Tag Archives: Profit

Profit Planning for 2019

It’s time to plan for your new year and profitability. Many of you may have already worked on a business budget for 2019. If you haven’t, I encourage you to do so – no matter what size your business is. If it helps, think of your sales, gross profit and net profit as goals you want to achieve. And I think you’ll agree that it’s much easier to hit a target you can see ;-). Once your budget is in QuickBooks, it’s easy to monitor how you’re doing during the year, so you don’t have to do updating in spreadsheet or just wonder. Continue reading

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Optimize Your Revenue Mix for More Profitability in 2019

Many small business owners focus on generating more revenue every year, and that’s a great objective. But not all income is created equally. If you have more than one type of division/service and/or service/product, then it’s worthwhile taking a closer look at the profitability of each. Continue reading

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Where Did All My Money Go? Understanding the Statement of Cash Flows

If you’re like most QuickBooks users, you rely on the Profit & Loss Standard report to monitor how your business is doing. However, you may have noticed that it rarely, if ever coincides with what’s in your bank account (hint: … Continue reading

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Profit Planning for 2018

In previous articles, I’ve discussed reviewing your existing sales and profitability to see if you wanted to make any changes.  Now it’s time to plan for your new year and profitability. Many of you may have already worked on a … Continue reading

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Profit Planning for 2017

In previous articles, I’ve discussed reviewing your existing sales and profitability to see if you wanted to make any changes. Now it’s time to plan for your new year and profitability. Many of you may have already worked on a … Continue reading

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Optimize Your Revenue Mix for More Profitability in 2017

Many small business owners focus on generating more revenue every year, and that’s a great objective.  But not all income is created equally.  If you have more than one type of division/service and/or service/product, then it’s worthwhile taking a closer … Continue reading

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Optimize Your Revenue Mix for More Profits in 2015

Many small business owners focus on generating more revenue every year, and that’s a great objective. But not all revenue is created equally. If you sell more than one product or service in your business, then you can benefit from … Continue reading

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Do You Know Your Hourly Worth?

Time is the most precious resource on the planet, but sometimes we don’t treat it that way. In our businesses, it’s important to get everything done, but we can also get overwhelmed with all thelittle things that need to be done to take … Continue reading

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Cost vs. Savings

Is Saving Money Reducing Your Profits? While there are times when we need to tighten the purse strings, sometimes spending more money can help you be more profitable in the long run. I recently watched a webinar discussing what a … Continue reading

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Do You Know Your Hourly Worth?

Time is the most precious resource on the planet, but sometimes we don’t treat it that way.  In our businesses, it’s important to get everything done, but we can also get overwhelmed with all the little things that need to … Continue reading

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