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The Second Stage

3 Key Characteristics of an Effective Leadership Team

We’re all familiar with the adage, “A team is only as good as its leader.” And it couldn’t ring truer. When it comes right down to it, a leader has the power to either make or break a team. Having solid leadership in place...

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5 Key Tasks Every Small-Business Owner Should Outsource

As any small-business owner knows, it can be easy to get bogged down by dozens of small tasks that end up consuming an entire day. In fact, a recent survey by The Alternative Board revealed that most entrepreneurs spend nearly 70% of their time...

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Current VS. Fixed Assets–What’s the Difference?

To understand your business’s financial stance, it’s imperative to keep track of its assets. Knowing the different types of assets and carefully keeping track of them can increase savings, reduce risk to your business and improve future planning. But differentiating between fixed assets and...

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What the Top 1% of Small Business Owners do to Achieve Sustained Growth

Of the mere 25% of small businesses that survive the first 10 years, just 1-2% experience growth. These abnormally successful businesses are often twice-exceptional. Not only do the ventures outlive the average lifespan of a small business, but the top 1% of small businesses...

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Why Small-Business Owners Should Read More

Accepting that you have a lot to learn is fundamental to achieving sustained small business growth. Ultimately, everybody always has room to improve—and admitting this is not a weakness. But many small-business owners resist the notion that they are not the independent, steel titans...

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Small-Business Owners, Jump Feet First into 2018!

We would like to take this time to thank you for being a member of the Evolution Community, we are truly grateful that you are here with us on this journey! We strive to share content (both original and curated) that supports our purpose...

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2017 Annual Leadership Summit

Each year we host our Leadership Summit and Annual Meeting in support of our growing list of active partner companies and business investors. Held at our headquarters in Cleveland, Ohio, the meetings and workshops allow opportunities for our leadership teams to share best practices, what’s worked...

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Top 3 Podcasts Entrepreneurs Should Be Listening To

Listening to a favorite podcast regularly is almost like having a mentor whispering words of wisdom in your ear all the time. And for the busy entrepreneur, podcasts are an ingenious way to make the commute or lunch hour more productive by lumping continuing...

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Forecasting Growth: 5 Predictive Metrics to Consider

Forecasting may not seem like a high priority to small business owners who are focused on the daily hustle needed to build and upkeep business, but forecasting is important for planning long-term strategy. According to an INSEAD research study, “Correctly recognizing emerging changes in...

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5 Tips for Attracting and Hiring the Right Talent for Your Small Business

When it comes time to hire new employees, most small-business owners are so bogged down with day-to-day business operations that it can be tempting to just push out a job posting and call it a day – but that’s not nearly enough. It’s important...

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What to Expect when Selling Your Small Business to Private Equity

Selling the majority share of your small business to a private equity firm can create growth opportunities that may ultimately increase the value of your business–so much so that the minority share you negotiate for ends up being worth more than the majority share...

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Age-Old Debate: When it comes to sales leads, which is better – Quantity or Quality?

When it comes to sales lead generation, it’s all about numbers. The more the better, right? Not necessarily. To address this age-old debate between quality vs. quantity, we once again reached out to Susan Williamson, a sales operations consultant at Monolith Software, to get...

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The Benefits of Transparency in Business

For a company to exhibit transparency, it must be open and clear with unhindered honesty. Transparency can build a company loyalty and trust among its audiences, both internally and externally. Not only does transparency improve employee relationships, but it also improves relationships with your...

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Ready Your Small Business for a Capital Raise or Sale

As private equity investors, we are buying or selling companies all of the time. It’s because of this role that I have the good fortune of seeing both sides of the raising capital or selling discussion. When having this discussion there are numerous items...

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Questions to Ask When Selecting the Right Business Partner

When looking for a business partner choosing one that fits your corporate culture is vital for the future of your company. Together, both of you will share ownership, contribute to all aspects of the company including money, property, labor and skill, and share in...

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The Power of a Believable Sales Pipeline

A sales pipeline is a tool that tracks prospects as they progress through the stages of your sales process. It should contain information such as: Company name Contact Sales owner Expected sales volume Approximate closing date Win probability Reason(s) for losses A believable sales...

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Preparing Your Business for the Private Equity Exit Process

So much has been written about selling to private equity, but far less has been discussed about when private equity sells and what is done to prepare the management team for that process. However, it is important to note that because all private equity funds...

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The Latest in Cybersecurity: Is Your Small Business Prepared for a Cyberattack?

In recent years, the number of cyberattacks has been increasing at an alarming rate – and small businesses are particularly vulnerable. In fact, 43% of all cyberattacks target small businesses. This is because they are often seen as an easy gateway into larger companies...

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5 Advancements in Technology Helping Small Businesses Compete

With less staff, resources and money compared to large corporations, small businesses have always been the stereotypical underdog. However, thanks to advancements in technology, these small businesses now have the ability to bring their companies up to match the larger competition. From online project...

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How To Set Attainable Goals For Your Small Business

Setting company goals is an important factor to keep your business continuously moving forward. However, the purpose of setting these goals is lost unless you make them realistic and attainable for your team. Attainable goals give your team something manageable to strive for, creating...

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