What Causes Cash Flow Problems
Most small business experience cash flow problems at one time. But what really causes a cash flow problem? Accountants tell you not enough cash coming in the business for what you’re spending causes cash flow [...]
Increasing Revenue – Are You Applying the RIGHT Strategy for Your Situation?
Is your business goal or one of the objectives this year increasing revenue? Notice I said “revenue” not “sales.” Small business owners often use these terms interchangeably. They are not the same! Increasing sales is [...]
Increasing Profitability So It Sticks!
How to Strategically Increase Profits in Your Small Business In writing this post I did some research. What I found when searching “increasing profitability” was very disheartening. Why, you might ask? Because everything was a [...]
Operational KPI’s Drive Profitability and Business Growth
Business profitability and growth not where you expect? If the only operational KPI’s you review are on your financial reports, then you don’t have the control necessary to influence your business’ performance, resulting in decreased [...]
Monitoring Business Performance Means More Than Reviewing Your Financials
How do you keep the pulse of your business? By monitoring business performance so that you successfully achieve your business goal, and you must do it religiously. We know most owners don't do their financial [...]
Use Business Metrics to Become Proactive with Your Revenue!
Are You Watching the Wrong Business Metrics? When you come to the end of the quarter are you watching the right business metrics? Smart businesses begin by looking at their revenue to see if [...]
Poor Cash Flow – 5 Things Cause It!
Poor cash flow is a critical concept that many entrepreneurs don’t fully understand. I believe this is because they usually hear about it from accountants that try to explain it in accounting terms. Poor cash [...]
2 Things Can Kill Your Profitability
If your profitability is not where you want it, then only 2 things can be causing it – either you don’t have enough revenue and/or your expenses are too high! [...]
Is Your Revenue Underperforming?
Do You Know Why You have Underperforming Revenue?Many entrepreneurs jump to the conclusion that if they have underperforming revenue it must be a sales problem. While more times than not this is the case it [...]
Maximize Revenue by Selling Your Excess Capacity
A few posts back you learned a quick and easy way to calculate maximum capacity. You saw how maximum capacity is critical to planning your sales as it tells you how much is [...]
Knowing Your Operational Capacity
Avoid Blowing Your Revenue Engine - Visiting Your Operational Capacity Many small to medium sized businesses struggle increasing sales because they don't know their operational capacity. When I ask "how many more sales do [...]
Understanding Cause and Effect: What Do You Measure?
Making changes in your business to improve performance is a great idea, but where should you start? That is a great question, however the problem is business owners and managers don't have the right information [...]