The sales portion of the profit formula demands the largest portion of the owner's time. This ties in with the idea that every business is, at its heart, a marketing business. You are not in the business of what you do or produce. You...
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8 Secrets to Increasing Profits Fast- Part 2
This video includes part 2 of the 8 Secrets to Increasing profits fast. These two videos includes profit maximizing tips that any business in just about any industry to quickly increase their bottom line, sales & cash balances. . This video includes part 2...
8 Secrets to Increasing Profits Fast- Part 2
This video includes part 2 of the 8 Secrets to Increasing profits fast. These two videos includes profit maximizing tips that any business in just about any industry to quickly increase their bottom line, sales & cash balances. . This video includes part 2...
8 Secrets to Increasing Profits Fast- Part 1
One of the most common complaints I hear from business owners is that they are working harder and making less. When I question them, they often tell me that they've increased their sales but are still making less money. Without even looking at their books...
How to Determine Proper Inventory Levels
Click to watch video for this article - http://bit.ly/2YjACcp The best way to determine what inventory to carry is to adjust the inventory after the store has opened. Here is the best way to accomplish this: 1. Ask your customers as they check out: ...
Finding the Hidden Cash in Your Business
In my forty+ years of working with small businesses, just about every business owner that I have worked with has been surprised by the amount of cash that they are leaving on the table. In tough times or good times, tracking every dollar your business...
The Quickest Way to Increase Profits
Increasing profitable sales can be accomplished by all business owners, but doing so takes time. The fastest way to increase profits is to decrease overhead costs. If you have a 50% cost of goods sold rate, then every $1 reduction in expenses is...
What if I Fail!
I was talking to a new business owner who was worried about failure. He kept saying, “What will I do if this doesn’t work? I have young children, a mortgage, and other bills to think about.” This “What if I fail?” worry is the biggest thing that...
Prepare Your 2020 Success Plan Now!
I recently met with a business owner who was complaining that he was tired of just barely surviving for the last 15 years. I asked him, “Why do you expect a different result when you keep doing the same things?” Too many business owners don’t have a plan to...
Maximizing the New 20% Deduction
For tax years beginning after 2017, business taxpayers (other than C-Corporations) may be able to take the new Section 199A 20% deduction of their qualified business income. This means that you will only pay tax on 80% of your business income. ...