10 Solutions to Prevent Cash Flow Issues Related to Your Customers
Clients love it when I uncover an issue and I have a quick fix, but they love it even more when I help them implement long term solutions that keep cash pouring in. Here are ten long-term solutions...
View Article12 Solutions to Prevent Cash Flow Issues Related to Your Vendors
After you review how your cash flow is affected by your customers, it’s time to take a look at your vendors. Often times it is easy to pinpoint cash flow issues. The hard part is fixing the...
View ArticleThree Indicators You Have a Profit Leak
Quick fixes to improve cash flow are one thing, but you may need to dig into your financial statements to find the source of the profit leak. I’m surprised at the number of businesses that don’t...
View ArticleBehind the Scenes: How I Priced My Workshop
As many of you know by now, I recently launched my first workshop. I would like to take you behind the scenes to see how I applied some of my pricing secrets when I calculated the price...
View Article4 Signs It’s Time to Increase Your Prices
The price you charge is one of the most important on-going business decisions you will make. If you charge too much, you may lose sales. If you charge too little, you will overload your pipeline...
View ArticleShhh! Don’t Share These Discounts with Your Competitors
Some businesses love discounts, some hate them. The key is to use discounts when it makes sense with your long-term plan. If you are not careful, discounts can lead to endless price wars. But,...
View Article7 Signs Your Business is Legit
7 Signs Your Business is Legit In the business-to-business world, it is important to look and operate like a seasoned business even if you started yesterday. I’m not encouraging you to lie – just...
View Article10 Pieces of Bad Advice New Business Owners Need to Ignore
New business owners are facing one of the most daunting tasks in American today: starting a viable business. I call this a daunting task because it seems like the laundry list of things that can go...
View ArticleStop Keeping Up with the Joneses! How Profit Is More Important than Gross...
I always enjoy flipping through the Birmingham Business Journal’s Book of Lists to see which companies are new or moved up in the ranks in their respective fields. If you are not familiar with the...
View ArticleThe Power of Cash: Four Types of Savings Your Business Needs
In business, cash is king. You not only need a steady supply of it; you also need to save it to help you when growth opportunities and problems emerge. Reserving cash is one of the smartest things you...
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