Documenting your systems is incredibly important, and surprisingly simple to do once you have a system in place. Let me show you an outline of the system I am recommending for documenting your systems. Write down the purpose of this task. Describe what a...
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What Jobs Should I Outsource?
A question I frequently receive is, “When should I consider outsourcing?” To this I give them a three-part test: If the task occurs one time – outsource it! Examples of this are setting up a computer network, establishing a website, and installing an accounting...
Is the American Dream of Business Ownership Dead?
No, but the rules have changed! Since 2007 small businesses have been failing at a record level. Small business owners feel more and more that the odds are stacked against them. Add to this the increased regulations that are making it harder and harder to start a...
Manage Your Customer’s Experience B-D-A and Watch Profits Soar
I recently listened to an interview with James Malinchak about his appearance and experience on the ABC hit show Secret Millionaire. During the interview he discussed how he leveraged this opportunity to promote both the show and his own business. He did...
New Year’s Money Resolutions Made Easy
While the holiday season may be the time for spending, it is also the time of the year to start to consider how you want to change your habits with regard to your personal finances. If keeping New Year's resolutions has always been a bit tricky, being very...
What You Need To Consider With Financial Apps
With smartphones, tablets and even computers there is a range of different options available for financial management apps. Typically apps for financial issues are going to focus in on either personal finance or business, but some provide options for multiple types of...
How To Delegate Effectively
If you want to expand, you will need to multiply yourself. This will require you to have employees and then delegate work to them. This is one area that very few business owners do effectively. They try, but they soon give up because their employees make...
MYTH VS TRUTH: Only My Banker and My CPA Care About My Financial Statements
The myth most business owners believe: Most new small business owners get excited about marketing and sales. They also necessarily concentrate on delivering the product/service and on new product creation. Why this myth causes a problem: When a business owner...
10 Costly Hiring Mistakes Keeping Your Business From Growing!
If you want to grow a business it must become scalable. That means you will need to hire a team of people that you can depend on so that you can concentrate on the important work of growing your sales, profit and cash balance. But all business owners will tell...
Why Every Small Business Owner Should Have a Good Accountant
If you’re like many entrepreneurs and small business owners you probably try to manage most tasks yourself. Sure, maybe you outsource the big jobs like copywriting or graphic design, but you handle all of the “management” tasks. In many cases, that’s just fine....