In this world of information overload, there is an abundance of material on how to run a successful business. Some is true and some is regurgitated from long held misbeliefs. The Bottom Line is here to dispel some of the myths and keep it real. Myth 1 – You must be an expert in all …
Summer is a great time for new projects that revitalize our lives. If your spouse or family is creative, you may have a lot of those summer projects that require your time and attention at your home this season. But what about a summer project for your business? It could be just the thing to …
Seven Summer Projects That Can Heat Up Your Business Read More »
How much is the average client worth to your business? Not just per project or even per year, but for the lifetime of your business. Calculating the lifetime value of a client is an eye-opening exercise I recommend to every small business owner. Repeat business Let’s take several examples. A client who eats a $15 …
As a business owner, you’ve probably acquired many skills and are wearing many hats in your business. While that’s admirable, your versatility and capability can often lead to slower growth for your company. This happens when you become the bottleneck. Here are five areas to check to help you answer the question – Are you …
Is your revenue increasing or decreasing every year? There are many factors that can cause your revenue to slide, and one of them I’d like to introduce is your opportunity number. Your opportunity number is the smallest amount of business you’re willing to take on when you take on a new client. Here’s an example: …