What to Consider When Adding a Partner or Shareholder

Practical Prosperity for Business

Adding a partner or shareholder is not simple.  As with any agreement involving money, spending the time having difficult conversations up front is well worth your time and energy.  A clear agreement avoids unnecessary conflicts that can sabotage or derail your business by taking energy from the business and focusing it on the conflict. Here are… Read More

What’s the Plan?

Practical Prosperity for Business

2016 has absolutely flown by. Maybe even too fast for some people. As the year comes to a close, it’s time to reflect on how your business performed this year. Some business owners may be completely pleased with the results. However, I would guess that most owners have an idea of what they could have… Read More

Hiring a Professional Consultant: The Real Cost

Practical Prosperity for Business

Hiring a professional consultant is a big decision. Adding capacity, expertise and value are all great benefits when taking the next step forward. However, many business owners only focus on one thing when it comes to hiring a professional: the price tag. The price of hiring a professional is very important as you want to… Read More

Aligning Your Intention with Your Actions

Practical Prosperity for Business

Our work lives can be pretty hectic at times.  We have all been there.  It is very easy to let ourselves get caught up in the day to day tasks and never step back to take a look at the bigger picture. While day to day operations are very important, this is only a piece… Read More

Change: Every Business Owner’s Least Favorite Word

Practical Prosperity for Business

  Change is inevitable. It can easily take anyone out of the comfort zone and into the fire. However, it doesn’t have to be that way. Change can be calculated and it can certainly have a positive impact on a business. Every business can improve if it takes the right steps to make a positive… Read More

Today’s Forecast Calls for Sales

Practical Prosperity for Business

In today’s society, everyone seems to be obsessed with sales.  While sales may not be the most important number on the financial statements, it is definitely the most emphasized. Yet few people actually use a tool to help them forecast their sales. So what’s the big deal with forecasting sales? For starters, forecasting sales can… Read More

It’s About More Than Taxes

Practical Prosperity for Business

It is officially everyone’s favorite season of the year. No, I am not referring to one of the traditional four seasons; I am, of course, referring to tax season. It seems that every time tax season comes around, people tend to go into a frenzy. A slew of questions always arrive at this time. “How… Read More

To Hire or To Outsource?

Practical Prosperity for Business

“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” – Red Adair Too often, businesses rush into hiring decisions and do not hire the person that would be a fit for that business. The decision is usually made off the cuff due to a temporary… Read More

It’s all in the Budget

Practical Prosperity for Business

It’s mid-September and most would think that it’s too soon to think about planning for next year. However, this is the perfect time to start preparing, because budgeting can be a challenging task as there are many components to finalize. Let’s face it: most of us do not enjoy budgeting, but it is a very… Read More

Pricing the Customer

Value Pricing Series | Three

In the first post of this series, we learned that value is the only common ground between a customer and a business when it comes to pricing. In the second entry, we examined what the value conversation is and how it helps us set expectations with our customers. Now, we are going to compare a… Read More