Business Goals…what Business Goals?
Happy New Year! Here it is January again…already! Maybe you were going to spend time over the holidays planning for your business and what you want to accomplish in 2024. For some of you, congratulations! you got it done and are already implementing your plan for the new year. For others, I’m guessing that planning […]
Best Time to Make a Business Budget?
When is the best time to make a business budget? I like to start planning in Q4 of my business year for the upcoming year. For most business who are on a calendar year, November is a great time. If your business operates on a fiscal year, then the month before the last month of […]
Budget your vacation?
I just got back from a 17 day vacation! Yes, seventeen whole days away from my business, on a road trip through five states. It was a fabulous experience! I loved visiting many National Parks and National Monuments and spending time with family. One of the extra good things about it though was that I […]
Know Your Numbers – What does it mean to you?
I often talk about the importance of “Knowing your Numbers”. But what does this really mean? To start with, many business owners are not sure what their financial statements are telling them, or even how to make sense of those reports your bookkeeper sends you every month. A lot of business owners feel a little […]
Best Business Practice Guide
Do you run your business using best business practices? You probably have a feel for some best business practices if you have been in business for a while. But chances are you are paying attention to some areas more than others. Over the years that I have worked with small to medium sized businesses to […]
3 Persuasive Reasons to Create a Profit Plan for your Business
You may be surprised to know that many businesses don’t have an annual budget in place, or I as I prefer to call it: a Profit Plan. Now, what I call a Profit Plan is a bit more detailed than just an annual budget, but we’ll get to that. I recently spoke with a business […]
Planning for Growth? Make sure your Marketing Strategies are really working!
As I review many profit plans/budgets with my clients this year, it is evident that most are planning for some growth and many are planning for significant growth. Of course, there are many factors that go into achieving that growth: Effective marketing and sales to bring in additional work, enough of the right people to […]
3 Tips to make Strategic Planning easier
Strategic Planning often conjures up the thought of something big and daunting that we really should be doing every year, but somehow it just doesn’t happen. And, while yes, I do suggest that you ultimately do put aside time each year to do a day long comprehensive planning session, you don’t have to put off […]
Paying yourself last is not a strategy for success
How Much to Pay Yourself and How Paying yourself last is a strategy to get by, not a strategy for success. Many small business owners end up paying themselves by what’s left over at the end of the month after other expenses are paid. That way, you often end up with a big swing in […]
Plan for Profits in 2020 – Free Webinar
As a business coach, I encourage my clients to engage in strategic planning for their businesses on a regular basis. Most businesses have an idea of the goals they would like to achieve for the year, but many don’t translate those goals into a blueprint for how they are going to achieve them. As you […]