Blogs about: Business Turnarounds

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The biggest intangible issue interfering with success....ego

Donald Todrin wrote 1 hour ago: Yes friends, this is the big one…ego, where emotion hangs out, fear, anger, self importance, d … more »

Tags: building profitable business orgs., Business Development, business workouts, debt workouts, solving difficult business problems, Start Ups, Bad Decisions, business analysis, Decision Making

We are not experiencing a cycle. Business, as we know it, is changing...will you survive? Two approaches to prepare.4 comments

Donald Todrin wrote 1 day ago: Please understand we are not experiencing a cycle which will correct itself this year, next year, in … more »

Tags: building profitable business orgs., Business Development, business workouts, solving difficult business problems, Start Ups, Adjustments, change, Cycle, Economy

If you are considering borrowing from friends or family...don't...but if you must, here is how to do it.

Donald Todrin wrote 3 days ago: This may come as a shock to you but in my experience over many years and many similar situations, fr … more »

Tags: building profitable business orgs., Business Development, business workouts, debt workouts, solving difficult business problems, Start Ups, tax issue resolution, adequate protection, Borrowing

Don't hire until you see the whites of their eyes and fire as soon as necessary.

Donald Todrin wrote 4 days ago: The famous quote uttered at the battle of Bunker Hill, when the revolutionaries where greatly out nu … more »

Tags: Business Development, Start Ups, building profitable business orgs., solving difficult business problems, Employees, Management, Productivity, overhead, firing

The dangers of growing too fast. Some issues you may have to deal with.

Donald Todrin wrote 1 week ago: Yes I know it sounds silly, a problem we should all suffer from, you think, too rapid growth, we say … more »

Tags: business workouts, Business Development, Start Ups, debt workouts, building profitable business orgs., solving difficult business problems, Profit, Finance, cash flow

Please, do not forget to celebrate the victories, large and small.

Donald Todrin wrote 2 weeks ago: We all spend an enormous amount of time on our business issues, our challenges, our problems, our f … more »

Tags: building profitable business orgs., Business Development, Start Ups, appreciate, appreciate success, appreciative, Business Issues, celebrate achievement, celebrate success

To increase sales, don't lower your price, increase the perceived value.

Donald Todrin wrote 2 weeks ago: Its unfortunately true and seldom works as planned, but lowering the price to increase sales is a fr … more »

Tags: building profitable business orgs., Business Development, Start Ups, Cost Savings, don't lower the price, free add ons, Guaranty, increase sales, more expensive

How to design an effective commission rate.

Donald Todrin wrote 3 weeks ago: It is a huge stumbling block for many business owners, how to determine what the right commission ra … more »

Tags: building profitable business orgs., Business Development, solving difficult business problems, Start Ups, base pay, commission rate, design a commission rate, greater productivity, higher sales

Its Fathers Day and I report again. My family is run as a flat organization and it works. Perhaps your business should be flat also.

Donald Todrin wrote 1 month ago: Last Fathers Day I commented in this blog about the three living generations that my family enjoys … more »

Tags: building profitable business orgs., Business Development, solving difficult business problems, Start Ups, Board of Directors, Decision Making, FATHERS DAY, flat organization, leading by action

Every small business owner needs a board of directors, or at the very least a mentor, a business consultant, someone to "do it" with.

Donald Todrin wrote 1 month ago: Every business owner needs a Board of Directors. Its a fact. First, we do much better when encourage … more »

Tags: Start Ups, building profitable business orgs., solving difficult business problems, Board of Directors, coach, Mentor, Consultant, Checks and Balances, prevents mistakes

Inspirational quotes from business leaders who have been there and have done it.

Donald Todrin wrote 1 month ago: Inspirational quotes from business leaders who have been there and have done it… we can all … more »

Tags: building profitable business orgs., Business Development, business workouts, debt workouts, solving difficult business problems, Start Ups, Add new tag, Business Leaders, Inspirational Quotes

Stop pretending, avoiding reality and fooling yourself... get real face the facts and make the tough business decisions.

Donald Todrin wrote 1 month ago: I interview many business owners wanting help or at least wanting to discuss it, mostly because they … more »

Tags: business workouts, Business Development, debt workouts, solving difficult business problems, asset value, new strategies, Accounts Receivable, change, Receivables

A free detailed guide on how to write an excellent business plan

Donald Todrin wrote 1 month ago: I have come across a most excellent resource, a  free detailed guide on how to draft an effective b … more »

Tags: building profitable business orgs., Business Development, Start Ups, Business Plan, drafting an effective business plan, free detailed guide, guide to writing a business plan

Find a market niche, exploit it and it becomes your competitive advantage.

Donald Todrin wrote 1 month ago: Here is a perfect example. I have a client who performs powder coating on metal…heat baked pai … more »

Tags: Business Development, Start Ups, building profitable business orgs., solving difficult business problems, Competitive advantage, niche, Price competition, specialty, specialization

Customer service can be effectively trained and delivered.

Donald Todrin wrote 1 month ago: I bank at Citizens Bank Foe Savings in the Hadley, Massachusetts office for a few reasons. First Cit … more »

Tags: building profitable business orgs., Business Development, Start Ups, convenience, Corporate Culture, Customer Service, Growth and Development, happy satisfied customers, loyalty

In times of drastic change, opportunity abounds...for those who see it.1 comment

Donald Todrin wrote 2 months ago: As the economy and its various commercial market places correct themselves, adjusting for the unpr … more »

Tags: Business Development, Start Ups, building profitable business orgs., solving difficult business problems, What Works, What doesn't work, Competitive advantage, change, market corrects itself

No means yes...just not now. How many rejections until a sale is made?

Donald Todrin wrote 2 months ago: I have stated in other blog entry’s that in business “no” means “yes”, … more »

Tags: building profitable business orgs., Business Development, solving difficult business problems, Start Ups, 8 rejections before a yes, ask for the sale, close immediately, creating relationships, eventual yes

Equity sharing as a way to provide incentives for managers to reach goals.

Donald Todrin wrote 2 months ago: Recently I have been working with an auto body repair shop. The problem is lack of profitability des … more »

Tags: Business Development, building profitable business orgs., Accountability, increase productivity, Standards, reach goals, equity sharing, lack of profitability, unmotivated

What ever happened to personal standards and how does this affect your business?

Donald Todrin wrote 3 months ago: What ever happened to our personal standards, you know the value of our word, for example? It seems … more »

Tags: building profitable business orgs., Business Development, business workouts, debt workouts, solving difficult business problems, Start Ups, Being late, breach of commitment, breach of ones word


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