Posts Tagged ‘profit’
Your Sales are Stuck at $3 to $5 Million, and What to Do About It
Sales Growth Comes to a Halt I recently read that there are nearly 23 million small and medium-sized businesses (“SMBs”) in the US. Those businesses represent the core of the US economy, producing more than 50% of the nonfarm private gross domestic product. They also employ half of all private sector workers. But after four years,…
Read MoreYou Can Only Manage What You Measure
For many small and medium–sized businesses (SMB’s), there is a stark disconnect when it comes to truly understanding the cost of product/services. Specifically, the disconnect comes into play when tracking (or not tracking) labor costs. Many companies purchase raw materials and/or components, assemble finished goods, and then erroneously determine their costs based on those inputs…
Read MoreWhy do you need a CFO?
“I will often ask ‘how much in additional annual sales do you think you could you bring in if you were to free up an extra 8 hours per month?’ Maybe $100,000? Maybe a million dollars? Maybe more?”
Read MoreHow a start up can survive in Petaluma?
“The rate varies by industry, but on average, 75% of start ups will fail by the 10th year of operations. With these high-powered individuals at the helm, why do so many start ups fail? More importantly, what can you do to avoid the high probability of becoming startup “road kill”?”
Read MoreTips for profit growth in Petaluma – Part II
Profit growth, business improvement, sales
Read MoreTips for profit growth in Petaluma – Part I
“You work very hard in your business and you should end up keeping at least 10% of what you sell as profit. Who wants to work as hard as you do and keep less than 10%?”
Read MoreDomination!
My son Kenny is a freshman at Sonoma State which sponsored an Ultimate Frisbee tournament this last weekend. If you are not familiar with Ultimate Frisbee, think of a passing league football game played with a Frisbee instead of a football. Included in the competition were the likes of UC Berkeley, Stanford, Cal State Humboldt, and other colleges. Kenny…
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