If you’re looking to buy or sell a business, hiring the right business broker is one of the most important decisions you’ll make. The broker you choose will guide you through every stage of the process, from valuation and listing to marketing, negotiations and closing. Picking the wrong broker can derail a deal and cost […]
How Business Brokers Can Help Sell Your Company
Let’s be honest – selling your business probably feels like a total minefield. You’ve put blood, sweat and tears into building your company. Now you want to sell it for a nice profit and retire in style. But where do you even start? How do you value your company? How do you find buyers? And […]
Tips for Fostering Long-Term, Valuable Relationships with Providers
As a business owner or manager, one of the most important things you can do is build strong, lasting relationships with your service providers, vendors, agencies, and other suppliers. The companies you choose to work with have a huge impact on your operations, costs, quality, and ultimately your success. Therefore, you want to foster positive, […]
Measuring and Evaluating Provider Performance Over Time
Let’s face it – keeping tabs on how your providers are performing over the long-term is tricky but super important. As a healthcare organization, you want to deliver the best possible care and experience for your patients. But how do you really know if your providers are improving, getting worse, or just staying average without […]
Avoiding Pitfalls when Transitioning Between Service Providers
Switching service providers can be a major headache if not handled carefully. I learned this lesson the hard way when my small business changed web hosting companies last year. In an effort to save money, we cancelled our existing web host before fully migrating to the new provider. For nearly a week, our website was […]
Proven Tips for Giving Productive Performance Feedback
Providing clear, constructive feedback to your team is one of the most important responsibilities you have as a manager. Performance reviews give you a formal opportunity to provide feedback that will help your employees continuously improve and develop their skills. However, giving feedback that is both constructive and inspiring is easier said than done. Negative […]
Promoting Open Communication for Better Client-Provider Relationships
The relationship between a client and service provider is super important for success in a lot of industries. Whether it’s a patient and doctor, customer and vendor, or student and tutor, this partnership can majorly impact how happy both people are with the outcome. When clients and providers keep an open line of communication, are […]
Finding the Ideal Service Provider for Your Project or Needs
Selecting the right service provider for your specific project or business needs is one of the most important decisions you can make. The service provider you choose will have a major impact on your budget, timelines, and ultimately the success or failure of your project. Taking the time to thoroughly research and evaluate potential providers […]
When It’s Time to Part Ways with a Service Provider
We’ve all been there. Stuck in a relationship that’s run its course. The same thing can happen with service providers. Maybe they helped get your business going but now you’ve outgrown them. Or perhaps their priorities have shifted and they’re not bringing fresh ideas anymore. There comes a point when it’s best to move on […]
How to Get Maximum Value from Your Provider Relationships
Let’s be honest – partnerships with key vendors or providers are make-or-break for most businesses. But too often, companies just coast along in these relationships without really maximizing their potential. Sure, you selected partners strategically. You formalized agreements. You set up regular check-ins. On the surface, everything looks good to go. But are you truly […]