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The Wealthy EntrepreneurĀ Blog

"Successful entrepreneurs are not satisfied with status quo. They are constantly looking for new opportunities to improve their current situationĀ and increase their impact."Ā 
Robert Gauvreau

Market Share vs. Addressable Market

Imagine you’re a farmer and you’ve been tending to your crops all year. It’s  harvest season and finally time to collect the spoils of your labor.  

You start...

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How Your Greatest Strength Becomes Your Weakness

What’s your greatest strength as a CEO? 

Sales? 

Marketing? 

Operations? 

Whatever you do well, know that it might become your Achilles’ heel. As owners, we tend...

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How to Avoid the Switzerland Valuation Discount

The Swiss are known to value their independence. They don’t use the Euro currency despite  being sandwiched between France and Germany, and they never officially picked sides in...

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How To Avoid Disappointment When It's Time To Cash Out

How do you avoid not being disappointed with the money you make from the sale of  your company? 

Perhaps you’ve heard that companies like yours trade using an industry rule of thumb...

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How much goodwill do you have in your business?

The term “goodwill” is often thrown around in conversation as though it is a  subjective description of how much your customers like your business.  

In fact, when it...

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Exiting Tips From One Of The Top 40 Under 40

Wind Mobile founder Anthony Lacavera has started 12 businesses, six of which  he has exited. His exits have ranged in value from the $6 million he got for one of his recent start-ups to $1.3...

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Creating Sticky Customers

Repeat customers are the lifeblood of your business, but customers can be fickle. Here's how to make them sticky. 

In a traditional business, the customer buys your product or service once,...

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Being Stingy With Your Equity

It can be tempting to offer shares in your company to finance its growth. These days, there are plenty of investors chasing promising new companies and, in today’s tight  labour market,...

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5 Ways To Get Your Business To Run Without You

Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it your primary goal to set up your  business so that it can thrive and...

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5 Reasons Why Your Business Is Too Dependent On You

If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at  the top of an organizational chart, or stuck in the middle of your...

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