Surviving the critical first 5 years in business often means trying all kinds of things to see what works, to create a demand for our products or services and to find paying customers. Then once we find those customers, we try to serve all kinds of different needs. We say “yes” to every opportunity that comes our way because we feel pressured to get revenue flowing. While this works to help your business survive the first few critical years, it is not a long-term strategy for thriving. If we continue to operate this way, our businesses become overweight, and the demands are crushing. Continue reading
There is a dirty little secret in the entrepreneurial world: you can have a business with great sales and topline revenue, and very little or no profit. Year after year, you can plow money back into the business to grow it, thinking that one day, it will pay off. But, sadly, for many entrepreneurs, one day never comes. That’s why, when Mike Michalowicz’s new book, Profit First, came out last week, I got so excited! Profit First will change how you manage the finances in your business…for the better. Profit First will make your business instantly profitable. Even better, when you implement Profit First for the long-term, it will solve so many of the problems that keep us business owners awake at night.
As you read through the profit concepts, please reach out to me with questions that you may have. I am here to help!
Dr. Sabrina Schleicher recognizes that employee problems can be one of the biggest stumbling blocks for any business owner. With her background in psychology, and years of coaching small business owners to extraordinary results, Dr. Schleicher knows what it takes to find, keep and get exceptional performance out of your biggest investment-your employees. Access her comprehensive video training 5 Secrets to Exceptional Employee Performance (her gift to you!) at www.tapthepotential.com
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Small Business Finances Made Easy
BY RODRIGO LADDAGA
Do you ever feel like maybe you are the only business owner who is not fluent in financial statements? Rest assured, you are NOT alone. In fact, most of us who come into owning our own businesses feel like we are the ONLY ones who don’t get this stuff.
After many years of working with thousands of Small Businesses, I have noticed that finance is often an area of weakness for small business owners.