Unless you are a lifestyle business, you want to scale – a little or exponentially. Many business owners do not know they need to put systems in place to have repetitive sales, retention of employees and tracking their billing. Why do you need to have a system, and not just any system, but a process-driven one? A step-by-step system allows
What does success mean to you? Does it involve money? Job title? How well you marry? The car you drive? Just keeping your business afloat another year? To whom do you compare your success to know whether or not you’re successful? To your current peers? To your family members? People with whom you went to school? I define success based
What the company does? Sandi Webster LLC coaches small business owners to form advisory boards that help scale their businesses with a focus on increasing EBITDA towards a successful exit. Business owners learn the difference between a board of directors and an advisory board through an online course or one-on-one coaching. The Current Landscape In the current pandemic business landscape,
In 2009, my business partner and I wrote our book because we were on the speaking circuit as successful business owners. We got asked the same questions all the time, and frankly, it became boring as our responses became canned. It was an Uh Ah moment for us. Many business owners were becoming authors for this reason – it’s a
When you are a black person and reach the age where you can go shopping by yourself or with friends, there is a laundry list of things you need to consider. Black mothers tell their children the following: Do not bring too large a pocketbook so that security guards don’t think you can put clothes in it. Do not go
Speaking about finances is a topic that strikes fear and apprehensiveness in many people – whether they are business partners, personal relationship partners, employees, or friends – because noone wants to have these discussions when they are doing well (in case someone wants to borrow money) and especially not when they are doing poorly (in case they want to borrow
An operating agreement is a key document used by LLCs because it outlines the business’ financial and functional decisions including rules, regulations, and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners. + If a company is a multi-member LLC, the operating
What the company does? Sandi Webster LLC coaches small business owners to form advisory boards that help scale their businesses with a focus on increasing EBITDA towards a successful exit. Business owners learn the difference between a board of directors and an advisory board through an online course or one-on-one coaching. The Current Landscape In the current pandemic
I’ve taken many leadership profiles over the years in the workforce, so I have a good idea of where my leadership style should fall in my current roles as Mentor Chair and Vice President of Public Relations in Omni Toastmasters. Still, I was curious to see the results of this recent assessment. I was pleasantly unsurprised. I’m sharing my leadership
Sales skills consistently rank among the essential skills small business owners should cultivate. Many of us entrepreneurs started our companies because we were the ones with the expertise, not because we knew how to run a business. Most of us did not come from a sales background, even though we worked in corporations, so we don’t realize the amount of
