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Money Makes the World Go Round
Businesses exist to make
money -
regardless of an
owner or CEO's motivation. If the business does not
drive sufficient revenue, it will fail. In today's
economy, the importance of managing profit margins
has never been more important. Review your pricing
to ensure that you are managing your business for
optimal results. Here are some tips for maximizing
both gross and net profit margins.
- Develop A Sales Plan
- Forecast Your Business!
- Develop a Marketing Plan
- Build Your Salesforce
- Focus on Gross Margins
- Reduce Direct Labor
- Review Your Suppliers
- Examine Expenditures
- Set Written Goals
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Greetings!
Our mission is to provide small
and mid-size businesses with the needed focus and
expertise, coupled with hands-on advice to grow
your business. To take your business to the next
level, call Mark Hartsell, MBA, President at (949)
759-8676 or visit us at
www.CEOAdvisor.com.
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| Choosing a Business Advisor |
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Choosing a business advisor can be one of
the
most
crucial decisions of your business career. As an
entreprenuer or CEO, hiring an expert can be one of
the
most efficient ways to turbo-charge your business.
How do you know which expert has the right
combination of smarts, skills, experience and
personality to move your company in the right
direction? To help you choose the right expert for
you, here are 7 prudent tips:
- Pay attention to the advisor's commentary after
you've stated your vision. Do you feel understood or
do you need to keep explaining?
- Assess whether the expert has a deep knowledge
of Finance and Accounting - this is critical to your
success.
- Observe if the advisor incorporates your thoughts
and ideas into the conversation. Do you feel a sense
of collaboration?
- Assess if the expert understands your needs and
provides a fair, workable fee structure.
- Get an understanding of the expert's Sales and
Marketing knowledge. Has the advisor built and
grown their own business?
- Agree on a mutually acceptable time-frame.
Establish
timelines to get started and how long it will take to
begin seeing results. Make sure results are
measurable.
- Trust your instincts. Your 'gut feeling' should be
telling you that you and the advisor are on the same
page.
Visit our site at
www.CEOAdvisor.com for more information, or
call Mark
Hartsell at (949) 759-8676 for a free consultation.
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| Words of Wisdom |
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"Forget about the consequences of failure. Failure is
only a temporary change in direction to set you
straight for your next success."
- Dennis Waitley
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| CEO Advisor, Inc. - Member of Accredited Organizations |
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- Tech Coast Venture Network
- Technology Council
- Irvine Chamber of Commerce
- Newport Beach Chamber of Commerce
- Institute for Independent Business
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