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.
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.
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.
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
How often are you diving into the financial side of your business? Do you truly comprehend and understand the numbers you’re looking at?
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…
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…
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,…