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?
Category: Phil’s Profit Points
Spring Cleaning Your Business Strategy: What’s working and how do you know?
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?
How to Hire Talent – Advice from Julia’s 100+ Job Searches
“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
How to create a business budget
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
What can a good board of directors do for mid-market company CEOs?
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?
Phil’s Profit Point 145 – The Need For Speed
I was in my accountant, Kelly Ozem’s office, on November 25th reviewing my October 31st year-end financial statements. That’s 25 calendar days and 15 business days to finalize the year’s books! Kelly, who is also my business partner in our firm Builders Group CPAs, told me last summer that he wanted to have my year-end … Continue reading Phil’s Profit Point 145 – The Need For Speed
Phil's Profit Point 8 – Do You Know Your Costs?
If your revenue information is in one line on your financial statements, you’re missing a lot of valuable information.
Phil's Profit Point 7 – The Bird Feeder
Launching a new product or service requires careful and intentional marketing strategies to build awareness.
Phil's Profit Point 6 – "I Quit"
Are your best employees at risk?
Phil's Profit Point 5 – Don't Waste Your Customer's Time
You can increase the number of customers by making it easier and faster for your customers to do business with you, says Phil Symchych, president of SME Business Wealth Builder.
