January 2017
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The Silver Fox Advisor
Advising, Consulting And Mentoring Greater Houston Area Business Since 1986
From the Editor...

Richard Hendee

The beginning of each year brings the opportunity to start with a clean income statement. Why is that important? Because every dollar you can improve your gross profit margins by or reduce your operating expenses by goes right to the bottom profit line. To show what you can achieve take last year's income statement and increase your gross profit margin by just 1.0%, then reduce your operating expenses by that same 1.0% and see what your net profits could have been. Now imagine an increase in sales of 5.0% over last year coupled with the improvements in gross margins and reduced expenses, and you just might have a banner year in 2017.
Top 5 Challenges Most Business Owners Face

By Rainee S. Busby, CEO of Fokal Fusion and a Silver Fox Advisor
As you set out to be an entrepreneur you dreamed of being your own boss, setting your own schedule, creating financial freedom and loving what you do. Normally it takes years to achieve this dream, some never do.
Most entrepreneurs face 5 challenges that cause some to ask themselves if the sacrifices they are making are worth it.
Lack of Control - your schedule is not flexible enough to allow integration of work and life.
Too Little Profit - your revenue is at or near budget but adequate profit is elusive.
Wrong People - some of your employees don't fit your culture or aren't in the best role for their skills. People issues account for over 80% of business challenges.


Silver Fox Advisors

2017 Officers And Directors

Silver Fox Advisors Officers for 2017 are Jim Griffing Chairman, Richard Hendee President, Bill Herman Vice-President and Donnie Roberts Treasurer/Secretary. Board of Directors are: Mary Kole, Mark Miller, Keith Okano, David Regenbaum, Al Spinks and David Wadler. Jim Griffing will serve as the Board Chair.
For more information visit: www.silverfox.org


Silver Fox Advisors

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Silver Fox Advisors
Silver Fox Advisors are current and former business owners, entrepreneurs and executives dedicated to assisting business owners to improve their enterprises through mentoring and consulting. Advisors have been sharing their knowledge, experience and skills since 1986. To work with a Sliver Fox Advisor, please visit our website at www.silverfox.org and select your advisor.
Upcoming Events

Lunch & Learn

Thursday, January 26, 2017
Topic: "Super Bowl LI"
Guest Speaker: Barry Warner, Houston Radio Sports Legend
Location: The Houston Racquet Club
1079 Memorial Drive
Houston, TX 77024
This Month's Featured Book
by a Silver Fox Advisor

Click here to see more books written by Sliver Fox Advisors