Profit & Loss Statement: How do you Measure Up?
As a small business owner, how do you measure up in terms of revenue, expenses, and net income?
Are you able to quickly answer these questions:
- How much did you earn in sales last week?
- What is the monthly cost of running your business?
We Need to Talk: How to Successfully Handle Difficult Workplace Conversations
Difficult conversations.
If those words make you squirm a little, you’re not alone!
Conflict avoidance happens all the time – sometimes we change the subject, put off a discussion until later, or simply decide not to bring up the real issues. However, healthy conflict is necessary in all relationships.
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Owner’s Equity Time Lapse
In previous posts, we brought the balance sheet into focus and then adjusted our aperture to focus on three important balance sheet analyses. Now we’ll take a closer look at one of the main sections of the balance sheet – Owner’s Equity.
Think of owner’s equity in terms of a time-lapse.
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2020: The Struggle Makes You Stronger
As we prepare to turn the calendar, I think we can all say that 2020 has been a unique and challenging year.
Many of the small businesses we know and serve spent much of the year in survival mode. Their primary focus was often trying to generate enough sales to pay the bills to keep the lights on.
Adjust Your Aperture: 3 Balance Sheet Analyses to Focus On
When we discussed the basics of a balance sheet, we likened it to a snapshot of a company’s financial position: what a company owns and owes at a particular point in time.
The most important element of a good photo is the ability of the photograph to communicate with the viewer.
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Say Cheese! – Bringing the Balance Sheet into Focus
The Balance Sheet provides a snapshot of a company’s financial position – what the company owns and what it owes – at a particular point in time, often at the end of a month, quarter or year.
Business owners, investors, and lenders use the Balance Sheet to assess a company’s financial strength and capabilities.
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Once You Stop Learning, You Start Dying
“Once you stop learning, you start dying.”
We’re not aiming to be morbid with this quote by Albert Einstein. However, it illustrates the danger of becoming stagnant in our quest for learning and complacent in thinking that what we know right now is enough.
Over the course of this year,
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10 Low Cost, High Benefit Ways to Appreciate Employees
These are challenging times for employers and employees alike.
For most, the last several months have been anything but “business as usual.” Employers are putting in extra hours to adapt to government regulations and changing work environments. Employees are either working more or working less, along with balancing changes in their personal lives.
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Top 4 Mistakes Made by Employees and Employers
Mistakes made by employees, as well as employers, can cost a business in many ways.
We’re not talking about expecting perfection here. We’re talking about repeated negative behaviors that, left unchecked, can have a profound effect on a business – employee morale, as well as the bottom line.
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Protect Your Mental Health
With the outbreak of COVID-19, we understand how critical it is to protect the physical health of ourselves and others. Are we also considering how vital it is to protect our mental health?
We know that our mental health has a huge impact on our overall well being.
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