Million Dollar Year Blog

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...

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...

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,...

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,...

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...

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...

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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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...

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...

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,...