Every business is vulnerable to natural disasters such as fires, floods, tornadoes, hurricanes, and earthquakes. However, advance preparation can minimize your exposure in several ways. For example: Physical assets. Buildings, equipment, furniture, inventories,...
Employee theft happens frequently enough for it to be a concern of every business. It makes no difference whether your business is a one-employee medical office or a 40-employee service business. Absentee business owners should be even more alert to the problem of...
It’s time to start implementing the Profit First fundamentals in your business to earn profit starting today. If you haven’t already gone through the Profit First Instant Assessment click here to go back and do that now, then head back here once you’re done. Before we...
Chances are, when you started your business, it was because you thought you could make some money doing it. As much as you may enjoy the work you do or serving the customers you work for, the primary motivation of starting a business is to make a profit, and hopefully...
In the past blog post, which you can find here, we walked through how to use the Profit First Instant Assessment to gauge where your business is financially right now to help see how much profit your business should be making. Now we’re going to figure out what you...
Need more income in your service business? Consider the following ideas to save time, improve profit, and make your business more successful. 1. Develop tight controls over billing and collections. To speed up cash flow, reduce the time between shipping your product...
