GIBSON INSIGHTS
News
Check back regularly to read GAI’s monthly insights to propel your business for success. Lawrence and Bill share tips and best practices GAI has learned throughout the many years of experience in the business brokerage industry. Each month, new ideas will be presented that will help you increase the value of your business.
Evaluating your Financials
Last month, we discussed accelerating the closing of your previous-year financials and taxes. One advantage we cited was the idea of readily knowing where you stand with your business and now being able to make plans for the upcoming year: revenue goals, expense...
Benefits of Closing Financials Early
A new year is a time to focus on the future, leave the past behind and move our businesses forward. However, there can be one area of activity that doesn’t want to let us move forward: closing previous year financial statements and filing taxes. This activity can be...
A Time of Reflection
The joy we feel has little to do with the circumstances of our lives and everything to do with the focus of our lives. - Russell M. Nelson We appreciate all the hard work that you have put in throughout the year to grow your business and reach your goals. This...
Are you a business owner or business operator?
Recently, I learned of a discussion one of my colleagues had with a professional contractor who has only been in business for a couple of years. The company is doing very well - the crews are delivering quality work, and referrals are filling the schedule. Still, the...
What are your employees saying about your Company?
Sales generation is a very important value enhancer for your business. If your company has annual revenue under $10 million, then every employee is a sales representative. To prove this point, the following is a conversation that took place several years ago at my...
Knowing the difference between growing revenue and growing equity value
Knowing the difference between growing revenue and growing equity value is another step to add value to your business. Business owners buy or start a business to grow top-line revenue and subsequent profits. As I talk to business owners that’s their number one...
Building your Brand
Focus on Building your Brand. It is interesting to note that customers are willing to pay more for brands that they know and recognize. The perception is that well-known brands, both products and services, have more value. How do you build and formulate a brand? ...
Are you staying on track during the summer to reach your end of the year goals?
Summer is a challenging time. Trying to maintain a full workforce with employee vacations makes it difficult to work on your plan to add value to your business. However, to make sure your company is on track to reach its goals for 2019, summer can be a great time...
Do you have the Proper Checks and Balances in Place?
As we continue to discuss how to add value to your business, this month we will focus on the financial operations of your Business. Many successful business owners no matter the size of their company, or if they employ a bookkeeper or CFO, retain certain...
Organizational Structure: Are you building muscle within your Company?
In April, we discussed the importance of marketing, sales and customer retention. This month, we will review organizational structure and how some of the best run businesses achieve success in this area. We have noticed that when a company sells and after a brief...
It is Time to put your Plan into Action
In March, we talked about developing a business plan. The next step is to Put your Business Plan into Action. First, meet with your team to implement each component and to emphasize the goals, objectives, and principles of your Company. Consistent team planning...
Do you Know what to Include in your business plan?
Last month, we discussed the need for a business plan. This month, we drill down What is Included in the Business Plan. A complete, thoughtful business plan will provide mechanisms to enhance your management in marketing, operations, finances, long-term growth, and...
Developing a Business Plan
Majority of Business owners are tied up with the daily operations of their Businesses, so they have no time for planning. Developing a Business Plan is a key component in building the value of your Business. A long-term strategic plan will help you stay focused as...
Maintain Quality Financial Information
As you are settling into 2019, now is the perfect time to start thinking about how to add value to your Business. Throughout this year, we will highlight a way to add value to your Business each month. It is crucial to Maintain Quality Financial Information. January...