What happens to your income when revenues go down? Does your income go down? Substantially? So you’re humming along doing $100,000 per...

Some business owners think that not paying themselves is a "badge of honor". When I dig into their books for a minute, I see that they...

One of the fastest, most overlooked ways to break through a money plateau, is to adjust your pricing. It may sound obvious; but for many,...

Monitor your books yourself. This is an obvious practice, but a very important one. Do your best to set aside time each day or month to...

Have a good billing strategy. Every business owner has a client that is consistently late on its invoices and payments. Managing small...

Answer: There are only three types of financing available to a small business owner: debt financing, equity financing, or a combination...

Short answer: NO. Struggling business owners will spend time to save money, whereas successful business owners will spend money to save...

Let me begin with one clear point: you should pay yourself from day 1 of your business. Before you write me off as silly, let me say...

I hear this question from clients a lot at the beginning of the year. Everyone wants to grow their business and find the fastest way to...

Question # 15: What is "margin" and why should I care? 1. You’ll be able to pinpoint areas where your business is struggling By running...

Did you know that if you Increase sales by 17%, you can double your profit? Yep. If increasing sales is one of your business’s goals for...

(this is a post from a respected writer - see below). Use This Formula to Calculate a Breakeven Point (for a product based business)...

To get a 25% increase in your Net Profit you simply need to make a: ● 1% reduction in your fixed expenses ● 1% reduction from...

At the end of a year, we tend to ask ourselves questions about the goals we wish to achieve in the coming year. I support spending a day...

The answer is simple: when you have the time, money, role and onboarding process carefully detailed. It's simple, but not necessarily...

Wrong? Sometimes. Ill advised. Yes. From our friends at the IRS: Question I'm a sole proprietor and pay personal expenses out of my...

There is 1 key component to cash flow: money coming in must be greater than money going out. At all times - not just at the end of the...

CFO Rule of Thumb: 80% of your profits should be coming from 20% of your services. Short and sweet. If you need help figuring out how...

Rule of Thumb: Every dollar spent on growth must produce 5 dollars in revenue. It's called the 5X rule. Successful, growing businesses...

Short answer: HELL YES! One of the most important things you can do as a small business owner is to separate your business from your...