One time we were reviewing a list of all the credit card charges for my business and I noticed something interesting…Some services charged fixed fees of $50 per month, $100 per month, or even $500 per month. For other services, some no more valuable to us than the others, the fees scaled with usage costing us up to $5,000 per month for some. What was the difference? We paid for …
For any type of business, here are three things you can do to improve your business today: 1 – Implement a Daily Cash Report It’s good to look at longer-term financials after the end of each month, quarter, and year. It also helps to have a daily pulse on your business. The best tool I know for this is a daily cash report. I have our financial manager send me …
Owning a successful business is the best path to wealth. However, not all businesses are created equal. To determine the right kind of business, let’s work backwards. We want a business that produces consistent, growing cash flows for us every month for years and requires zero time on our part. We also want one we can start now without a large amount of money. Here’s what that requires: Low startup costs …
Most time management advice on the Internet and in books comes from professional writers. If your job is anything other than writing for a living, a lot of their advice is worthless. My primary job is to build businesses. Though sometimes I want to, I can’t sit alone in a room for weeks and be productive. I need to work with others to achieve my goals. I’m sure you do …