Tag Archives: business finances
Focusing on Customer Retention is Profitable
In order to grow the customer base in your business, you should focus on retaining your existing customers as well as attracting new ones. Continue reading
Instant or Deferred Gratification?
There can be a tendency to celebrate short term business success too soon. Let’s say your business has a good month and you make a nice profit. Should you take a bonus? Should you reward yourself right away? Continue reading
Managing Your Interest Rate Risk
It seems ‘the crowd’ is assuming that interest rates will remain low for a few more years, but let’s look at the investing side of the equation… Continue reading
Rent Some Money to Make Some Money
In business, have you ever heard the saying, ‘you need a quarter to make a dollar’? Money is cheap to ‘rent’ these days. Continue reading
Vacation – Tax Deduction?
Wouldn’t it be great to take a winter vacation and get a tax deduction too? The first person to convince is your tax advisor and the second review could be by the income tax authorities. Here are some tips to assist you. Continue reading
Discounting Your Price or Value Add?
If you give someone a ‘deal’, you could sell more than if you didn’t – But instead of giving a discount on price, have you considered adding value instead? Continue reading
Increase Profits by Learning to Say ‘NO’
Some business owners have trouble saying NO for various reasons, and this often costs them financially. Learn how to increase profits by saying, ‘NO’! Continue reading
A Simple Solution to Small Business Cash Management Problems
I was talking yesterday with a client who I consider to be the best at collecting money as a small business owner. Quite a few years ago he actually went to jail trying to collect money from one customer because he tipped a desk over on him! Continue reading
Improve Employee Productivity with the Right Tools
“You need to spend a quarter to make a dollar”. This is very true when it comes to equipping your employees to be productive. In this article Paul Foster, The Business Therapist, provides 2 examples of increasing employee productivity. Continue reading
How to Increase Profits Easily in Your Business
Every business has some ‘low hanging fruit’ to pick. There are ripe profits stuck between the leads your business generates and the actual revenue dollars you convert from these leads. There are many reasons that many of your leads did not become sales. Continue reading