by | May 10, 2016 | Business Profit & Cash Flow Tips, Small Business Owners
Product returns and refunds are a huge drain on profits. First, you have to return the money to the customer. Then you have to repackage, restock, and resell the item. But making it hard for the customer to return products is a huge mistake. ...
by | May 3, 2016 | Business Profit & Cash Flow Tips, Cash Flow, Sales & Marketing, Small Business Owners
Good marketing is designed to get prospects to come into your business for the first time. Sales is the art of presenting a solution in such a way that they want to buy your product or service. One common complaint I hear from business owners is that...
by | Apr 28, 2016 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Small Business Owners, Small Business Success Series
Regular Profit and Loss Statement A business owner can only survive with good and current information. Outdated financial statements have very little value. You might receive your year-end financial statements in May of the following year and find that...
by | Apr 22, 2016 | Business Profit & Cash Flow Tips, Sales & Marketing, Small Business Owners
In every business, 80 percent of your sales come from only 20 percent (or less!) of your customer base. Simply put, the most important asset in your business is loyal customers. So why do most business owners spend 90 percent of their marketing budget and time...
by | Apr 21, 2016 | Business Profit & Cash Flow Tips, Small Business Owners
Talk about management and you immediately begin to talk about people. Every business owner I have ever met with complained that getting employees to do what they were supposed to do was one of their biggest problems. Over the years, I have heard about many...
by | Apr 20, 2016 | Business Profit & Cash Flow Tips, Cash Flow, Small Business Owners
Starting a business is risky. Very few businesses last 10 years, and even fewer actually achieve massive profits. So why do so few businesses achieve this level of success? A more important question is, what do the businesses that achieve massive...
