Do Your Customers Really Care?
The video, hosted by Dave Wilkins from Wolverine Business Solutions, focuses on the importance of building a “moat” around a business, a concept often used by Warren Buffett to describe a company’s competitive advantage or barrier to entry in the market. Wilkins emphasizes that having a deep and wide competitive moat is crucial for long-term […]
How Strong is Your Core?
As a business owner, it’s important to define and manage all the business functions that need to be performed for your business to be successful. These functions can be divided into two categories: core functions and non-core functions. Core functions are those that are essential to your business and cannot be outsourced. Non-core functions are […]
Where Did the Cash Go?
Cash flow and income are two important financial metrics for businesses. Cash flow measures the actual amount of money flowing into and out of a business, while income measures the profits that a business generates after all expenses have been deducted. The difference between cash flow and income can be significant, especially for businesses that […]
ROI: Under Appreciated and Under Used Measure?
Return on investment (ROI) is a simple but powerful measure of the effectiveness of your business decisions. It tells you how much value you are getting for your investment of time, money, and effort. In this blog post, we will discuss the importance of ROI and provide some tips on how to improve your ROI. […]
The Why Behind Wolverine Business Solutions
In this video, David lets us in on a well-kept secret: accounting was never meant to provide you value as a business owner.
Time to Review 2022
The beginning of the year is a great time to review many aspects of your business to find opportunities for growth and avoid unpleasant surprises. Here are 6 areas to review and plan for: Website and social media presence: Does your website and social media presence need refreshing? When was the last time you updated your […]
Business Value: The Best Measure of Success
Business value is the worth of a business, calculated as the present value of all future cash flows. It is an important measure for businesses because it can be used to assess the company’s financial health, make strategic decisions, and attract investors. There are two main types of business value: monetary value and non-monetary value. […]
Is Your Organizational Structure Helping or Hurting Your Business?
As your business grows, it’s important to organize your business functions for efficiency. There are many factors to consider, such as the number of people reporting to each manager, the number of layers between entry-level workers and top management, and the importance of employees having specialized skills. The best organizational structure for your business will […]
Dealing with Problems and Opportunities
In business, we all face problems and opportunities. How we address them can be the key to our success. When a problem arises, it’s essential to remain calm and level-headed, identifying the root cause and developing a plan to resolve it. This may involve researching the market, consulting with experts, or bringing in a consultant. […]
2022: Are You Ready for the New Year?
Annual planning is one of the most important things that businesses can do to improve their performance. A well-crafted annual plan can help businesses to set clear goals and objectives, allocate resources effectively, track progress and make adjustments as needed, stay ahead of the competition, and achieve their long-term goals. If you want to improve […]
