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Why Running Your Business by Your Bank Account Is Dangerous

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...

Understanding Cash Flow Drivers and Why Cash Flow is Different than Profit

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...

Understanding What Drives Profit and How to Manage It

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...

How to Grow from the Worker Bee to Queen Bee of Your Business

by Bruce Beaumont | Jan 6, 2022 | Leadership

This article was written to answer a very common question: “How do I become the CEO/leader of my business after I’ve been wearing all the hats for so long, and how do I know if I’m doing the right things?” I won’t mislead anyone –...

Recent Posts

  • Story: 30% Revenue Decline – To Panic or Not to Panic?
  • Worried about an economic downturn? Focus on your gross profit.
  • Focus on What Matters
  • Why Running Your Business by Your Bank Account Is Dangerous
  • Understanding Cash Flow Drivers and Why Cash Flow is Different than Profit

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