Strategies to Help Your Business Thrive

Salaries vs. dividends
6 things to consider when deciding how to pay yourself
As a business owner, you may have wondered about the differences between paying yourself via dividends versus drawing a salary, and how this may affect your tax burden.  Assuming your business is incorporated, you have the flexibility to pay yourself via dividends, drawing a salary, or a combination of both.  But the question becomes: which...
hand on calculator and papers on desk
6 key budgeting tips for a successful business
The difference between a company that succeeds and one that fails is often cash management. Businesses typically take on debt and it is important that you have cash flow projections to provide comfort that the debt can be repaid in a timely fashion.  Having too little cash flow means you may be unable to deal...
Leadership Development
Leadership is essential in any business or organization if you want to succeed. In the below video, we explore a snapshot of the importance of leadership. You will learn about leadership areas of focus, managing versus leading and the leadership styles and when to apply each. Please get in touch with us if you would...
Business Problem Solving
In the next video of our strategic solutions series, Virtus Partner, Marc Hoffort will go through an easy to understand four step approach to problem solving using some of the tools and the framework that we’ve previously gone over. Whether you plan on utilizing as part of your longer-term strategic planning process or on an...
Strategy in Volatile Times
Explore a Strategic Planning model and other best practices to apply to your business in these challenging times. Take another look at your Sustainable Competitive Advantage, try a blank canvas exercise and use a decision matrix to overcome indecisiveness. Use these strategies and other tools to come out ahead. Get in touch with us for...
Take a Proactive Approach to Change Management
Change can be difficult and uncomfortable, but it is necessary. By using a Change Success Model you can better diagnose and manage challenges before initiating change to ensure the best chance of success. In the below video, watch Virtus Group Partner, Craig Reed explore tools to help execute a successful change, learn about three factors for...
Achieve a sustainable competitive edge
This presentation explores tools business owners can apply to achieve and sustain a competitive edge. It lays out a competitive analysis to shed light on areas of growth and strategic priorities to reach or surpass the competition. Following the competitive analysis, we delve into a sustainable competitive advantage tool – once you are on top...
Product Services Strategy
This video provides information to help business leaders take a fresh look at their products and services. Take a look at your products and services through the lens of Product Surround, examine four ways to grow your business and perform a strategic SWOT analysis to assist in determining the areas that may need to be...
Best Practices for Improving Sales Processes
The below video discusses best practices for improving Sales Process. We consider gaps that have previously existed or may have arose during the pandemic in 2020. By keeping what works well and addressing gaps in best practices you can implement a new hybrid sales process for 2023. We can help you with Sales Process or any other...
Survive, Pivot and Adapt, then Thrive
In the below video you will learn about effective tools to help guide business owners through this crisis including a survive checklist, a waste audit to identify areas for potential cost savings, a pivot/adapt checklist, a competitor analysis to pinpoint areas of strength/weakness for further development or improvements, a COVID-19/PESTEL checklist (political, economic, social, technological, environmental and legal factors) to examine all the...