On episode 17, “Stuck On $5 Million,” we’re joined by Gene Spittle, CPA, PFS, CGMA, a principal at Rea & Associates with more than 35 years of business consulting experience. Gene talks about three key factors for business stability and continued growth – focus, people, and systems. During their conversation, Gene and Mark analyze the four stages of business growth while analyzing solutions to help business owners overcome some common challenges that prevent their businesses from achieving the growth they want and are capable of achieving. Listen to episode 17 of unsuitable on Rea Radio to learn all this and more.
articles & insight
16 Resolutions For Business Growth In 2016 – New Year’s resolutions aren’t just great ways to set personal goals; they can help keep us on track professionally as well. This year, instead of worrying about which goal you are going to pick from the New Year’s Resolution menu, why not consider committing your energy and resources into ways that will improve the overall health of your business? Might we suggest 16 resolutions to help your company prosper in 2016?
5 Financial Secrets of Successful Business Owners – A 13-week rolling cash flow helps take the stress off business owners when it comes time to make important strategic decisions throughout the year. But in order to get your company back on the right track, you must be ready to change the way you look at your company’s finances. These five financial secrets of successful business owners will get you on the right track.
Don’t Shy Away From Business Debt – You know the satisfaction you feel when all of your debts have been settled and any extra cash flowing into your bank account is purely disposable income. Neither do I. But, contrary to popular belief, if you are a business owner, carrying a little extra debt could be a good thing – and here’s why …
How To Ensure Your Plans Aren’t Bigger Than Your Finances In Times Of Growth – Growth is the goal for many companies — whether you get that growth from adding another location, forming an alliance, adding services, diversifying into other areas or merging with/acquiring another business. But not all growth is good. So, it’s critical that you properly manage it. Read on to learn more.
What Crucial Conversations Are You Not Having? – Do you find yourself playing the whack-a-mole game in your business? You know, you “whack” a problem and think it is gone – and gone for good – but it just keeps popping back up? How do you confront your problems and issues head-on and resolve them once and for all? Read on to find out how you can finally move past issues that have your business stuck in a rut.
Not All Growth Is Good Growth – Production is booming, demand is high and you are humming along at full capacity, so you decide to take on more work. Just about the time you think business couldn’t get better … crash! Read on to find out what went wrong?
5 Best Practices For Taking Your Business To The Next Level – Have your sales and profits remained relatively flat for years? Do you see potential but don’t know how to tap into it? Following these guidelines will help add the structure and forward thinking required to take your business to the next level.
know & grow
Knowing the true value of your business is critical throughout the entire lifespan of your business – not just when you are going through a sale, divorce or partnership change. With this knowledge you will be better equipped to develop a strategy to maximize your company’s value and chart a course to a more prosperous tomorrow.
Check out the business valuation division of Rea & Associates and discover insight that will help you strengthen your existing business strategy, enhance your company’s value and plan for a well-funded future regardless of where you are in your career. While you’re there, check out the Cultivating Your Business blog and sign up to have valuation insight and other prized business advice delivered to your inbox.
review the transcript
Read the full transcript of episode 17: stuck on $5 million.