The Wealthy Entrepreneur Blog
"Successful entrepreneurs are not satisfied with status quo. They are constantly looking for new opportunities to improve their current situation and increase their impact."Â
Robert Gauvreau
Have you ever wondered what determines the value of your business? Â
Perhaps you’ve heard an industry rule of thumb and assumed that your company will be worth about the same as a similar size compa...
Much is made of analyzing the personality traits of successful entrepreneurs.Â
Some appear outgoing. Others are introverts. Some lean right, others left. Some are flashy. Others are monk-like with t...
When was the last time you calculated the percentage of your net worth tied to your company’s value?Â
When you started your business, its value was probably negligible. Unless you purchased or inhe...
If your goal is to grow your business fast, you need a positive cash flow cycle or the  ability to raise money at a feverish pace. Anything less and you will quickly grow  yourself out of business.Â
...
How many people can one person manage? Â
Harvard Business Review estimates the ideal range for an experienced manager is between five and nine direct reports. Inc. pegs the sweet spot at seven. Â
Th...
Survey a group of founders about the personality traits that made them successful, and they will be quick to use words like determination, sacrifice, and hard work. Others will show more humility an...
No matter how well your company is doing right now, you always need to turn one eye toward the future.
You’re a business owner.
That means you’ve probably got a good grasp of your current financial ...
You want to keep all departments in your company accountable to your overall goals and mission. Find out how you can do just that.
Your company has goals and a mission.
It also has people who need t...
What types of taxes will you pay when you sell your business? And when should you file for a family trust? Find out the answers to these essential questions.
Trusts and taxes.
Those two words can se...
Your financial model and team can help you scale or plateau your business. Find out how to manage these two elements in your organization.
How often have you wondered what you could do to really star...
