Profit Growth article

The Biggest Risk to Your Business

What’s the number one enemy to your dreams and your business goals? In today’s coaching tip, best-selling author and business coach Chris Hogan explains how debt can kill your company and shatter your plans for the future. 

Debt can derail your business, but it’s not the only thing that can get you off track. Learn to be a better leader and business owner from some of the top experts in the world. Subscribe now to our EntreLeadership Podcast. 

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Profit Growth article
young male entrepreneur works on his laptop in a cafe

7 Low-Cost Ways to Market Your Business Now

When you think about putting together a marketing plan, what’s the first word that comes to mind? For most of us, it’s probably overwhelming. What channel should you use? How do you know you’re reaching your customers? Why can’t you get any likes, and what the heck is Snapchat anyway? Trying to get your company noticed makes you want to pull your hair out.

Before you go totally bald, though, read on. Marketing doesn’t have to be scary, complicated or expensive. In fact, many things you can do are absolutely free. Here are seven cheap and simple ways to market your business now.

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Profit Growth article

A Game Plan for Success: Coach Lou Holtz on Becoming a Great Leader

One of the most successful college coaches of all time, the legendary Lou Holtz has mastered the game of football. There’s no doubt about it. But for this coach, knowledge is just a small part of winning. To be truly successful takes great leadership. And few have done it better than him.

Holtz has inspired young men for years to climb to heights they never could imagine. In fact, he is the only coach in the history of college football to take six different teams to a bowl game. He’s won five bowl games with different teams and has had four different college teams ranked in the final Top 20 poll.

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Profit Growth article
three young women gossip in an office setting

Fighting the Five Enemies of Unity

For Troy Meachum, owner of ACR Supply Company in Durham, North Carolina, the thought of vacation was anything but relaxing. It’s not that he didn’t love getting away; it’s that he dreaded returning to a desk full of problems and team members who weren’t getting along.

Troy knew something had to change, so he rolled up his sleeves and went to work to transform his company’s culture. A major part of that was unifying his team. To accomplish this goal, Troy relied on the lessons he learned through EntreLeadership. He learned that if he kept the five enemies of unity away from his door, everyone became increasingly unified. You can do the same!

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Profit Growth article
man taking notes at his desk and using a calculator

The Three Most Important Questions You Need to Ask Now to Grow Your Business

Spend any time with Mark Daniels, and you’ll quickly learn he loves business strategy. In fact, his eyes light up when he talks about helping a company grow. And as Dave’s executive director for strategic planning and project portfolio management, that’s a super good thing.  

So we decided to take advantage of Mark’s passion for planning and asked him to share some tips with you about taking your company to the next level. Mark says a simple way to get started is to ask yourself these three basic questions to help lay the foundation for your strategy. Here are Mark’s top queries.

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Profit Growth article
man working on business taxes using a calculator at his desk

Small-Business Owners: Focus on Taxes or Business Growth?

For the hard-driving, entrepreneurial, small-business owner, dealing with their business’ finances can be the most challenging (and dreaded) task on their to-do list. They’re focused on growing their businesses, landing clients, and cranking out product. Taking time out to balance spreadsheets and fill out forms to file their quarterly tax payments seems like punishment. Even Dave, a numbers guy at heart, admits he hates doing the accounting for his business.

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Profit Growth article

Top 10 EntreLeadership Podcast Episodes for Small-Business Owners

With more than 6 million downloads, the EntreLeadership Podcast has proven to be a go-to source for small-business owners and leaders. It has helped our listeners improve their leadership and business skills, grow their companies, and better their lives. And it can do the same for you! To get you started, we’re listing our most popular podcasts. These are the top episodes that your fellow small-business owners are listening to.

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Profit Growth article
a bad hire carries his box of personal possessions after being fired

The High Cost of a Bad Hire and How to Avoid It

What’s the cost of a bad hire? It’s much more than you think. There’s the actual dollars and cents—an estimated 30 percent of the employee’s first year earning potential, according to the U.S. Department of Labor. Add to that the loss of productivity, morale, possible customer relationships and your culture, and the price tag is enormous. In fact, it’s been estimated by Resoomay, a service that helps technical candidates find jobs, that the ROI of a team member who doesn’t work out is -298%.

So how can you avoid a bad hire? Finding the perfect fit for each position at your company is a skill that can be learned. So to help you get started, we’re listing some of the biggest missteps and how to avoid them.

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Profit Growth article
three co-workers conduct a panel interview

EntreLeaders' Best Interview Questions

You’ve made the decision to hire a new team member, and you’re excited about it. Help will soon be on its way. But then the thrill begins to fade as you realize you have to interview potential candidates before you can offer anyone a job. And if you are like many of your fellow entrepreneurs, that’s anything but your strong suit—especially if you don’t know what questions to ask.

So to help out, we asked EntreLeaders from across the country to share the top interview questions they use to find the right candidates and why they ask them. Here’s their best advice.

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Profit Growth article
three office workers enjoying a productive meeting

5 Ways to Take Control of Your Day

Does it ever feel like there are never enough hours in the day to get things done—no matter how hard you work? If this sounds familiar, you might be suffering from distractinonia.

Okay, it’s a totally made-up disease, but here’s the truth: Being distracted doesn’t necessarily mean you’re spending hours watching cat videos, playing Halo, or Tweeting about lunch. There are many other forces out there that keep you from being productive without you even realizing it. In fact, a lot of them are work-related.

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Profit Growth article

4 Financial Mistakes Businesses Make and How to Avoid Them

Ask any business owner, and they'll tell you. One of the best ways to gain knowledge and skills is by making big, fat, whopping mistakes. Lessons learned are what make us stronger, smarter and more resilient.

However, there are some goof-ups that do more than teach a lesson. They can kill a business. Luckily, every one of them can be avoided. As Dave teaches in EntreLeadership Master Series, there are several ways to bulletproof your business and find financial peace at the same time. Here are a few of the preventative measures every business owner needs to take.

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Profit Growth article

The 6 Financial Reports That Can Save Your Company

Imagine a device that could easily predict the future of your business. At your fingertips, you would have all the information needed to grow your company like never before. You wouldn’t freak about cash flow, and you would instantly spot potential problems before they got out of control.

If that sounds too good to be true, read on. Because you don’t need a crystal ball to forecast what lies ahead. By learning how to read just a few financial reports, you’ll know where your company is headed. Even better news? You don’t have to be a rocket scientist to understand them. Once you learn the basics, you’ll only need a few hours a month to get a clearer picture. Here are the six financial reports that you need to check each month.

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