It has been a turbulent few months, and your bank account likely reflects that. Now is the time to really look at your numbers so you can accurately manage your money.
The first step is to know and project your cash flow. If you do not have accounting software, use a simple spreadsheet to capture income and expense. Knowing the inflows and outflows of your cash is the first tool you will need.
There has been a lot of talk, and rightly so, about pivoting our businesses in response to the changes that COVID-19 has required to survive and thrive. We have been busy reshaping our businesses, our marketing messages, our systems and protocols, etc. Yet, how many of us have taken the time to stop and think about ourselves – what are you doing to pivot YOU?
It’s a question I hear often from business owners. The answer is a resounding YES! The real question should be, how should we be selling? Here are some tips for selling in challenging economic times. Let’s start with value. Don’t devalue your product or service even though it may be tempting to lower prices. A better solution is…
We are all eager to reopen our businesses and our economy. You have the new signage, hand sanitizer stations, and have redone the layout of your facility. Your team, however, missed Spring Training. Even people who continued to work from home may have lost some conditioning to work as a team.
We have been hearing and using the word “pivot” a great deal in the past few months. In basketball, when a player plants one foot as an anchor, and turns using the other foot, the move is called a pivot. But what exactly does that mean to your business?
Like many of you, I have been eating at home a lot more than I was a few months ago. I experimented with new recipes, to mixed results. I have a few new favorites, and a few I don’t need to make again.
If you haven’t already done it, now is the time to try some new recipes for your business
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