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Want to boost your business skills?
Welcome to our free learning center where you will find
- Quick tips
- On-demand training videos
- In-depth how-to guides
- Success stories, and much more.
Picture two successful business owners looking at the exact same opportunity. Same equipment, same price, same potential financial return. One of them should say yes. The other should say no. Both of them can be right, because financial return on investment alone never tells you whether a decisio...
Have you ever looked at your bank account and wondered why, after years in business and a phone that never stops ringing, it still feels like you are starting over every year? If that sounds familiar, you are not alone. After working with hundreds of home service business owners, one pattern keep...
Think you know the difference between profit and cash? Test yourself with Cash Flow: Two Truths and a Lie. Six rounds, three statements each, only one lie per round, and if you miss it, that lie could be quietly costing your business thousands over the years. Grab a pen, keep score, and press pla...
Would you ratherā¦
Sell $500,000 after 20% discount
Or
Sell $300,000 after 5% discount?
Check out this video to see the powerful effect discounts have on sales, profit and cash flow.Ā
Would you rather sell more or save more money? Check out this video to learn how each activity boosts the bottom line in your business.
Spoiler alert - financially stableĀ service companies require managing all three - sales, profit and cash flow.Ā
You May Also Enjoy...
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, itās common for businesses to generate ...