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Grooming A Business

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Mistakes I See Business Owners Make Every Day (Part 2)

By Billy Richardson | August 4, 2015

Owning a business comes with numerous opportunities that aren’t possible when you work for someone else, but it’s easy to make mistakes when you own the company. This is especially true if you have a new business. Most new organizations simply don’t have the strength to weather a storm. If you’re in the early stages…

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Mistakes I See Business Owners Make Every Day (Part 1)

By Billy Richardson | July 30, 2015

Owning a business comes with opportunities that aren’t possible when you work for someone else, but it’s easy to make mistakes when you own the company. This is especially true if you have a new business. Most new organizations simply don’t have the strength to weather a storm. If you’re in the early stages of…

The Key Influencers to Corporate Culture

By Billy Richardson | July 24, 2015

Every company has its own corporate culture, an amalgamation of the values, traditions, beliefs and attitudes of its owner and employees. This culture guides a company’s day-to-day business processes and ultimately becomes its brand, for better or worse. So what are the key influencers that define corporate culture? Business Leader The business owner is the…

What’s Your Leadership Style?

By Billy Richardson | June 20, 2015

Business leaders, like the corporate culture they inspire, are heavily influenced by a number of factors. From geographic location and professional background to education, gender and life experiences, there are a number of dynamics that shape leadership styles. However, few things are quite as powerful in shaping a leader as the generation in which they…

The Value of Investing in Employees

By Billy Richardson | May 4, 2015

We make investments in order to accumulate a return and to increase the value of the initial dollars we invest. The same concept can be used in terms of your employees, and their potential to increase the value of your business – given a commitment to investment. Most business models place employee costs in the…

Hiring and Keeping the Best Employees

By Billy Richardson | April 10, 2015

If you don’t have good people working for you who are qualified and highly motivated, then you lower the chances of having recurring customers. If you don’t have recurring customers, you may not a have a business that is attractive to potential buyers. The quality of the people working for you is an essential business…

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3 Ways to Keep Good Employees

By Billy Richardson | March 24, 2015

Employee retention is an issue that plagues all companies– from tiny start-ups to global conglomerates. The human capital that is (or should be) invested in, with training and professional development, has an ROI that can be directly tied to the value of a business. Long term staff members gain a solid understanding of how the…

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3 Ways to Motivate With Compensation

By Billy Richardson | February 14, 2015

Naturally, a business will never mean as much to staff as it does to the owner. Employees, as loyal and hardworking as they may be, are not nearly as emotionally or financially invested. When employees can connect their own financial success directly to that of the business, there is an increased level of motivation. Compensation…

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When Building the Value of Your Business: Is Bigger really Better?

By Billy Richardson | January 20, 2015

Bigger is not always better; in fact, for some businesses it can be deadly. Many new business owners aim to be the biggest. To them this means making the most money, succeeding in multiple markets, and growing faster than the competition. However, many entrepreneurs are not prepared for what being a “big business” actually requires.…

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Planning for the Next Part of the Journey

By Billy Richardson | December 1, 2014

Every year you plan for your vacation with the anticipation of getting away and enjoying the fruits of your labors. You know where you are going and you know the way. The same kind of planning can strengthen your business. A new season of the year is a good time to reflect on what you…