Profit is a mixed bag for most of us small business owners.
It’s very discouraging year after year to pour your blood, sweat and tears into your business, trying to make it better, trying to grow and be profitable, then, at the end of the year to hear from your accountant that you barely broke even—yet again.
Then there is the general public’s perception of small business owners—that we are all rich… that our higher prices are padding our own wallets…that we pay our employees the lowest possible wages and provide the minimum amount of benefits, just so we can jet off to exotic locales, live lavishly and drive fancy vehicles. All it takes is for one customer to question a price and the owner feels pushed into lowering the price, even as the owner struggles to meet payroll.
The truth is that many business owners lay awake at night worrying about cash flow, dreading potential layoffs when the economy is bad, and worrying about meeting payroll—so much so that they are often the lowest paid employee on the payroll, and the first to skip a paycheck just to keep the doors open.
Profitable businesses are healthy businesses. When a business is healthy, the owner thrives. When the owner thrives, the employees thrive. When employees thrive, customers are treated well and have a good experience with the business. Continue reading
What’s one thing that will make everything else easier in your business? Making your next hire an A-Player! Continue reading
How do you make a profitable decision on where your business should go? Continue reading
Congratulations Anthony Aguirre!
Congratulations to Anthony Aguirre for being named the SBA’s 2016 Wyoming Small Business Person of the Year. President of Powell-based Triple A Building Services Inc., Anthony is a Tap the Potential client. What really stands out to me about Anthony is his desire to learn and his commitment to continuous improvement. According to Anthony, “Excuses build monuments of nothing!” His can-do attitude is certainly paying off. Continue reading
It may surprise you to learn there are strategies to grow your business, profitably, regardless of what is going on with the economy.
In fact, there’s a BIG OPPORTUNITY coming up that I wanted to make sure you didn’t miss…
My colleague and highly-regarded business author, Mike Michalowicz ,will be speaking on
How to Make Your Business Highly Profitable, by the Very Next Deposit
Mike Michalowicz is a globally recognized entrepreneurial advocate, dedicated to eradicating entrepreneurial poverty. He is a former small business columnist of the Wall Street Journal and the entrepreneur behind 3 multimillion-dollar companies.
Mike is the author of Profit First, The Pumpkin Plan and what BusinessWeek deemed the entrepreneur’s cult classic, The Toilet Paper Entrepreneur.