Yes, your product is awesome! But behind-the-scenes of every awesome product, you’ll need to ensure your business is set up to support you and your efforts on the entrepreneurial adventure. Things like your sales channels, support tools & systems, processes and your teams are all part of an important equation. Without these items, you’ll have […]
People often don’t realize that the lifecycle of a business involves so much more than deciding on a product, selling it, and then repeating. In reality, your business will go through a handful of phases from start to finish. You will have to make decisions in each phase, big and small. For this reason, it’s […]
In the past, I’ve discussed how to set up your Profit, Owner’s Comp, and Tax accounts using the Profit First method. But do you know how much to add to each account? Luckily, you don’t have to guess. You can use the Instant Profit Assessment instead. Know the Real Numbers Until now, I’ve only talked […]
Everything is so expensive right now. This week alone I got notifications from two software companies and my business insurance agency that their prices were going up. Not to mention the extra costs for gas and groceries. As if that’s not enough to manage, we have to be ready to pay our tax bill in […]
We’re all creatures of habit, and when you’re a business owner with a lot on your plate, falling into the habit of pushing things off until that last-minute during tax season can be pretty easy. However, when it comes to making a real profit continually, procrastination isn’t going to cut it. You need to be […]
In our second video blog of this series, we dive into the Profit & Loss Statement, or your P&L. This is a critical report and understanding how to review it and what to pay close attention to will help you keep a pulse on your business. What to Review on Your P&L Let’s dive into […]
For anyone who knows me, you know that I love visiting with folks about their numbers! It’s always a hot topic. I did a 4-part blog series last fall about how to get the most out of your financials, and it was very well received by our industry audience. In fact, it led me to […]
The beginning of a new year is always a good time to look ahead and think about the progress you want to make in your business during the coming months. Will this be the year you add new platforms for selling your products, expand your product offerings, or move to a better accounting system? All […]
The general tendency of most business owners is to measure success in dollars and cents. But truly, the greatest currency we have as business owners is time. From a financial perspective, was your ecommerce business successful last year? How about from a time perspective? How well did you spend your time last year? Time to […]
