by Kathy Martin | May 3, 2022 | Small Business Pitfalls
The case studies in this article are real stories. We’ve changed the names for privacy reasons. Each one of them reflect the type of situations we come across time and time again when working with business owners. Case 1: Debt-free Or Financial Ruin? Liz rang...
by Kathy Martin | Jan 25, 2022 | Business Improvement, Small Business Pitfalls
Usually at this time of year we’re talking to business owners about their goals for the year. Usually there’s plenty lined up. Lots of things they want to achieve in the business. Lots of benchmarks to be set and exceeded. There’s excitement and anticipation of...
by Kathy Martin | Apr 20, 2021 | Small Business Pitfalls
Commonly made yet simple to fix, often overlooked with sad consequences .. here are 9 mistakes you can easily avoid. 1. Paying Scant Attention To Your Cashflow Keep your finger on the cashflow of your business at all times. Otherwise you run the very real risk of not...
by Kathy Martin | Feb 3, 2021 | Small Business Pitfalls
Many business owners think their particular family business conflict is unique. Usually, it’s not. Conflict is particularly rife in family businesses. Handling The Conflict Dealing with any kind of conflict in your business is tough. It takes your mind off the...
by Kathy Martin | Jul 30, 2020 | Business Improvement, Small Business Pitfalls
For many business owners time is as precious, and sometimes seems as scarce, as money. Striking a balance between work and personal time can be a constant struggle. You might be working 12 hour days, or longer. Even more than 5 days week. There are never enough hours...
by Kathy Martin | Mar 11, 2020 | Small Business Pitfalls
Starting a family business is usually straightforward. But it can become complex to manage and complicated to exit. Conflicts over debt and other relationship issues are often the central cause. Failures can occur in any family-owned business. When they do, it’s often...