DG’s vlog: How many different ways does your business find customers?

July 3, 2017

Nike is looking to sell its products on Amazon which will impact the shoe retailers that Nike has relied on for decades. This move comes as a result of the changes in retail that Nike fears could impact its revenue. Stability in any business is based on its ability to generate customers.

YouTube: https://youtu.be/LCBsIgnrJwY

Instagram: https://www.instagram.com/gallagherdylan/

Facebook: http://facebook.com/mlenow

Twitter: http://twitter.com/dylangallagher

LinkedIn: http://linkedin.com/in/gallagherdylan

"music by Joakim Karud https://soundcloud.com/joakimkarud"

Link used in today's vlog:

http://fortune.com/2017/06/21/nike-amazon-possible-partnership/

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DG’s vlog: Do you have a tough call to make today?

July 3, 2017

Tough calls are hard to make. As entrepreneurs and business owners they can be harder to make when they involve us. It takes more courage to make a tough call against yourself then to pretend the decision isn’t necessary. Making a tough call can lead to new opportunities for your employees and customers.

YouTube: https://youtu.be/U_6s03q6VxY

Instagram: https://www.instagram.com/gallagherdylan/

Facebook: http://facebook.com/mlenow

Twitter: http://twitter.com/dylangallagher

LinkedIn: http://linkedin.com/in/gallagherdylan

"music by Corey Gagne Not The King https://soundcloud.com/coreygagne"

Link used in today's vlog:

https://www.bloomberg.com/news/articles/2017-06-22/kalanick-s-ouster-as-uber-ceo-began-with-a-hand-delivered-letter

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DG’s vlog: Features, function or experience?

July 3, 2017

PayPal and Venmo add an instant transfer feature to their service but is it enough to compete against Velle? To win in business you need to provide a customer experience that provides a lot of value. Features and function can add to the experience but are not the ultimate contributors to success – the customer experience is.

YouTube: https://youtu.be/tFouMFW_yzU

Instagram: https://www.instagram.com/gallagherdylan/

Facebook: http://facebook.com/mlenow

Twitter: http://twitter.com/dylangallagher

LinkedIn: http://linkedin.com/in/gallagherdylan

 "music by Dyalla Swain https://soundcloud.com/dyallas"

Links used in today's vlog:

https://techcrunch.com/2017/06/20/instant-bank-transfers-are-coming-to-paypal-and-venmo/

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What would it take to double your revenue?

June 2, 2017

Many entrepreneurs and business owners dream of growing their business and generating massive amounts of profit but few actually achieve this. There are probably thousands of content pieces available to inspire, educate and provide instruction on how to successfully grow your business and yet many businesses fail, hit a peak or never really get traction. The few that do are success cases that prove it can be done but somehow seem to be just out of reach for the every day entrepreneur working away at their dream. Why is this? I believe its because what seems to be a simple question can't be answered and isn't even contemplated of by many individuals running a business.

What would it take to double your revenue?

Does your business need money? Do you need someone to discuss your business challenges and opportunities with? Let's chat.

Blog:

www.dylangallagher.blog

Website:

www.mlenow.ca

Facebook:

www.facebook.com/mlenow

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Where can you find money to grow your business?

May 19, 2017

Growing a business means different things to different people. Some businesses grow unintentionally due to demand for their product or service while others grow intentionally a result of executing on a plan. In either case a business needs money to grow and its not always obvious where the money can be found. There is money available from numerous sources to help you grow your business but you have to understand where to find it and what the trade offs are.

Where will you find money to grow your business? Listen now because you might be surprised by what you discover.

Does your business need money? Do you need someone to discuss your business challenges and opportunities with? Let's chat.

Blog:

www.dylangallagher.blog

Website:

www.mlenow.ca

Facebook:

www.facebook.com/mlenow

 

"music by Joakim Karud https://soundcloud.com/joakimkarud"

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What’s the business goal?

