It comes down to 4 things: KNOWN You know where you are and where you are going. You know how to do what you want to do. You know when to ask for help and from whom. You know your why. Your Business Model is clear. You have policies and procedures in place that everyone […]
Posts tagged Financial
Bookkeeping is Changing
Bookkeeping is changing – in a big way. I was hit with that reality squarely between the eyes in the past few week. If I hadn’t been thinking so deeply about business models and customer service, I might have mistaken the incidents as the challenges of business. Take it back to the basics and what […]
What I look for right now on my Finan...
When I look at the statements for my bookkeeping company every month, I’m looking for several things: Did I make a profit? In a service business, you should pretty much expect to make a profit from the get go. What’s my gross margin*? For a service business, I like to see between 40-60%. Some business […]
March is Numbers Month
Numbers tell the story of your business. They tell of struggle, triumph, of recessions, weather, shortages and realized opportunities. Numbers are a language – a very logical one and one without emotion. We don’t see an exuberant zero or an unhappy negative. They just are. We feel emotion when we see numbers because we think […]
5 Ways to Make Your Life More Prosper...
Pile Of Fun Originally uploaded by pocketwiley Understand that prosperity is about lifestyle not money. See the picture. Making a change starts in your head. Inform the ‘Rider’; engage the ‘Elephant’; make the Path easy. See here. Know where you are; where you want to go and have a plan to get you from here […]
Cash Flow as Sleep Aid
Sleep Like A Baby Originally uploaded by peasap A good cash flow tool will help you sleep at night. More than anything, it’s money worries that wake up small business owners in the middle of the night. Following your passion, rather than taking a job means that your cash flow may be erratic. It’s better […]
Profit or Prosperity?
Pond on the Water Meadows – Winchester Originally uploaded by neilalderney123 When people say to follow your passion and the money will follow, what exactly do they mean? I have friends who are passionate about their painting and living an organic lifestyle. They may not have much money, but they have a better life than […]
Passion, Profit and Prosperity
If you follow your passion the money will follow. In some cases this is true, but in others it isn’t. What makes the difference? People who are passionate about what they do and make a profit; put effort into making their passionate pursuit profitable. It doesn’t mean they put less effort into their passion, merely […]