by Bruce Beaumont | Jul 7, 2022 | Business Owner, Finance, Story
Until 2 days ago, my plan for this weeks’ newsletter content was an article about 4 paths to grow profitability in a small business. That was the plan and then I had a meeting with a customer who just lost 30% of their revenue due to customers canceling their...
by Bruce Beaumont | Jul 7, 2022 | Business Owner, Finance
The below article was sent in our small business owner newsletter and due to the popularity, we’ve decided to create a permanent post on the topic. At the time of this writing, there was mass concern the US economy was heading into a recession. The topic of...
by Bruce Beaumont | Mar 3, 2022 | Business Owner, Finance, Leadership
Here’s why its a problem A phrase we frequently hear from small business owners is, “I’m tired of running my business by the bank account balance.” Managing your business by the bank account balance is a dangerous place to be. First, this means you have no real...
by Bruce Beaumont | Feb 24, 2022 | Business Owner, Finance
We have discussed revenue and profit drivers so it’s time to discuss the third and final set of drivers you need to understand to manage your business – cash flow drivers. These are possibly the most important to survival. If you missed our article on the...
by Bruce Beaumont | Feb 3, 2022 | Business Owner, Finance
Before getting started, as a ‘prerequisite’ to this article, you should check out our article on the 5 revenue drivers if you have not already done so. Here’s the link. I have yet to meet a business owner who did not want to improve their profits, either through...
by Bruce Beaumont | Jan 27, 2022 | Finance, Revenue
Here is a 2-minute lesson on how to increase profit through pricing, and why you shouldn’t be afraid to raise prices! Underpricing your service is a common issue with many small businesses, especially new business owners. (We talked about this here…see...
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