How Effectiveness, AKA Doing the Right Things, Leads to Profitability
Listen, there’s a correlation between effectiveness and profitability. A powerful one, at that. First, let me define some terms that frequently get mixed up. Effectiveness means doing the right things, which is different than efficiency, which means doing things right. Our discussion today is about effectiveness. Specifically, how doing the right things and profitability are […]
Advantages to Paying Yourself a Steady Salary as an Entrepreneur or Business Owner
Here’s the problem. A lot of times, as a business owner, there’s a lack of consistency in what we earn from month to month. This causes stress, as well as confusion, in our personal lives. It’s tough to plan ahead, and that becomes very difficult to deal with. Another problem is that if we don’t […]
What Football Can Teach Us About Winning in the Game of Business
Imagine for a moment that you’re at your favorite sporting event, whatever that may be. Now, imagine arriving there and the game’s already going on, but then you realize that they’re actually not keeping score during the game. How frustrated would that make you? How much less of an enjoyable experience would that be? This […]
So Your Business is Finally Profitable, Congratulations! Now What?
This post is specifically for business owners who have recently started to become very profitable. Maybe you have been struggling with your business, or just plodding along for a year or two, and you’re just now starting to make an excellent profit. The question is, what do you do with all that profit? Here are […]
Not Making Enough Money? Think About Reevaluating Your Line of Products or Services.
Our post today is going to be very beneficial to you as a business owner or a leader in the small business community. One problem we hear all the time is that people (especially professional salesmen or business owners) are simply not earning enough income. That’s a problem many of us have and will face […]