Identifying Key Value Drivers

Posted by Iron Wheel Solutions on Jan 23, 2019 12:40:00 PM



Any business is a constantly evolving web of incomes and expenses — it can be hard to keep track. But which ones are the most important? Identifying your key value drivers — the factors that make the biggest difference in the performance of your specific business — is critical to boosting your profitability.

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Topics: Business Tips, Revenue, CEO

New Year's Resolutions for Your Business

Posted by Iron Wheel Solutions on Jan 16, 2019 6:42:13 PM



You made it through another year! That’s no small feat, especially if you’re running a new or small business — up to 50% of small businesses fail in their first five years of business. For you to be on the right side of that coin flip, you must be doing something right.

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Topics: Business Tips, Insider

How Millennials Are Changing The Definition Of Leadership

Posted by Iron Wheel Solutions on Jan 14, 2019 2:20:00 PM



Millennials are now past college age, and they’re quickly becoming the biggest slice of America’s workforce. That includes leadership roles — by 2030, the last of the Baby Boomers will have reached the retirement age of 65, and millennials are entering leadership roles to replace them faster than previous generations did before them.

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Topics: Leadership, Millennials

The Greatest Wealth Transfer In History Is Coming — But It's Not That Simple

Posted by Iron Wheel Solutions on Jan 7, 2019 2:08:07 PM



The idea is that baby boomers, who hold more wealth than any generation before them, are aging. Relatively soon, they’ll pass their wealth down to their heirs, whether through business deals, inheritances, or other means.

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Topics: Insider

8 Business Trends and Predictions for 2019

Posted by Iron Wheel Solutions on Dec 17, 2018 1:15:00 PM



The year is almost over. As always, we like to take the time to reflect back on how our year went — the peaks and valleys, the victories and pitfalls. But there’s no use looking back at the past unless you can use your experience to learn for the future, so as the current year closes, we’re looking forward, too. Here are a few key ideas we think will be especially important in the new year.

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Topics: Business Tips, Q4 questions to ask yourself, Insider

Business Owners: This is How You Take A Vacation

Posted by Iron Wheel Solutions on Nov 28, 2018 9:30:00 AM



You need a vacation. Everyone does — working too much or too hard can lead to stress, burnout, even serious health problems. Once in a while, you need to stop working and get away.


But you’re a business owner! How can you possibly take a vacation when the whole business revolves around you? You need to be making decisions and advising your managers and staff on a daily basis or the whole thing falls apart!


Well, maybe that’s the problem. Here’s how to take a vacation as a business owner.

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Topics: Business Tips, Q4 questions to ask yourself, Q4 Business Tips

How Your Business Is Like Thanksgiving Dinner

Posted by Iron Wheel Solutions on Nov 13, 2018 5:33:23 PM



Thanksgiving dinner is a substantial undertaking. It requires lots of people working together on a variety of jobs, some big and some small, making sure everything is timed properly to meet deadlines, otherwise one person gets stuck with all the work and feels completely overwhelmed.


Sound familiar?


The truth is, running a business and cooking a huge meal aren’t so different, at least in principle. Both of them require juggling priorities, planning ahead, organizing your workflows, and delegating smaller tasks. But the lessons you can take from Thanksgiving dinner don’t stop there.

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Topics: Business Tips, Thanksgiving Dinner

Your Business Partnership Needs Work

Posted by Iron Wheel Solutions on Nov 8, 2018 12:17:17 PM



Starting a business on your own — much less running one — is hard work. You’ll find yourself stretched pretty thin, and that’s a fast lane to stress, poor health, and burnout. That’s why many entrepreneurs choose to bring on a partner to help them out.


A partner helps in a lot of ways — they bring their own set of skills, their own contacts, their own unique perspective, and, yes, their own funding. More importantly, they can take some of the pressure off of you and shoulder some of the responsibilities that are weighing you down — provided you trust each other, that is.


A good business partnership is all about trust. You and your partner need to have absolute confidence in each other’s ability to handle your own responsibilities — if you feel like you have to keep an eye on your partner all the time, you might as well be carrying the whole workload yourself. Here are a few tips to make sure your business partnership runs smoothly.

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Topics: Business Tips, Business Partnership

4 Questions To Ask Yourself In Q4

Posted by Iron Wheel Solutions on Oct 25, 2018 1:38:20 PM



The year has flown by, like it always seems to, and Q4 is upon us. You’ve got three months before the end of the year to make sure everything is in order, and some of the biggest sales days of the year are coming up. Here’s what you need to be thinking about before the new year rolls around.

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Topics: Business Tips, Q4 Business Tips, Q4 questions to ask yourself

5 Things To Do If You’re In A Revenue Rut

Posted by Iron Wheel Solutions on Oct 17, 2018 1:29:29 PM



Companies often experience substantial growth when they launch, or when they introduce a product. You fill a niche in the market that customers had been craving, and your sales climb steadily as purchases flood in. Then suddenly, the growth stops.


In most cases, this isn’t a dramatic boom and bust. Businesses rarely go out of business overnight. Instead, revenue simply flattens. You’re not losing ground, but you’re not taking in any new customers either. For some reason, you’re stuck.


So how do you get out of it? Whether revenue plateaued because of internal reasons or something in the market, here are five approaches you can take to break out of your rut.

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Topics: Revenue