Practical Profit in Small Business | Up and to the Right | Episode 047

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Livestream RecordingListen & Download Show Notes Profit is often heard as a four letter word. As small business owners that want to offer products and services that create a lasting and positive impact in the lives of our customers as well as our own… we have to get comfortable with profit. Profit is not something you take from your customers. Profit is the consideration you are given for the improvement of your customer’s lives over the cost of having done so. That value can come from the creation of a product from raw materials, the delivery of a service or maybe even in offering a product in a location. In this episode we’re going to talk about establishing an appropriate profit margin for your business that you will be comfortable with as an owner, which fits into the goals you have for your business and is going to meet the expectations of your most ideal customers. You might want to refill your coffee now! Let’s get comfortable with profit! Read More

Cash Management Principles for Small Business | Up and to the Right | Episode 046

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Livestream RecordingListen & Download Show Notes You’ve heard that statistic that 50 percent of companies go out of business within five years… well an article by the National Federation of Independent Businesses (NFIB) 82% of those failures can be attributed to cash. The role of cash in business is often underestimated and misunderstood. Let’s get liquid! Read More