Ship Deliver Complete Cash won’t flow until you do the work. This week, focus on completing jobs and getting paid for them.
Posts tagged Financial
Turning on the Cash Faucet
In our pixelated workshop we learned that money is a representation of value. Money, in and of itself, does not give you anything. You can trade it for things you want. Getting more money is only one way of getting things. Other ways are: Not needing them Trading Making or doing it yourself Not Needing […]
Turning on the Cash Faucet – Ac...
I do the work, send an invoice and expect to get paid. That sounds fair to me. Sometimes it just doesn’t work that way. For whatever reason, the cheque doesn’t arrive in the mail the next day. That’s when a process for AR is needed. I’m going to tell you the textbook way to do […]
Hiring
When hiring, I’m supposed to consider: The new people should have the skills to do the tasks Their strengths should complement what’s already in the company I need to be able to assess their strengths I need them to be able to work on their own I’d like them to be a part of the […]
Productive and Super Productive Time
Productive time is spent building your business, marketing and working on billable tasks. Super productive time is spent creating systems that will bring you money and do your marketing without you having to be there. For instance you can bake pies for your shop, or you can hire and train others to do […]
Bookkeeping Manifesto
I live and breathe bookkeeping. Accounting is almost my first language – my first year english professor at Dal was convinced English was not my first language, and maybe he’s right. Not everyone does. A large component of my business is training people how to do their bookkeeping. But, I also I hear from people […]
Accounts Receivable
Getting work is the goal of every business, but even more important is getting paid for that work. There’s been much talk lately about how the economy is taking a downturn. This seems to cause many people to try and hold onto their money for longer, meaning they are paying their bills more slowly. Not […]
March’s theme is Pricing
The first quarter of 2007 is dedicated to business money. January we looked at other ways to bring in money to our businesses. February we looked at cash flow – increasing it and this month, March is about pricing. There are 2 mistakes many business owners make about pricing. 1 They don’t calculate all their […]
March 7 Pricing for Success
Pricing is not just about covering your costs and making some profit. Don’t get me wrong, it should at least be that. But it can also be a very important part of your marketing strategy, your business growth strategy and your wealth strategy. There are 3 important considerations for pricing: Cost Plus Make sure you […]
