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Archive for the ‘Brad Sugars' Blogs’ Category

Making Money by Building and Selling a Business

BACK WHEN I WAS SEVEN, my parents took me to the house of a friend of theirs for a barbecue. I knew him, he was our milkman, but what I didn’t know was that I was about to get the best business lesson of my life from the Milkman.

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Two Important Words for Your Business- Part 2

So what’s the second word?

Accountability

Let’s say you do find a mentor or hire a consultant. Chances are, a good mentor will guide you, while a consultant will do some specific, task-oriented work for you and leave.

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Two Important Words for Your Business- Part 1

CHANCES ARE THAT you went into business for freedom and lifestyle. Those are what I call the “positive” reasons for getting into business for yourself, as opposed to the “I just got laid-off and need to hire myself because no one else will at this point” reason.

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Developing Your Niche- Part 2

In this article we continue to look at developing your niche. So what’s your best-selling product… and what’s the profit margin on that product?

Do you have a “best-seller”? Do you know what it is? What is the margin on that product? Don’t know?

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Developing Your Niche- Part 1

ONE OF THE BEST ways to make your “small” business big is to make sure you have healthy profit margins, and that you have identified a niche in the market. Once you identify that niche, it’s your job to dominate it.

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7 Questions to Ask about Business Coaching

I’m often asked how a business mentor or a Business Coach can help a struggling business succeed or make a successful business better.

In my mind, the main value of having a mentor or a coach is in having someone beside you who knows the “ins and outs” of business, and more importantly, knows how to grow profits consistently versus simply cutting expenses as a way to get more money into your pocket.

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Pricing Mistakes … and How to Fix Them

Pricing is a challenge in any business.

Especially if you are in a very competitive business, pricing is always an issue.

If the price is too high, you give away business to a competitor.

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How to Look at the Business Cycle in a New Way

No matter where you live in the world right now, the seasons are on the verge of changing. And, just like the seasons, the business cycle is changing as well.

Although the U.S. continues to work its way out of its “economic winter,” parts of the Asia Pacific are in full fledged “economic summer.”

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The Secret to Better Communication in Your Organization

As a small-to-medium sized company grows, it becomes harder to effectively communicate across the organization. Whether within or between departments communications must be optimized for organizations to execute at their peak. The key is to recognize each employee’s preferred style of information exchange.

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How to Build a Values-Based Business

Can you afford to build your business on your own set of personal values? Maybe a better question would be, “Can you afford not to?”

When I first started in business, I adopted a personal credo for how I would approach business. In my current company, we use our “14 Points of Culture” as our guiding principles for how we interact with our customers, and with each other in our teams.

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