by | Jan 16, 2014 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
Systems Are the Key to Financial Success Remember what I said earlier? Fundamentally, every business is a system: a set of processes that, working together, reliably produce an intended result. The key to financial success is to focus on improving...
by | Jan 15, 2014 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
What Is a Profit-Building Machine? Fundamentally, every business is a system: a set of processes that, working together, reliably produce an intended result. Every business has four main systems: Sales and marketing Production and delivery of the product...
by | Jan 14, 2014 | Business Profit & Cash Flow Tips, Small Business Owners, Small Business Success Series
I’m a big fan of the Discovery Channel show “How It’s Made”. Since 2001, it has been revealing how everyday items such as bubblegum, engines, guitars, baseballs, and snowboards are manufactured. I am fascinated by the number of steps that must be...
by | Jan 9, 2014 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners, Small Business Success Series
One of the big advantages CPAs have working with small business owners is that we get to learn what makes them profitable and what makes them fail—without losing any of our own funds. Not only that, but we are also business owners. We face many of the...
by | Dec 4, 2013 | Business Profit & Cash Flow Tips, Business Success Series, Small Business Owners
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...
by | Nov 15, 2013 | Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners, Small Business Success Series
The IRS requires that business owners keep mountains of paperwork to prove our deductions. One of the hardest things for business owners to do is keep copies of all the receipts we accumulate throughout our busy day and give them to bookkeeping. ...
