“Ask The Profitability Coach”- Celebrating 50 Episodes of ProfitSense
Hear The Profitability Coach in action and get answers to some of the most common questions asked by business owners!
3 Essential Steps to a Successful Business Exit
A successful business exit can be a complex and daunting process. There are many factors to consider, such as the value of the business, the best way to sell it, and how to ensure a smooth transition. That’s why it’s essential for business owners to consider following these three major steps. One of the best…
The Liquidity Rule Every Business Owner Should Know
Every business owner understands that cash/liquidity is critical to running our business. But, knowing how much cash is needed leaves many business owners confused, frustrated, and sometimes losing sleep. It takes a guide to help us know how much cash is needed. Often, we hire an accountant or controller to keep track of cash. Some…
Liquidity Traps to Avoid
“Gazintas”? What is that? “Gazinta” is what I call a “goes into” and your balance sheet is full of them. Your balance sheet is dynamic, not static, and a “gazinta” indicates a change in your balance sheet and the reason. Cash going down “goes into” receivables going up or purchasing equipment for cash or funding…
Profitability = Viability
Every business owner wants to increase profitability. But many CEOs/business owners don’t know where to start or what to do. Business financial literacy classes are something that many of us didn’t take in school and there’s limited to no on-the-job training to help you get there. Every business owner deserves to have a business with a…
Are You Accidentally Making These Common Financial Mistakes?
Every business owner wants to maximize cash flow and profitability. But I’ve found that while business owners are excellent at their craft, they often struggle to understand and manage the financial side of their business. They don’t know where to start or what to do. This leads to making common mistakes that when left unchecked,…
Is Your Business Suffocating?
Cash is to a business what oxygen is to a person. A business can’t “breathe” without it. 80% of businesses fail within the first 5 years in business and the number one reason is a lack of cash (capital). But the lack of capital is not the cause. Many businesses need sufficient cash to figure…
Is Your Business Scalable?
Every business owner wants to maximize profitability and cash flow. But, many owners don’t know where to start or what to do. Confusion sets in. Which levers do we pull to improve profitability and cash flow? The uncertainty leaves many confused, frustrated, and sometimes paralyzed. It shouldn’t be so hard to manage a business. Many…
Have You Outgrown Your Management?
Every business owner wants to build their company with big profits and good cash flow. But when it comes to how, many owners don’t know where to start or what to do leaving them confused, frustrated, and sometimes overwhelmed. There are only so many hours in the day. Every CEO/business owner deserves a growing business that…
ProfitSense Episode 44: Beth Miller, Executive Velocity & Eric Handler, Handler
On this episode of ProfitSense, host Bill McDermott welcomed Beth Miller, President and Founder of Executive Velocity, and Eric Handler, CEO of Handler. Beth discussed how Executive Velocity develops leaders, the challenges of succession planning, coaching as a care leadership skill, and much more. Eric talked about Handler’s uniqueness in the market, its values and purpose, its…
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