Death by 1,000 Cuts – Ignoring Cash Trends
Ignoring Cash Trends “I look at the money in my operations account every day.” Yes, you should be doing this to spot irregularities in your operating account. However, looking at cash in the bank doesn’t give you the overall trends of your business as they relate to...
Death by 1,000 Cuts – Don’t Pay Attention to the Bottom Line as You Grow
The Ask Ruth Webinar is this Thursday, October 20, 2025 at 11 AM Eastern Topic: The Relationship between Profitability, Working Capital, and Current Ratio Click here for details and to register Now onto Financially Fit Business Pay attention to the bottom line as your...
Death by 1,000 Cuts – This Form of Chinese Torture Can Kill Your Business
Death by 1,000 cuts is how the ancient Chinese tortured people. No one single cut killed them. However, it was the accumulation of 1,000 cuts that eventually killed the person. What does this have to do with your business? It’s the little things that you don’t pay...
How to Give Your Employees a Day Off with Pay on December 26, 2025
Christmas is on a Thursday this year. The likelihood of much revenue generation on Friday, December 26, 2025 is slim. It’s a wasted day with no one really wanting to be at work. Customers don’t want to talk with you either – unless something is broken. What if you...
Don’t Let This Happen to You
A contractor (who is not a client) had good profits and profitability for the past several years. He negotiated a deal to sell his company. The process began in April and the April financial statements showed the company profitability. The business valuation and sales...
25 Ways to be More Profitable – Part 7
This article kicks off a two-part series offering 25 proven ways to boost profitability. These are straightforward, often-overlooked strategies that focus on smarter decision-making, reducing waste, and tightening up operations—so you earn more without sacrificing more of your time or money.
25 Ways to be More Profitable – Part 4
Now that you have the basics and why you want to increase your company’s profitability, let’s continue ways to increase profitability. #6 – Know Your Overhead Cost per unit of revenue. Overhead cost per unit of revenue is simply total overhead cost divided by revenue...
25 Ways to be More Profitable – Part 3
First, are you busy or are you productively busy? Join me this Thursday, June 26th at 11 AM Eastern to discover how easy it is to answer this question for your company…in less than 10 minutes. After I review the productivity ratio, I’ll answer any financial questions...
25 Ways to be More Profitable – Part 2
In this second installment, we reveal 25 more actionable strategies that help small business owners improve profitability without adding hours or expenses. These ideas are practical, insightful, and designed to help you think differently about how money flows through your business.