toll…

Stress is unavoidable, particularly for the small business owner. While it can be a great motivator, too much over time can take a real toll on productivity. Business owners carry a much heavier burden than the average employee but finding a work/life balance that keeps the business sustainable is essential. Growth versus quality… When a business has worked hard to be good at what it does it can find itself chasing the market and saying yes to everything and everyone.

Turnover and customer count grow, but profits remain stagnant or go backwards. It’s a common problem and is only addressed by understanding the capacity constraints of a business, its real margins and having the discipline to say no to unprofitable customers.

Because so many businesses will face the same problems, it can be a great relief to a business owner to find out they are not alone. As a trusted advisor, having a set of tried and tested mechanisms to help your clients deal with these challenges will be of great value to them.

If you would like to know more about the problems I see out in the market and some of the solutions I have seen work, be sure to reach out. Thanks for watching.