| Grow Your Business - Summer 2010
The recession took its toll on stock values, including the stock value of your business. The Dow is down 22% from where it was three years ago. It’s probably safe to say the value of the majority of small to medium sized businesses (SME) declined at least that much. And for most SME owners, the value locked-up in their business is their primary source of retirement income. The baby-boomer SME owners are three years closer to retirement with twenty-plus percent fewer “moths” in their wallet. It’s time to build value and the articles that follow provide some tools for that reconstruction.
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Grow Your Business - Spring 2010
It’s no secret that the emerging economic recovery has been slow to appear in bottom line results. When this happens to professionals strategizing and implementing those strategies to create better results for their business, additional motivation and, often times, a new perspective is necessary to keep the focus. Each year we recommend stepping back and looking at your business from a third-party perspective to ask…”If I was a new CEO coming in to take over this company, what are the first things I would do to improve results?” It’s amazing the clarity you can get when you step back from daily operations. The articles below can assist you it gaining clear direction using this new perspective.
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Grow Your Business - Fall 2009
The headlines are reporting signs on an improving economy. They state that the nation’s manufacturing sector grew in August for the first time in 19 months as evidence. But just as you would expect when recovering from a physical setback, a recession recovery is tenuous. It is too early to celebrate; to turn to those dependant upon you and say ‘we got through it’. Recovery is the time to continue that intense focus and effort that has allowed you to survive so far. In this issue, we bring you back to forecasting your future with an eye on the message your business practices are putting forth. Don’t settle on your laurels, but pay attention to what your competition is doing so you continue beyond survival towards growth.
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Grow Your Business - Spring 2009
There is no cure for the common cold, just treatments to ease the symptoms. The cold has to run its course and over time the infected person recovers. The same holds true for the current economic “cold” - over time, the economy will recover. As business owners, the only treatment for the economic “cold” is a well thought out plan and the diligent execution of the plan’s strategies. In this edition of our newsletter, we offer you additional strategies to consider for your plan to make the symptoms of the economic “cold” bearable — S & G’s version of chicken soup, so to speak.
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Grow Your Business - Winter 2009
Every economic downturn produces winners and losers. Often the losers are the ones who hunker down, hope, and wait for better days to come. At the other end of the spectrum are the winners: those who strategize and implement those strategies, who succeed and improve their business in the downturn, and who create, not wait for, better days for their business. As you wage today’s economic war for cash, customers, and credit, I’m sure these articles will give you at least one more weapon to aide you in counting you among the winners.
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Grow Your Business - Fall 2008
It’s The Economy…..! Recession, tight lending standards, troubled financial markets,volatile energy prices...and the list goes on. No one can deny that economic times are tough, but don’t let that be an excuse to simply cut expenses and hunker down to just try and weather the storm. Many businesses have managed to grow and prosper during recessions. In this issue you’ll find some tips and ideas to help you succeed in this tough economic climate.
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Grow Your Business - Summer 2008
We’re Back! Shepherd & Goldstein is please to reintroduce its quarterly Grow Your Business newsletter. Just like the newsletters of
the past, our aim is to provide you with information relative
to current business issues facing the small to medium sized
business owner – to provide the food-for-thought for you to
work ON your business. As always, our goal is to help you
maximize the value of your business and attain your personal
financial objectives. Happy reading!
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