There’s a problem I see over and over again with business owners like you. Too often I see businesses that appear to be doing well and one day they close their doors and disappear from the world. This is something you likely don’t want to have happen in your business. There is one simple reason why this happens. That reason is the topic of this week’s video and it’s one that if you don’t learn could lead to really unhappy experiences in your … [Read more...]
Profit Is A Result, Not A Purpose
I’m really sick and tired of hearing that the purpose of a business is to make a profit. If that’s the purpose of a business, then that would mean the purpose of me doing business with your business is for you to make a profit. Does that make any sense at all? In today’s video we’re going to talk about why profit is a result and not a purpose. We’ll also be talking about the real purpose of a business….and that is to provide a product or … [Read more...]
Cash Flow Statement: What It Is & How It’s Put Together?
You know, several weeks ago I did a couple of videos on how to create excess cash in your business. During these videos I talked about a thing called the cash flow statement. And since I put those videos out, I've gotten lots of questions from folks about what a cash flow statement actually is, and how to use it. Now, that's what today's video's all about. It's about what a cash flow statement is and how it's put … [Read more...]
What Is Cash Flow From Operations?
If you've read any of the stuff I write about cash being king in your business, you've also heard me talk about the term cash flow from operations. A question I often hear is what is cash flow from operations. So the easiest way to look at whether you're creating cash or you're using cash is just to look at your bank balance. Now, if your bank balance is growing, you would think you have cash and if your bank balance is shrinking, you would … [Read more...]
Should You Become A Benefit Corporation?
I bet you're a business owner who has created a great business where you and your business do amazing things. I also bet that you wish there was a way the world can know about all the wonderful things your business does for your employees, your community, and the planet, for that matter. Now, what if I could show you a way where you would have proof that you're doing the great things you know your business does. In this video, we are going to … [Read more...]
