Profitability

Five Steps to Start Implementing Profit First in Your Small Business

Have you ever bought a book with the intention of reading it? How about knowing the book had a system to transform an aspect of your life and it’s sitting...

A Profit First Myth -Spreadsheets

There are a lot of myths around Profit First. Some folks like to say you don’t need the five foundational accounts, that no bank will open such accounts, that no...

Taxes and Profit First – Tips About Taxes From a Profit First Professional

Taxes can be intimidating and overwhelming for business owners - but they don't have to be. As an entrepreneur, you need to understand the different types of taxes and...

Four Ways to Help Your Small Business Meet New Client Demands

There are few industries that didn’t experience a survival mode moment during the pandemic. Some small businesses were able to pivot and thrive while others shuttered their doors or downsized....

Scale Your Small Business Through Speaking Events and Writing Books

Over the last decade, thought leaders and small business coaches have been on the rise. If you’re like me, you may be inundated with emails and ads for TED talks,...

Resetting Business Goals in the New Year – The First Step

This week, my company will hold a quarterly meeting. It usually lasts all day, during which time we discuss our achievements, and challenges Usually, we all come in revved up...

How to Give in Your Business Without Hurting it

It’s the season of giving. As I contemplated what areas I want to be generous in, I had a realization.  There’s a right way and a wrong way to...

Become an Industry Expert and Scale Your Business – One Simple Step

There’s an easy way to scale your business. And it’s fast, easy and free.  Practice.  “Aw, Mike. Yawn.” I know, but hear me out. Literally, from one of my...

Diversifying Your Offering

Business check point: Are you diversifying your offering, or diluting your company’s impact? When the pandemic hit, business owners were diversifying and pivoting all over the world. The need...

Build a Profitable Business – By Standing Out

I think the common thing that entrepreneurs get wrong is that we think we need to do all the things.  Reality check: You only need to do one thing....

Build a Profitable Business – By Standing Out

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I think the common thing that entrepreneurs get wrong is that we think we need to do all the things. 

Reality check: You only need to do one thing. And better than anyone. 

Like really well.

Because you don’t want to be a jack of all trades in all things, you want to be an expert in one thing. 

You want your company to be better than the others. When people have a critical decision in life and have to hire someone to help move them through a challenge or opportunity, that decision will be ranked based on how qualified you are, and your experience in their one need. They will want the most qualified person. The expert.

Expert tip? Don’t water your skills down or dilute your service offering by having too many to choose from. 

Look at what your “est” is, what you’re “the most” at. Do you respond and service the fastest? Are you the most mindful? You become qualified as an expert when you’re the world’s best at one thing. 

I challenge you to be or become the world’s best at one thing, and I suspect it will dictate an income accordingly. 

Let me know what you choose!

You’ve got this.

-Mike

For more on your “est”, check out the Get Different resources here.