Teaching Financials to Drive Performance: Part 2, The Income Statement
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Teaching Financials to Drive Performance: Part 2, The Income Statement

Every business owner has a big vision for their company and wants to make it happen. However, when the owner is struggling with making the company bigger, they often get confused or frustrated that it’s not happening. They didn’t teach you how to grow your company in college and there’s no on-the-job training when you’re…

Teaching Financials to Drive Performance: Part 1, The Balance Sheet
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Teaching Financials to Drive Performance: Part 1, The Balance Sheet

Every business owner wants to make more money and maximize profits. The problem is that many business owners don’t know how to manage the finances of their business or what levers to pull to improve overall profitability.  One of my business owner clients put it like this: “I never had a problem making money. Revenue…

What You Really Need to Know About Changes in Leverage
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What You Really Need to Know About Changes in Leverage

COVID-19 was public enemy #1 last year, wreaking havoc on businesses across the country. Business owners were faced with declining revenue, operating losses, and layoffs. Many business owners who had never been through a recession before were devastated, overwhelmed, and anxious as they dealt with cash flow issues they had never faced. They weren’t sure if…

What You Really Need to Know About Changes in Profitability
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What You Really Need to Know About Changes in Profitability

It’s time to say goodbye to 2020!  It’s a new day and a new year. If COVID taught you anything, it’s that when a business is in crisis mode, it often goes undetected for a while. Through no fault of their own, many business owners either lost control or felt out of control when money…

I need more money in the bank. What do I do?
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I need more money in the bank. What do I do?

Every business owner wants to have more money in the bank.  You’ve been bleeding cash during the pandemic. Now your PPP or EIDL money is gone. What do you do? The problem is you may have been bleeding cash. How do you get to breakeven? If you’ve lost cash from the pandemic, how do you…

The 3 Minute Read That Will Make You a Financial Genius
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The 3 Minute Read That Will Make You a Financial Genius

“It’s all about the numbers.” I interviewed a business owner client recently and this was his quote.  Over the past 10 years, he developed a command of his financials.  He knew what was going on in his business by having an understanding of his numbers, what the changes were, and what to do about it….

ProfitSense with Bill McDermott, Episode 3: Ken Madren, PermaTherm Inc.
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ProfitSense with Bill McDermott, Episode 3: Ken Madren, PermaTherm Inc.

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text] ProfitSense with Bill McDermott, Episode 3: Ken Madren, PermaTherm Inc. On this edition of “ProfitSense with Bill McDermott,” Ken Madren, CEO of PermaTherm, discusses the importance of managing by the numbers, maintaining a strong company culture, and much more. “ProfitSense with…

What Are Your KPIs Telling You About Your Business?

What Are Your KPIs Telling You About Your Business?

KPI’s, Key Performance Indicators, can change based on what management is looking for our in their performance. The consequence of focusing on certain performance indicators can easily cause a business owner to get more granular in their focus or the positive result in a management change in another. Here’s two stories of how this might…

4 Ways to Measure the Health of Your Business
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4 Ways to Measure the Health of Your Business

Last week we talked about working on the business. Moving your business ahead may require that you step back to gain a healthy perspective. Delegating tasks to others who are equally or more talented at accomplishing them will free up your time to working on marketing, new business opportunities or maybe even a company acquisition….

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