I got to talk with none other than Mike Michalowicz, the genius behind Profit First, and bestselling author of the book with the same title. You can watch our conversation here: The Profit First Backstory Profit First came out of Mike’s own desperation. It’s a solution he needed for himself, and it’s a solution you can use for your …
The coronavirus 2019 has been cruel to humanity for the past few months. It has forced the world into a screeching halt. People’s lives were changed in just a span of a few weeks, and millions of people are now affected by the said virus, businesses are becoming insolvent. As the world stopped, though, another …
Maybe you’re finding yourself swamped with new clients, and you cannot refuse new ones who want to get on board. This issue is a beautiful problem to have as an entrepreneur. One of the ways to address this is by increasing your price. Your new price would act as a filter that would sift through …
Would you believe that most companies fail in the introductory phase not because of the lack of business activity but rather because of disproportionate or inappropriate spending? When you first open a business, whether online or offline, a considerable amount of time, effort, and money must be spent to grow it. However, it’s also important …
Hiring one or more talents could be one of the most challenging decisions a business owner has to make from time to time. However, it doesn’t have to be. As long as you are clear on your current financial position, the vision you have for your business, and the future financial projections, you will be …
A money leak means money that goes out of the business that is unnecessary. While these spendings may seem small and insignificant, once they add up, the amount of money spent is actually significant. This step by step guide may help a business owner systematically eliminate money leaks. How to Identify Money Leaks 1. Pull out all the …
Recessions are an unpredictable and deadly phenomenon for most businesses. No matter how economists predict it, downturns can come swiftly to sweep us at our feet, crippling our businesses without even having time to prepare for the market crisis. With everyone panicking to find a quick fix, entrepreneurs may find themselves at the forefront of …
When you pick out the insides of successful companies, you will find that they have one thing in common: a foolproof system established since they started from scratch. While every venture and industry is different, a dependable system is always an ingredient for success. Whether it is a systemised workforce, business operations, or customer service, …
Are you feeling frustrated because you are not generating enough income? Or maybe, you are wondering why a 6-figure business like yours is still not earning you enough money to take home for the family? Before you throw in the towel and decide that your business is a failure, hear this out. Is Your Business …
One of the biggest challenges of running your own business is keeping off the “red.” This struggle is particularly evident in startup companies as new proprietors are likely to expend a whole lot of effort trying to stay afloat during the introductory phase of their business. Running an entire operation when you’re still in the …
