When you get your financial statements, here are eight questions to ask yourself. The answer will tell you where your business is headed and what you need to do more of and what you need to do less of. (These questions come from Keith Cunningham, author of “The Ultimate Blueprint.” Check out http://www.amazon.com/Ultimate-Blueprint-Insanely-Successful-Business/dp/098465920X Q #1: [...]
I’ve seen bad business owners ruin a good business. And I’ve seen good business owners turn around a bad business. It’s not the business that makes the business owner. It’s the business owner that makes the business. Here are three questions to ask yourself about your business: How effective am I as a business manager [...]
The only difference between a small business and a huge business is leverage. The industry can be the same. The product can be the same. The customer base, market, building, machinery…everything can be exactly the same. A big business knows how to leverage other people’s money, resources, networks, skills, time, systems and brains. In today’s [...]
One of the things I love about my virtual bookkeeping company Cash Flow Accounting and my blog at CashFlowAccounting.com is that I get to talk about my favorite subject – building businesses. For over 30 years, I’ve helped business owners and real estate investors pay less tax with their businesses. I love that part of [...]
If you’ve read the management books or attended business seminars, you know the importance of having a vision, mission and values for your business. In this case, though, I’m not talking about the ‘why’ of your business, but rather something much more basic. Let me frank: Do you want to make money from your business? [...]
I learned this lesson the hard way. There is one question that can be the business- killer, if you’re not careful. The problem is that many small business owners ask this question and focus too much on the answer. “How do I get big so I can get rich?” In a second, I’ll tell you [...]
Your financial statements are a measure of the activities of your business. That’s what accountants do: turn activities into numbers. In our business, we work with clients who have a widely differing approach to how they want to collect their numbers. One client wants to enter the day to day deposits and checks and then [...]