May 4, 2017

"If you don't know where you are going you'll end up some place else" as said by Yogi Berra and used in different variations in almost every business book or self help book. There can be truth in common sayings and any quote or wisdom about getting where you plan to be even if you have no plan is more than half true. It is 100% true. Every business will end up exactly where it plans to be. In the face of no plan a business will do fine during a good market and will be in trouble during bad market. To the extent that a business knows what its goal or destination is, it will be able to grow and survive during good and bad times in the market. For many small and medium sized businesses the "goal" can often be one of survival with no long term hopes or ambition. This is unfortunate because I believe many businesses fail due to their lack of planning and goal setting. My own experience teaches me this as does twenty years of working with entrepreneurs and business owners that have found themselves in need of financial help.

What's the goal for your business? Listen now because you might be surprised by what you discover.

Does your business need money? Do you need someone to discuss your business challenges and opportunities with? Let's chat.

Blog:

www.dylangallagher.blog

Website:

www.mlenow.ca

Facebook:

www.facebook.com/mlenow

 

"music by Joakim Karud https://soundcloud.com/joakimkarud"

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How are you taking #money from your business?

April 28, 2017

They say interest is a silent killer in any business. This is because you don't really notice the impact it has on your profitability until you can look at an accumulated amount over a period a time to see how much of your profit actually goes to interest. It turns out that the money taken out of a business by an entrepreneur or the owners can also be an unnoticeable drain on profitability. Many small and medium sized business owners treat their business finances as an extension of their personal finances instead of treating their business like an investment. What many fail to realize is that without a policy or process around how owners take money from their business they may be doing more harm than good to their bottom line.

How are you taking money from your business? Listen now because you may be surprised to see the impact you are having to your profits and ultimately the value of your business.

Does your business need money? Do you need someone to discuss your business challenges and opportunities with? Let's chat.

Blog:

www.dylangallagher.blog

Website:

www.mlenow.ca

Facebook:

www.facebook.com/mlenow

 

"music by Joakim Karud https://soundcloud.com/joakimkarud"

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Where’s my money?

April 19, 2017

This is a question I encounter many times when reviewing the cash flow and profitability of a business with either the entrepreneur or person running the business. It is usually followed by a very frustrating conversation that involves going through accounting terminology and concepts that are foreign to the person I am speaking with. Once the frustration subsides there is usually some excitement about what can be done with this new found knowledge. While it can be difficult to follow the cash flow and profits of a business the work is worth the effort and can produce improvements in profitability and overall value.

Where is the cash going in your business...specifically? Listen now because you might be surprised by what you discover.

Does your business need money? Do you need someone to discuss your business challenges and opportunities with? Let's chat.

Blog:

www.dylangallagher.blog

Website:

www.mlenow.ca

Facebook:

www.facebook.com/mlenow

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What are pro forma financial statements?

April 11, 2017

What is your balance sheet going to look like next year? The year after? What about three years from now? Do you care? Many times the answers to these questions are: not sure, no idea, don't know and yes I care but I don't have the information to properly answer these questions. It's very typical for a small or medium sized business to not know what their financial statements are projected to look like over the coming year much less the next three years. Many times they will have a budget (that is usually inconsistent with their historical performance) but haven't done the work to take the budget one step further and have it flow into an actual set of pro forma financial statements.

What are pro forma financial statements and why do they matter? Listen now to find out.

Does your business need money? Do you need someone to discuss your business challenges and opportunities with? Let's chat.

Blog:

www.dylangallagher.blog

Website:

www.mlenow.ca

Facebook:

www.facebook.com/mlenow

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Is your business grabbing #EasyMoney?

April 7, 2017

There is no such thing as easy money right? Are you sure? There are really only two ways to grow your revenue: cut costs or sell more. There is a limit to how much more revenue your business can earn by cutting costs whereas selling more is limitless. If you only had time to do one thing in your business it should be focusing on how to sell more. There is no easy way to do that then by figuring out how to sell more to existing clients either directly or indirectly. The more systematic you can make this the more profitable your business will be and ultimately your business will be worth more.

So how do you sell more to existing clients or customers? Listen now to find out.

Does your business need money? Do you need someone to discuss your business challenges and opportunities with? Let's chat.

Blog:

www.dylangallagher.blog

Website:

www.mlenow.ca

Facebook:

www.facebook.com/mlenow

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