Legally Writing Off Bad Debts

Offering credit terms increases sales, but this inevitably leads to some clients who don’t pay their bill. This is especially true in this economy. Be sure to write off any bad business debts you can’t recover. To qualify for any deduction, the business bad debt must...

Direct Mail That Always Works

In today’s market the consumer is now king. They can check out your firm in advance of contacting you. They then can tell all their friends, relatives, and co-workers using social media exactly what they discover in a much more efficient way than ever before. To...

Flying Blind Leads to Disaster

Entrepreneurs are sometimes lulled into winging it, managing by the seat of their pants, and flying blind.  They forget about staying on top of the “performance numbers” that are important indicators of their business’s health.  They don’t look for...

Why Do I Need to Keep a Mileage Log?

In this video I discuss why it is so important for the business owner to keep track of their business auto use and how much this can cost you. Before you do anything else, why not join The Profit Maximizer Club on FaceBook.  This community is designed to help...

What is My Business Worth?

This is a common question that every business owner asks at one time or another.  The answer is simple: Your business is worth what someone thinks it is worth! Yes, I know, that’s very simplistic.  But at the end of the day, you will only know its actual...