Successful business owners may face a conundrum as they pursue success. “Though my competitors do something similar, they don’t do it the way I do it. So, how do I know the right way to achieve success, especially if I don’t do things their way?” It’s a bit of a paradox: How can you build and enhance your company’s unique …
The Virtuous Circle of Improving Cash Flow
If cash is king, then cash flow is the kingmaker. Cash flow can have a multiplier effect in terms of achieving your planning goals for a successful future. Often, increasing cash flow requires strong performances from key employees. Let’s look at how properly motivating your key employees could cause a cascading effect that creates a virtuous circle of increasing cash …
4 Improvements That Can Position Owners for Greater Success
Success is rarely linear. As a business owner, it’s important to both acknowledge that fact and create plans that can provide short-term results while having long-term impacts. Today, we’ll show you four areas in which strong planning and realistic goals can position you to achieve more success in the coming year. 1. Building strong management teams Strong management teams implement …
The Importance of Reviewing Your Performance
As the year winds down, it’s important for business owners to raise their awareness of last year’s performance. Knowing what you did well, along with where you struggled, is crucial to planning for future success. Today, we’ll show you three categories that you can review—strategic performance, tactical performance, and financial performance—and some questions you may want to answer about those …
Planning Is a Team Sport: Which Teammates Do You Need?
Talent wins games, but teamwork and intelligence win championships. –Michael Jordan You are a talented business owner. It’s why you win in your market. But when it comes to long-term planning, having an intelligent team to support your talents can position you for even bigger wins, such as continued business success, financial independence, and a fulfilling retirement. Today, we’ll show …
Affinity Ventures Completes an RV Dealership Transaction
Affinity Ventures is pleased to announce the completed transaction of Aloha RV, Inc. based in Albuquerque, New Mexico. Aloha RV is a one of the largest RV dealerships in the Southwest and will act as an anchor into the New Mexico region for the acquirer. Affinity Ventures acted as the exclusive merger & acquisition advisor. The transaction closed on November …
How Time Can Affect Planning Success
Time is the one consistent element that affects all business planning. It’s also something that business owners can harness with proper planning. When harnessed properly, time can be your best planning friend. When ignored, it can turn the best intentions into a planning nightmare. Let’s look at how time— and how each owner used it—affected the futures of two separate …
Protecting Yourself Against Employee Risk
Successful business owners constantly strive for growth. And when everything’s humming along, it can be easy to think the good times will last forever. However, it’s crucial to protect yourself, your company, and your future against employee risk throughout your growth and planning. While it’s likely that many of your employees are good people working in good faith, just one …
Why Communication Is Essential to Successful Planning
The one thing that makes humans unique (and the most dominant species on the planet) is our ability to communicate using language. Why, then, do so many business owners fail to communicate their business plans—both short term and long term—to those who can best help them achieve them? A business plan isn’t something to tuck away. Instead, it’s something to …
What’s the Point of Asset Protection?
As a successful business owner, you know how important asset protection is. However, many business owners look past an important question when protecting their assets: “Why am I doing this?” A cursory glance at that question might make an owner say, “Because I’ve worked hard to create what I’ve got.” But that raises another question: “How is your hard work …