Don’t Let Your Numbers Slip Away

Know your numbers! This is one of the top five rules in business, if not the first, and yet so many business owners and CEOs are unaware of their numbers. A large percentage of businesses operate from the cash balance in their bank account or wait until they have to give their accountant their financial statements after the year ends to do their tax return. Some have their numbers available but they’re looking at the wrong ones, if they’re looking at them at all. Much of this comes from the unknown, fear of what they’ll see, or a lack of understanding. The problem is, when you don’t know your numbers at all times, you’re most likely not only losing money, but also opportunities!

Let Fear Propel Your Business Growth

We hear quite a bit of talk lately of people speculating a recession heading our way. In fact, within some conversations you can already sense the panic setting in. How will we manage the cash strains? How can the business survive? What should we be doing now to prepare? How will we keep our customers? Should we start letting people go? One of the root causes of this fear is the emotion we’ve tied between ourselves and our businesses. When you build a business up from scratch or buy it and drive growth it tends to become a part of who you are. It’s often difficult to separate your personal life from your business life because your personal life is so dependent on what you do in and with the business.

Roll of the Dice

Have you ever taken a trip to Vegas? the cards you draw or the dice you roll are still a key component of deciding if you win or lose, but you put the odds a little more in your favor. You’ll have an idea of when to walk away – when it’s okay to take a chance, but you won’t totally lose the game because you’ve allotted yourself so much to gamble with. Having a business can be looked at in much the same way

Synchronize Your Business with Your Money Mindset

For the majority of business owners, I have found two common correlations between a company’s growth and the owner’s money mindset when it happens. The first situation came to mind when... ...You want to get into the proper money mindset early on so that when you do hit the roadblocks or plateaus you’ll have the confidence, energy and strategies in place to deal with them head on and grow your venture to new levels.

How Does Your Process Effect Your Customer Experience?

When we think of creating processes within our business we tend to think in terms of cost and efficiency, but have you ever stopped to consider the effect your processes may have on your customers? Not too long ago my son’s electronic car key broke; I thought the quickest way to fix or replace it was to go directly to the car dealer. Yes, I knew it would be more expensive, but I was thinking more from the convenience and timeliness at this point.