5 KPI’s to Measure the Productivity of Your Business

I’m a big believer in managing your business using your balance sheet first, then your income statement.   However, simplifying that by using KPI’s (key performance indicators) can help you get a quick view of your financial landscape and determine your financial health at a glance. Here’s 5 KPI’s that every business owner should use. These…

What Would Rockefeller Do? 7 Tips to Run Your Business Like a Billionaire

John D. Rockefeller was a famous industrialist and philanthropist. He founded Standard Oil Company and became the world’s richest man controlling 90% of all in the US at its peak. His fortune at his death was $23 billion in today’s dollars. He was also well known for his generosity and donated over $500 million to…

Teaching Financial Statements to Drive Performance: Part 1 The Balance Sheet

We believe it’s critical for every business owner to know how to manage money once it’s in the business rather than just making sales. And it can be even more impactful if all employees are empowered to know how the decisions they make affect the bottom line and top line of the business. In order…

5 Steps to Prepare for Selling Your Business

You’re busy running your business and all of a sudden you get a phone call from a potential suitor that is interested in buying your business. You’re flattered, intrigued, you might even consider selling.  But what’s the value of your business? How do you structure the sale? What’s going to be your tax liability? What’s…

Why Your Balance Sheet is More Important than Your P&L

Many business owners look at their profit and loss statement and determine if they’re profitable or not.  How is revenue tracking against last month or last year?  Any changes in gross or net profit margin?  If I’m making money then everything must be ok.  There is some validity to that way of thinking.

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