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.
Is a cash crunch keeping you up at night?
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
Does your business have a scoreboard?
To know how strong the business is, plan for growth, and increase sales, you must, must, MUST have a scoreboard.
4 Guaranteed Ways to Grow Sales in Your Business
There are hundreds of tactics and methods people use to grow sales, each with their own pros and cons. Luckily, entrepreneurs really only need to know 4 basic strategies.
Are you getting the financial info you need?
Are your accountant’s financial reports telling you everything you need to know? Maybe it’s time to consider a fractional CFO for your business
Are you in control of the financial side of your business?
How often are you diving into the financial side of your business? Do you truly comprehend and understand the numbers you’re looking at?
Recessions, change and whitewater: what it takes to succeed right now
Lately, I’ve been frequently referencing a well known Warren Buffett quote: “Only when the tide goes out, do we discover who’s been swimming naked.” But what does it really mean to say this? Let’s dive in. Lots of businesses ride on what I’ll term an ‘artificial bubble’. So when everything’s moving along as usual, the…
Cash Flow, Communication & the biggest mistake you can make right now
Over the last two weeks I’ve been hosting what I’ve termed an Online Group Peer Resource Centre. Once a week I meet virtually with a group of small business owners who are looking for insight that will help them navigate these uncertain times, as well as to share stories from their own businesses and lives…
Crisis Survival Guide
CASH is still the KING Five birds are sitting side by side on a telephone wire. You shoot one of them, it falls off the wire and hits the ground. Now, how many birds are left on the wire? The obvious answer is “4”. The correct answer is “none”. When you shot the first bird,…
Doing business in a pandemic: 5 things you should be focusing on right now
“May you live in interesting times” is an English expression which purports to be a translation of a traditional Chinese curse. While seemingly a blessing, the expression is normally used ironically; life is better in “uninteresting times” of peace and tranquility than in “interesting” ones, which are usually times of trouble. (wikipedia reference) These most…
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