The following sequence of events is common to a new and growing business. The Short-Term Squeeze You start your business with a limited amount of capital and an abundance of good ideas and ambition. The sales activity has been adequate to produce a net profit. Your...
There are few common principles in nutrition that have held true for over a century, and no matter how many fad diets and “innovative” pills come onto the market promising incredible results, these principles are what lead to sustainable, healthy lifestyles. The same...
If you’ve been in business a while you’ve almost certainly encountered Generally Accepted Accounting Principles (GAAP) accounting. It’s the standard way entrepreneurs have been crunching the numbers for their businesses for nearly the past 100 years....
Most successful business managers use financial information, like statements and other special reports, to generate higher profits. If you haven’t been using all the financial tools available to you, here are some ideas to get you started. There is no need to...
Running your service business and making decisions based on the number in your bank account leads to a lot of problems. One of which is known as the Survival Trap. Service business owners fall into the Survival Trap when they start to feel the stress of a low...
Are your business, team or department meetings dull, uninspiring, and inefficient? Do they drain morale, waste time, and focus on the past? Would you like them to be vibrant, engaging, productive, and future-focused? If so, here are some suggestions to supercharge...
