Reinvesting: “I will take home more money eventually”

Reinvesting money in your business is not a bad thing if it is done consciously. Now, what do I mean when I say that it’s not a bad thing if done consciously?  Well there are two SUPER important things you MUST have in place:  1. A robust profit plan 2. A cash management strategy.  Reinvesting […]

UNTIL YOU MAKE A PROFIT, YOU DON’T HAVE A BUSINESS

I have heard it said before that, until you make a SALE you don’t have a business…but…I believe that…on top of that…until you make a PROFIT, you don’t have a business either – you have an expensive hobby. Years ago, when I wasn’t making a profit, when I was “reinvesting” all the sales revenue in […]

I DON’T NEED A FINANCIAL PLAN, I CAN GO ON MY GUT FEELING

Intuition is really key in our businesses and in our lives…but I don’t believe that you should SOLELY rely on it when it comes to the financial health of your business…I believe that you need a robust, implementable and systemised, financial plan to achieve the financial results that you want. After all…money manifesting required action […]

Do you really know how much profit you make on each and every sale?

Do you even know if you make a profit? Many businesses are unaware of the exact profit they make as they don’t monitor closely enough the different elements that go to make up the sale. I was speaking to a new client yesterday on exactly this topic. His business has a number of projects that […]

#AskAnnette: Can I use Xero when I do Profit First?

Can you use Xero with Profit First? I often get asked by clients, and people on Social Media if you can use Xero with Profit First – if both of those go together ok, or if implementing Profit First, means that they have to ditch Xero. Profit First is a cash management system (which helps you […]