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Million Dollar Year Blog

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

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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5 Lessons From Home Depot’s Acquisition of Blinds.com

Jay Steinfeld built Blinds.com into a $100 million e-tailer before selling out to Home  Depot. Here are five things that made it a spectacular exit. 

Win The Make vs. Buy Battle 

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4 Reasons Why It’s Better to Own a Big Chunk of a Small Company

Is it better to own a big chunk of a small business or a minority stake in a big company? 

It’s one of the fundamental questions all owners must wrestle with. Owning a relatively small...

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3 Surprising Reasons To Offer A Subscription

You can now buy a subscription for everything from dog treats to razor blades. Music subscription services are booming as our appetite to buy tracks is replaced by our  willingness to rent...

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How to Create a Recurring Revenue Model That Appeals to Customers

Have you struggled to identify a recurring revenue model that will work in your  business? 

If so, you’re not alone. 

Most owners understand the benefits of recurring revenue,...

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