The language of business is numbers and processes, so it makes sense to teach your employees how to speak the language. But, pulling back the curtain and sharing numbers with employees can be scary.

Instead of sharing your balance sheet and income statement with everyone, start with one of these hi...

Overview

Most employees believe their company’s net profit is 36% when the average across 212 industries is only 6%. Employees don’t know how much it costs to operate a business, because they have never owned a business. Employees rarely know the difference between revenue, profit and cash.

Do you...

Overview

The Who’s responsibility is it to __________? training activity is a great way to spark a conversation around a process. Too often employees do not understand how they affect the entire business cycle. It’s your responsibility to teach your team how everyone contributes to the success of t...

Overview

The True Cost of Payroll training activity is a great way to teach your employees how to read their pay stub and understand how much cash the company needs to make payroll.

Don’t assume all of your employees understand how to read their pay stub. You’ll be surprised by how many do not kno...

Unfortunately, this happens more often than you might think. Business owners and managers enjoy watching revenue soar but shift the focus to generating new sales instead of making sure all of the cash generated by the business is used wisely and collected on time.

First, it’s important to understan...

Revenue, profit and cash are all needed to operate a healthy business. But they are very different numbers and tell different stories about your operations.

In the perfect world, your Revenue, Profit and Cash balance will grow at the same rate. Unfortunately, it’s common for businesses to generate ...

It depends.

If your business is a C Corporation, then the answer is easy – Yes. The company pays income taxes directly to the IRS and state. The business will issue a check made payable to the IRS for the amount shown on the business tax return – IRS Form 1120.

For all other companies, the answer ...

Easy…invest more time in your hiring process.

I get it… it’s difficult to find great candidates so the thought of slowing down your hiring process may feel scary.

The reality is you’ll invest the time one way or another…either on the front end to ensure you hire the right person, or on the back en...