The Strategic Business Blog

Terry McGill

Recent Posts

Court Reporting Firm Owners:  Should You Always Say YES?

Posted by Terry McGill

Court Reporting Firm Owners -Should You Always Say Yes

As we travel across the country working with our court reporting clients, an issue has developed that is creating potential and problematic dilemmas for our owners.

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Topics: Court Reporting Firm Owners

Exiting From Your Court Reporting Firm

Posted by Terry McGill

Exiting-From-Your-Court-Reporting-Firm.jpg

As many of you know, the court reporting industry is going through consolidation, mergers and acquisitions currently and the subject of exiting your business is a hot topic, for many owners.

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Topics: Court Reporting Firm Owners, Exiting a Court Reporting Firm

Top 3 Business Issues We Find With Court Reporting Firms

Posted by Terry McGill

Top-3-Business-Issues-We-Find-With-Court-Reporting-Firm-Owners.png

I have had the opportunity to visit and work with many court reporting firms, both in the United States and Canada, over the past few years. There are a number of common tendencies that seem to appear on an ongoing basis with the owners of these firms. Keep in mind, that the vast majority are, or have been court reporters themselves for some period of time. Most of the time, they have either started the firm from scratch or purchased an existing firm from the previous owner or owners.

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Topics: Court Reporting Firm Owners, Court Reporters

We Need a New Website!

Posted by Terry McGill

We need a new website for our business"We Need a New Website" is a very common statement in today’s small business environment. You probably have an existing website that you put together 5-10 years ago because everyone has to have a website nowadays, it’s like a phone number & address, it’s a must have!

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Topics: Websites, inbound marketing, Marketing Strategy

My Business Cash Flow Is Terrible!

Posted by Terry McGill

My Business Cash Flow is Terrible

This seems to be the battle cry for many small businesses and small business owners. I think many owners are surprised when I tell them that they have very good cash flow! They look at me with a puzzled expression, as if to say, “You must be on something stronger than coffee!”

No, I’m not on anything stronger than coffee.

Here’s what I tell them:

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Topics: Small Business Management, Cash Flow

I’m Just a Court Reporter…(who owns a firm)

Posted by Terry McGill

I'm just a court reporter - who owns a firmIt’s amazing how often this response comes up, on a national basis, when I’m speaking with a court reporting firm owner. As we have discussed in the past, owning a court reporting firm and being a court reporter are two entirely different situations. Since the vast majority of court reporting firms are owned and operated by individuals who were, and in many cases still are, court reporters, that statement becomes a very accurate depiction of what it is like for the vast majority of these owners trying to own and manage a court reporting firm. For discussion purposes, let’s look at why this dynamic exists for firm owners across the country.

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Topics: Small Business Management, Court Reporting Firm Owners, Court Reporters

The Court Reporting Industry Has Changed, What Do I Do?

Posted by Terry McGill

Traveling around the country and interacting with court reporting firm owners, it seems one of the major topics of discussion is how much the court reporting industry has changed over the last 25-30 years. From all accounts, the heyday for court reporting was in the 80’s and the very early nineties. This change, for the most part, has caught many owners off guard and wondering what their options may be at times. I’m not sure there is a single answer or a singular solution to these industry changes. Change is inevitable in almost all industries over time. Some of the changes are beyond your control and some of the changes are manageable. To garner a better idea of these changes, let’s look at this from a macro and micro vantage point:

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Topics: Court Reporting Industry Change, Court Reporting Firm Owners

Does Hiring Your Way Out of a Small Business Sales Problem Work?

Posted by Terry McGill

Small business sales problem

When small business owners have a sales and/or marketing problem, they will often try to look for a quick fix and will attempt to hire their way out of the problem. Trying to solve a sales problem this way can have a high degree of risk and create additional management and profitability problems.

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Topics: increase sales, Small Business, Marketing Strategy, Hiring Problems

What is Small Business Optimization?

Posted by Terry McGill

What is Small Business OptimizationOften we speak with owners of small to mid-sized companies who are not getting what they want from their business and are ready to be more proactive and strategic. They realize they shouldn't expect different results if they keep doing the same things they've been doing.

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Topics: Small Business Management, Small Business Optimization, Small Business Consulting, Marketing Strategy

Are You a Business Owner Suffering From Self-Inflicted Wounds?

Posted by Terry McGill

frustrated small business ownerAs I travel around the country and work with small business owners, I have realized that there are certain limiting factors in the small business marketplace that are universal in nature and fairly commonplace. Those are self-inflicted wounds.

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Topics: Small Business Management, Self-Inflicted Wounds, Small Business