Welcome to this new version of my business growth tips where I share strategies, tactics, ideas, successes, and some failures, to help you grow your business. “The best business strategies focus on delivering measurable value and results to your ideal customer.” — Phil Symchych You’re busy. The executive summary is a one minute read. The … Continue reading Assessing your strategy – what are your customers’ needs and how can you add value?
Welcome to this new version of my business growth tips where I share strategies, tactics, ideas, successes, and some failures, to help you grow your business. “Leaders need real numbers – strategy, sales, operations, and finance – to make better decisions and improve business performance..” — Phil Symchych I know you’re busy! The Executive Summary … Continue reading Spring Cleaning Your Business Strategy: What’s working and how do you know?
“What would happen to your revenues if your sales people took weeks to get back to your customers, like your HR people do to job applicants? It’s time for HR to get professional and treat job applicants with respect and speed.” — Phil Symchych Summary of How to Hire Talent When your company is searching … Continue reading How to Hire Talent – Advice from Julia’s 100+ Job Searches
“The easiest way to enhance your company valuation and protect your business wealth is with succession planning.” — Phil Symchych Welcome to this new version of Phil’s Profit Points® where I will share strategies, tactics, ideas, successes, and some failures, to help you grow your business and build your business wealth. If you want help … Continue reading Six Steps To Succession Planning Success
First of all, budgeting is not a mathematical exercise. It is not about adding 3% to last year’s numbers. The best CEOs I’ve worked with–yes, it’s the CEO and not just the CFO–analyze and set their budgets according to the business strategy. It’s strategy first, budget second. Now, the strategy needs to be measurable. Results … Continue reading How to create a business budget
A good board of directors will help you, as the leader, in several ways, including: Think more strategically and less tactically Leverage your strengths Compensate for your weaknesses Improve your analysis and decision making Think longer term than the next quarter or your to-do list Balance customer opportunities with resources and shareholder expectations Reduce your … Continue reading What can a good board of directors do for mid-market company CEOs?
Welcome to this final issue of Phil’s Profit Points. I hope that you’ve enjoyed receiving and reading these newsletters for the past three years as much as I’ve enjoyed creating them and sharing them with you. After three years, however, it’s time to move on. I’m moving on to new initiatives including: A regular newsletter … Continue reading Phil’s Profit Point 152 – The Final Profit Point
I am in Miami, Florida, meeting with my Global Growth Circle peers including Chad Barr, Guido Quelle, Suzanne Bates, Bart Sayle, Steven Gaffney and facilitated by Alan Weiss. Our group includes people from Britain, Germany, United States and Canada. We get together semi-annually to help each other on business and personal development because, well, we … Continue reading Phil’s Profit Point 151 – Business Growth Challenges
Welcome to Issue 150. We’re pleased to have been writing this weekly newsletter for three years and providing you with pragmatic and powerful tips to grow your business and your wealth. The Three Growth Factors Over the last two decades, I’ve worked with hundreds of business owners, executives, and managers of high-growth companies. There are … Continue reading Phil’s Profit Point 150 – The Three Growth Factors
My grandmother, “Babi,” passed away one month shy of her 103rd birthday. As you might expect, she had some great philosophies on life that helped her achieve such longevity. One of her favorite sayings was, “There are two kinds of people: those who worry and those who work.” Figure 149.1 Worry versus Work Business is … Continue reading Phil’s Profit Point 149 – Business Lessons from Grandma