Profits Are Inadequate To Grow the Business
Business Challenges, Navigating Business GrowthIncreasing profits and decreasing costs are critical activities a business owner must focus on to create a sustainable business model. Essentially, profit is what’s left after total costs (funds needed to operate the business) are deducted…
Identify the Problem, Name It and Solve It
Business Challenges, Navigating Business GrowthSo many issues that create chaos in a business aren't identified correctly. Often, they are placed in the same group, which results in solving only one aspect of all the existing problems while ignoring the others. Here is a scenario:
You…