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 …
Reinvesting: “I will take home more money eventually” Read More »
I want you to understand clearly and truly what success means to you! I often see business owners heading in a direction that’s not congruent with what they actually want from their business and their life. Make sure that you are heading in the right direction! Sit down and answer the following questions: What does …
Today in a FB group I saw a post which read along the lines of… “I have just started a VA business and we are the cheapest rates I have ever seen, no one is cheaper, we charge 70cents an hour” (Yes seriously that was the price) “How do I get clients, no one is …
The short answer is, that there is not really a best bank for Profit First UK! But there is a good way to set up the type of accounts that will work with UK banking (and limit the bank fees that you are charged) You see, most of the banks are offering a pretty similar product range …
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 …
UNTIL YOU MAKE A PROFIT, YOU DON’T HAVE A BUSINESS Read More »
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 …
I DON’T NEED A FINANCIAL PLAN, I CAN GO ON MY GUT FEELING Read More »
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 …
Do you really know how much profit you make on each and every sale? Read More »
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 …
#AskAnnette: Can I use Xero when I do Profit First? Read More »
