The Strategic Business Blog

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

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