Is 10% Net Profit Enough?
Many business owners aim for a 10% net profit margin—but is that actually enough? In this article, we break down what healthy businesses earn, how to evaluate profitability, and what benchmarks successful companies use.
Fun Financial Facts to Start the New Year
The new year is the perfect time to think about finances in a fresh way. These fun financial facts highlight surprising insights about money, business performance, and financial success.
Death by 1,000 Cuts – Abdicating the Responsibility for the Financial Side of Your Company
Many business owners unintentionally damage their companies by avoiding the financial side of the business. Over time, small financial issues compound into serious problems. This article explains why owners must stay engaged with their company’s financial health to prevent “death by 1,000 cuts.”
Death by 1,000 Cuts – Marketing Budget that Isn’t Based on Results
Why Marketing Budgets Must Be Tied to Measurable Results The next death by another little cut: Having a Marketing Budget that Isn’t Based on Results This is a conversation I had with a client who did an advertising campaign: “We spent $11,000 on advertising and...
Death by 1,000 Cuts – Don’t Give Employees KPI’s and Annual Reviews
When employees lack clear performance metrics, accountability and productivity often decline. This article explains why KPIs and annual reviews are essential tools for improving employee performance and building a stronger business.
Death by 1,000 Cuts – Not Paying Attention to Accounts Receivable
Accounts receivable may seem like a routine administrative task, but ignoring it can slowly damage your company’s cash flow. This article explains why business owners must actively manage receivables to maintain financial stability and avoid long-term financial strain.
Happy Thanksgiving
This Thursday, November 27th we celebrate Thanksgiving in the United States. For Canadian readers, you celebrated Thanksgiving earlier this year. For those in other areas of the world, you might not formally celebrate a day to give thanks….but what if you did it?...
Death by 1,000 Cuts – Trying to Scale Chaos
The next death by another little cut: Trying to Scale Chaos If you try to scale chaos, you only get more chaos. And, eventually your business will implode. When you are small, i.e. less than $750,000 in revenues, you probably can do it yourself. You know exactly what...
Death by 1,000 Cuts – Don’t Answer the Telephone
The next death by another little cut Not Answering Your Telephone WAIT! Before you click off this Profitable Business …make sure that your employees DO answer your phones. And, they answer them in the way you want them to be answered. Here’s what happened…and this is...