Profit

Every entrepreneur stumbles sooner or later with the question of what they should be paying themselves. It is a fair question and one that you shouldn’t ask without doing a...

Okay, here’s your history lesson for today … with a practical application to your business, of course!  In 1906, an Italian economist made what seems like a simple observation, but...

The premise of my newest book, Profit First, is to take your profit prior to expense. Ahem - take your profit first. I am eternally grateful for the emails that...

When I’m consulting with clients looking to invigorate and grow their businesses, one question I often ask is: “Who’s your most valuable employee?”  They inevitably give me the wrong answer....

I’ve sold two companies, and the sales were vastly different experiences, with wildly different results.  When I was approached about the sale of my first company, I wasn’t looking to...

The formula for profitability has been established for ages. Every business owner, CEO, freelancer and entrepreneur knows it. It is even supported - scratch that, required - by Generally Accepted...

You know this... there is no free lunch. Inevitably there is some kind of expense. If it’s not your wallet, it’s your time. Another way to look at FREE is...

The GAAP formula has been around for ever: Sales - Expenses = Profit. Too bad its wrong. The formula rarely results in profit, and by using this formula most entrepreneurs...

My newest book, Profit First, shares a money management system that leverages human behavior. Traditional accounting is logic based. It makes sense, logically. But us humans aren’t logical beasts, we...

Tax season always seemed a little bit like Christmas morning to me. Not! I hated the tax season surprises. Additional taxes due. Surprise. No refund. Surprise. And the worst of...