Profitability | Magnetic Business Solutions

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...

The Myth of an Overnight Succe...

You’ve seen it before. Someone becomes an overnight success by winning a talent show, or breaking a new world record in sports, or...

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...

The Effects of Minimum Wage La...

Your Opinion is Appreciated A few years back, I witnessed a restaurant owner being interviewed on TV advocating an increase in minimum...

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,...

Take Your Business from Passio...

How does a business go from being an exciting idea to producing a great income for the entrepreneur? Or go from a decent income with...

Trade Shows – Profit or ...

Let’s face it. Trade shows cause pain. Where else would you willingly stand for hours on end on a concrete floor? And, force...

Boot Camp for Business Owners

When you get caught up in the daily life of running a business, it’s easy to miss the forest for the trees. Not that you have a...

If Your Only Tool is a Hammer…...

If your only tool is a hammer, is it any surprise that every problem is treated like a nail? That’s the essential dilemma that small...

Golden Sales Leads From Your D...

Many sales people consider former clients as dead-end opportunities, assuming that they are angry or dissatisfied in some way and are...

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