Starting a new business is like entering a race to profit. The goal is to pass breakeven and become consistently profitable before your cash reserves run out. This race has two possible outcomes: winning or losing. Winners make enough profit to keep … [Read more...]

If I were to ask you what is the most important financial skill you need to master to improve your ability to make more money in your business, what do you think it is? Benchmarking? Cash Flow Forecasting? Ratio Analysis? Creating Ninja-level … [Read more...]

If you want to build a multi-million dollar company, start with the end in mind and have a plan. A good way to build your business value is to start with the end in mind. For example: What do you want to accomplish? What do you need, … [Read more...]

Price hikes are everywhere. Astute managers have turned their attention to strategies to combat inflation. Stay-at-home orders of the pandemic removed workers from production in 2020 when we were already dealing with a labor shortage. Yet those … [Read more...]

How to Bust the Four Great Myths of Multi-Unit Franchising This is the fourth and final article of a series sharing some key learning from our popular CFE session, "Profitable Growth through Multi-Unit Expansion". Click here to get the prior … [Read more...]