When you're running a business, you need to pay attention to money
Just like how a coin has two sides, money also has two dimensions.
The first side has to do with how much business owners know about their own current financial situations. For example:
- Do you have proper accounting?
- What about bookkeeping?
- Are there metrics in place, as well as performance indicators?
If you've ever thought to yourself “I don’t really understand what these financial reports mean" or "I don't really know know how well I’m doing,” then this dimension of your money is being overlooked.
The second side of money has to do with wanting more money yet being unsure of how to increase revenue via better sales and marketing.
Here's my no-nonsense approach to business finances and sales
Browse this library of business coaching articles for information on accounting, metrics, dashboards, and how a refreshed approach to sales can help you run your business.
Remember, money can be a tangible, proactive, systematic way of ensuring that your business is growing – but only if you know how to use “both sides” of the coin!
If you'd like some support to get a handle on money in your business, I invite you to book 15 minutes on my calendar to discuss how hiring a business coach could help you take control of your financial situation, faster.
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When you haven’t had any formal education around “the arithmetic of business” – finances can seem complex and perhaps a bit intimidating. Here are 6 steps to resolving the most common challenges.
Many businesses reach a point where their growth slows as the company matures. Here are 4 ways your company can begin to grow again.
When you are selling, there is something even more important than having the right answers. To be successful at sales you need to learn this.
Is selling the most difficult part of your business? Do you just “make it up” every time you go to sell? Watch this 30 minute video to learn the simple sales process I teach my clients.
How much do you need to bring in to take home your desired net profits at the end of the month? Do you have a plan to get there?
Nothing strikes fear into the hearts of entrepreneurs like a cash crunch. Learn the 5 most common causes of cash crunches – and 6 best practices to overcome them
To know how strong the business is, plan for growth, and increase sales, you must, must, MUST have a scoreboard.