What Is a Budget? A budget is a projection of your future income (Revenue) and expenses for a specific period, usually a year. Like everything in your business, the “money stuff” must be planned AND managed. The tool to help you do this is your budget. Your budget is the financial plan for your business.…
When you launched your business, you knew the start-up phase would be challenging. But here it is, several years later, and it doesn’t feel like you are any further ahead. You’re pretty organized, have great ideas, and certainly work hard. What happened? Why has it become so difficult to manage your business? We call this being…
As I listened to a speaker at a prestigious business conference give advice on how to achieve small business success, I became more and more frustrated … Why was this woman at the podium? What are her success credentials? Why not me? Once I gave myself a shake and became “an adult” again … I…
Published: April 26th, 2019; By: Nick & Judi Hughes Along with April Showers and spring flowers; April also marks the beginning of the second quarter of the year. As we close off the month, you should have your first quarter financial results done, making this a really good time to reflect on your year-to-date results.…
Published: February 7th, 2018; By: Judi Hughes “I’ve come to believe that connecting is one of the most important business – and life – skill sets you’ll ever learn. Why? Because, flat out, people do business with people they know and like.” ~ Keith Ferrazzi from his fabulous book ‘Never Eat Alone’. I believe this…
Published: February 28th, 2017; By: Judi Hughes No matter the size of the company, there will be a time that you run out of money. In his book ‘Screw It, Let’s Do It: Lessons in Life’, Richard Branson tells the story of having to sell Virgin Music to EMI for a billion dollars to keep…
Published: March 23rd, 2016; by Judi Hughes A slower economy can be a great time to grow your business As a business owner, talk of a slowing economy might set off alarm bells, but changing economic times can also mean opportunity. The truth is; the larger economy is not something that any one business person…
Too Many Sales Can Be Fatal
Published: January 9th, 2015; By: Judi Hughes Many business owners plan to grow; few plan for growth! By this I mean business owners plan to increase revenue through increased sales and increasing numbers of customers but few plan “how” they will achieve that increase and, even more important, “how” they will support the increase in…
The previous blog was all about how to prepare to plan. A plan after all is only as good as the preparation you put into it. Now the preparation is complete you can start planning! But first here is a most important point! All plans must be documented else it sits in your head and…