Blog
You CAN go broke making a profit!
Businesses fail because of lack of cash not lack of profit. Its not a profit until the cash is in the bank. Obviously it's important for your business to be profitable and you should focus your attention on making your business profitable. However, if you focus on profit and neglect to focus on cash flow this may be causing your business solvency...
3 Stages of Financial Intelligence
The difference between businesses that fail or struggle to survive and businesses that are successful is their level of financial intelligence. There are 3 stages of financial intelligence in small business 1. Start Up: Focus on Sales When a small business starts it will focus on trying to increase sales as fast as possible. Unfortunately, many...
Are there holes in your cash flow bucket?
I was watching a program on television with my son called Escape from Scorpion Island. It's a survivor type of program but for kids. The children were divided into two teams and had a challenge to take. The teams had every right to be motivated to win the challenge because the prize was to be set free from the island. Here's what the challenge...
Is your business chasing the wind while ignoring the pain…
Sunday morning is your favourite time of the week. Every Sunday you go down to your local coffee shop for breakfast and to read the paper. However, just as you are heading out the door the phone rings. You answer it. "Hi, I have just called to inform you that if you come down to Generous Joe's shop within the next 30 minutes you could win $100....
You don’t have a business, you have a brand
Your customers don't see your business; they don't really care about your 'mission'; they feel the experience of dealing with your enterprise and they think brand. Your brand is not just your logo and tagline. If the sum of all the interactions, thoughts and feelings of the brand form the perception reality of the brand, then ultimately every...
5 differences between cash flow and profit
Here is a brief overview of the differences between cash flow and profit. Cash flow is a measure of money coming in against money going out. Profit is a measure of income against expenses. Cash flow has a direct impact on the amount of cash in the bank. Profit is a book entry and not money in the bank. Cash flow is all about timing....