More than 500,000 businesses have adopted the Profit First methodology, which is fantastic! It is a game-changer for cash flow management. However, we’ve heard some myths about the system circulating. Profit First creator Mike Michalowicz created a video series to...
Customers don’t forget the promises you make. That means, you better deliver! In fact, I recommend taking advantage of every opportunity you have to wow your customers by overdelivering. You can do this by sending estimates for slightly more...
Losing money can result in a slow, painful death for businesses. However, losses are the default mode of operation unless you’re intentional about your finances. Remember the idea that things left to themselves tend to degenerate? Your business is not immune to this...
While at times it might seem convenient to use your business account to pay for personal expenses and vice versa, it’s not a wise practice. In order to stay above reproach, keep things clean, and avoid legal issues later, it’s best to maintain a separation of church...
If you’re like most business owners, you probably focus on what’s right in front of you. There are times when everything feels urgent, and you find yourself playing the part of a firefighter putting out theoretical fires – a far cry from the focused, level-headed...
Flying blind never yields positive results. In fact, it leads to disaster – literally, in the case of airplanes, but figuratively as well. A pilot controlling a plane while wearing a blindfold would not be able to see his fuel gauge, navigation system, or even the sky...
