Profit is defined as the money that is left once you subtract expenses from revenue. So straightforward, right? Profit=Revenue-Expenses As with everything business owners and executives face, profit is not so simple in real life. There are many factors and decisions you make along with way that impact the firm’s profit. Over the years, Trivers … Continue reading The Profitability Checklist 2020
This week’s Newsletter is brought to you by the letter “D.” Demur. Defer. Decide. We’ll look at how these behaviors impact company success.I’ve been thinking of these words because there are just over 30 days left in 2019. Business Owners are reviewing this year and looking ahead to next year. What initiatives, plans or investments … Continue reading Decide Already! Indecision Gobbles Up Profits
“What’s your superpower?” Have you thought about your answer? It’s come up frequently in business conversations recently and it’s made me think. Is this a meaningful question? What is a superpower? How can one make a difference to your company’s revenue and profit? A Meaningful Question Is “What’s your superpower” a meaningful question? It depends…. … Continue reading What’s Your Superpower?
“Small disciplines repeated with consistency everyday lead to great achievements gained slowly over time.” John Maxwell, Leadership guru “What you do every day is more important than what you do once in awhile. “Mark LeBlanc, Growing Your Business “A foolish consistency is the hobgoblin of little minds…With consistency, a great soul has simply nothing to … Continue reading Is Consistency the Guarantor of Success or a Hobgoblin?
Do you ever think about the bottom-line impact of not keeping your promises? Of failing to meet customer expectations? On one day last week I received emails from two companies who are supposed to be providing services to me. I had inquired about the status of my projects. One email read: “I hope you are … Continue reading Promises: Easy to Make, A Must to Keep
Assumptions are things that are accepted as true or as certain to happen, without proof. What do you assume? I mean, absolutely and positively assume, and that you base business decisions on? Maybe you assume some or all of these things: You know every single thing that is important to your customers and clients You … Continue reading Want to Be a Growing Company? Challenge Your Assumptions
Your title is Founder, Owner, CEO or President. So, obviously, you’re running the company, right? Not so fast, as it turns out. I started thinking about this while working with a friend and coach on building confidence for when I show my dog. Is it possible that the principles for successful business ownership and successful … Continue reading Who Is Helping Run Your Company? the Answer May Surprise You
Did you see what I saw? Once the calendar turned to October 1, everyone was publishing articles about finishing the fourth quarter strong. Or planning for the next year. There’s always good advice buried in these approaches. I couldn’t help but wonder, though, if focusing on business needs, not calendar, would be more useful for … Continue reading Don’t Let the Calendar Control the Timing of Your Business Decisions
“I know what we have to do.” “I know my customers.” “We’ve covered all the bases.” Have you ever said something like this? That what you already know is all you need to know. Read this wisdom from retired Marine General Jim Mattis: “If you haven’t read hundreds of books, you are functionally illiterate, and … Continue reading Can You Ever Know All You Need to Know?