Category: Business Blog

Determine your own system for when you should drive revenue and when you should cut costs. This takes some time and some trial and error, but the benefits of knowing this formula will last the lifetime of your business. Driving revenue and cutting costs are often competing virtues, but both are levers to improve profitability.… Continue reading Day 17 of 31 Days to Freedom in Your Business

Yesterday was tax day.  Is this the opposite of Christmas in July?  Especially when it is a combined Q1 & Q2? I’m not a tax expert (deliberately, so that I never give half baked advice), but I am an expert on handling expenses in a pre-planned prudent way. I know how to make tax day… Continue reading Day 16 of 31 Days to Freedom in Your Business

Don’t Carry Credit Card Debt. I mean, you already know this.  But, either you can pay for it or it can be capitalized over many years (& therefore could be financed). I’m not suggesting that you need to pay cash for a forklift.  I’m suggesting that you shouldn’t be working to pay for March’s latte… Continue reading Day 14 of 31 Days to Freedom in Your Business

Prioritize an Emergency Fund. This is part of that Financial Roadmap stuff I have been talking about.  You are on the road to success for your business, and you get a flat tire.  You can’t move forward until you have dealt with that, obviously.  If you don’t have the money to fix the flat, you… Continue reading Day 13 of 31 Days to Freedom in Your Business