Profitability | Magnetic Business Solutions

Client Feedback – Advice You C...

Clients are the bread and butter of any business, and pleasing them is the most important thing you can do on a day-to-day basis. But...

How to Keep Your Top Talent

Employee turnover can be expensive, in terms of time and money. Direct costs of advertising, interviewing, and training are only the...

3 Magic Questions to Revive Pa...

Is There Gold Lying Dormant in Your Database? It’s easy sometimes to consider former clients to be dead-end opportunities,...

Is Competition Helping or Hurt...

As consumers, we love competition. All those great companies out there competing for our business by offering better quality, more...

Avoid Inventory Shortages Duri...

One of the biggest challenges for companies in an uncertain economy is the ability to finance inventory. Let’s face it, right now...

Are You Leaving Money on the T...

I’ve learned the hard way what works and what doesn’t in sales. Once in a while, I luck onto a process, a mindset, a bit of...

It’s Up To Us (To Plan Ahead)...

The other day, as I was preparing to head out to the KVR trail for a stress-relieving hike, I saw a neighbour fiddling with something...

Credibility: The Sustainabilit...

It can be hard work building credibility as an entrepreneur. And sometimes it can be lost in an instant with poor judgement. Just...

Be Different Or Be … For...

Your Unique Marketing Strategy is about how you are different and how you can use that difference to be completely unique and succeed...

Avoid Inventory Shortages Duri...

One of the biggest challenges for companies in a slow economy is the ability to finance inventory. The danger in under-stocking,...

Financing Business Growth

It may be counter-intuitive, but as your business grows, you will need more money to finance that growth. Some of it will be cash...

Thinking of Selling Your Busin...

Part of your vision for your business is likely that you will sell it at some point in the future. Rather than hoping and praying that...

Are You Selling Hours or Solut...

I do a lot of business networking and I’ve noticed how common it is for entrepreneurs to price their services by the hour. If...

Succession Planning: What is ...

So you’d like to sell your business for $5 million in about five years. That’s great! At least you have a target to shoot for. The...

December: A Month to Be Rememb...

December is upon us and it’s often the month where productivity drops a bit, unless, of course, you are in the retail business. It...

Wheel of Success Referrals-Bas...

Magnetic Business Solutions (MBS) is the name I’ve chosen for my company because all of us as entrepreneurs have to pay attention to...

Expand Your Profit Margins Thr...

My son, Dave, is on a frugality mission. He has challenged himself to live on the income that a person at the official poverty level...

Cost-Benefit Analysis: Who Nee...

It is natural to analyze the cost and benefits of most decisions in a day, at least mentally. When we decide what to have for lunch,...

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