by Patty Lawrence | Profitability
“Profit is the most important ingredient in business. It’s the same with a person’s life—you’ve got to have profit in your life to grow.” -Warren Buffett Understanding the profitability of your work is essential to ensuring...
by Patty Lawrence | Cash Flow, Profitability, Strategy
Feeling Overworked and Underpaid? For many entrepreneurs, the dream of running a successful business can quickly turn into a nightmare of long hours and little profit. If you’re working tirelessly but not seeing the financial rewards, it may be time to rethink...
by Patty Lawrence | Cash Flow, Profitability
Have you ever considered that your business might be hiding hundreds of thousands of dollars in profits? Not loose change in the sofa cushions, but substantial sums waiting to be discovered. But why is this money hidden? As a business owner, you might not be aware of...
by Patty Lawrence | Budget & Forecasting, Cash Flow, Profitability
Do you ever feel like you’re so busy in your business, but after everything is said and done, there’s no money left to pay yourself? That’s exactly how Renaldo felt. As the owner of a small service business, he was known by everyone around him as a success. He was...
by Patty Lawrence | Budget & Forecasting, Business Management, Financial Analysis, Financial Processes, Profitability, Uncategorized
Your banker is your friend. But a lot of entrepreneurs don’t think that. They think the bank is their enemy, and they need to bribe their enemy or do something to gain their favor so they’ll work for them. Recently, I was teaching an audience of small and mid-sized...
by Patty Lawrence | Budget & Forecasting, CFO Services, Profitability
It’s the all-important question for every business owner: will I make a profit this month? A few years ago, I was talking with a prospective client who was describing the difficulties she was having with her control. She was frustrated over the usual stuff: untimely...
