by Peter McCarroll | Nov 13, 2023 | Uncategorized
Great question!! And it can be a complex one too… There are two considerations that must be factored in: What are you worth as an employee of your company? If you needed to hire someone to do all the work you do, how much would you have to pay them? I’m certain it...
by Peter McCarroll | Oct 30, 2023 | Uncategorized
Excuse me for being obvious. If you ride a rocking horse long enough, you’ll end up creating a rut from repeating the same motion over and over. In other words, things that don’t change stay the same. And over time, inertia makes it more and more difficult to change....
by Peter McCarroll | Oct 25, 2023 | Uncategorized
The famous economist Milton Friedman once once made this observation. This article is all about understanding how to make your business system function more effectively from a cash management point of view. There is no way we can make a pencil. Why? Well silly, think...
by Peter McCarroll | Oct 16, 2023 | Uncategorized
Sometimes it’s cheaper (or you have no choice) to pay for recurring expenses (such as insurance or software subscriptions annually rather than monthly. Now this can mess up your cash flow a bit, but if you plan it right you can get both the savings and a smooth cash...
by Peter McCarroll | Oct 9, 2023 | Uncategorized
If you’re involved with our Profit First Cash Management System (PFCMS) you’ll recognize why we are asking this question. PFCMS is intended to make sure you have the right amount of cash, in the right place, at the right time. When it comes time to make tax payments,...
by Peter McCarroll | Oct 2, 2023 | Uncategorized
The rest if you can also read it if you’d like…) So you think you have this sales and marketing stuff figured out? Allow me to challenge that assumption. Here are some things to think about: Customer Attraction: Why would they want to talk to you in the first place?...
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