Posts by Mike Hill

Setting up an annual plan for your business is especially important. For most companies, that process begins in August. Here is a typical schedule: August – Begin with a simple leadership survey on performance YTD. Next, have your accounting team prepare a financial forecast based on historical trends. Then work with Leadership and/or the Board…

From the outset, let me be clear: don’t compromise quality for speed! In a rapidly growing economy with a tight labor market, you’d be surprised that the risk of business failure can go up. Why? Everyone wants rapid growth, but it comes with real risks and here’s why. With rapid growth we often make compromises…

We all want to make more money and work less, right? The problem is, we often get so busy running our business we don’t have time to make the changes required to make more and work less. Here are a few quick tips to make more and work less: Reduce Billing Costs – Have you…

You want to improve your business, but consulting is expensive, right? Not really. At Trenton we use a process we describe as self-funded transformation. That simply means that almost all of our projects have a return on your investment of 2 times to 20 times. In other words, you make more money than you spend!…

I am willing to bet you have a family member or friend who left a business to an unprepared spouse. This is often the reason that only 30% of family businesses make it to a third generation. Let’s begin with a few basic facts: 62% of Americans say they have life insurance, but only 45%…