by | Aug 17, 2017 | Business Profit & Cash Flow Tips, Other, Sales & Marketing, Small Business Owners
Strategy shouldn’t be an abstraction to your workforce—it should tell everyone what to do and how to do it. Is your strategy up to the test? Look for gaps in these areas: Employees. Does your strategy tell your workforce which opportunities to pursue and what threats...
by | Aug 8, 2017 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
“When should I hire a new employee?” is a question I get asked often, especially when a business owner is looking at hiring their very first employee. My answer is that there are really only two reasons to hire an employee: They do work that directly...
by | Aug 1, 2017 | Business Profit & Cash Flow Tips, Cash Flow, Personal financial planning
Many people assume that to create wealth you have to find additional sources of income. While another job or winning the lottery is certain to boost your bank account balance, there are simple little things that anyone can do to help increase the amount of money they...
by | Jul 21, 2017 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Cash Flow, Personal financial planning
We have all heard the old saying “Take care of the pennies and the dollars will look after themselves,” and, indeed, some of the richest people in the world are those who are well known for being careful with even the smallest amounts of cash. In our normal daily...
by | Jul 17, 2017 | Business Profit & Cash Flow Tips, Business Success Series, Cost Cutting, Income Taxes, Small Business Owners, Small Business Success Series, Surviving an IRS Audit Series
IRS regulations require that every business owner track the business use of their auto. But this can be such a hassle that I can count the number of business owners who do so on one hand. Of course, if you are audited, not having a log can cost you in...
by | Jul 13, 2017 | Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners, Small Business Success Series
The lifetime value of a customer is one of the most important numbers every business owner must know and understand. You calculate it by taking the average price that your customers pay for your main products or services and multiplying that average by the...
