Newsletter

5 KPIs to become a cash flow master

82% of businesses that fail say that cash flow problems contributed to their failure. I don’t know about you, but when I see 82% of any group agreeing my ears perk up. Now, sure, I do understand that cash flow may not have been the main problem. But cash flow stopped them from solving the…

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How to pick the right KPIs

What is a KPI? It stands for: Key Performance Indicator Any KPI you choose should directly impact the result you’re trying to achieve. So, let’s dig into how you should pick a KPI. Identify a goal you want to reach Every business should have goals. Some businesses do this more formally, others are held in…

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The 50/30/20 Budget Rule of thumb

9 months ago my wife and I welcomed our first child into the house and boy has it been a lot of fun. Every week it seems like there is a new milestone. Rolling over.Rocking back-and-forth.Learning out to crawl.Then standing with support.Then walking along furniture.Then standing without support. I know that a lot of people…

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The Path to Mastery

Earlier this year I reread the book Man’s Search For Meaning by Viktor Frankl. This book details his experiences in Nazi concentration camps and his approach to psychology known as logotherapy. Logotherapy is defined by verywellmind.com as a therapeutic approach that helps people find personal meaning in life. While in the concentration camps, Dr. Frankl observed the…

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Overcoming Setbacks

Statistics is one of those things that I thought I’d like, but when it came to practice I actually didn’t. Maybe it was my teacher, maybe it was because it was summer school, maybe it was just me… but I hated the class. But one concept, that I see often is the concept of regression…

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How to make more money in your business: let’s talk about value creation

If you have anxiety when looking at a financial statement, I get you. When I first graduated from college with my accounting degree, I went to work for a big company with tons of layers and all sorts of corporate policies. Even despite this, I was lucky enough to get to do a presentation or…

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Overcoming Anxiety, Fear, and Limiting Beliefs

For years, I’ve had really bad allergies. When I’d go outside, I’d immediately get a runny nose and start sneezing. I’ve tried all sorts of medicine. But no matter what I tried, nothing seemed to completely work. Sure, I can get some temporary relief, but nothing offers complete relief. Over the years I’ve wondered… what…

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4 types of profit every business owner should track

Starting a business is really hard. It’s no surprise that 49.7% of businesses fail in the first 5 years (link). And the #1 reason for failure is cash flow issues (38%, per Lending Tree). Now, running out of cash is actually the result of other problems… not enough sales, too much spending, funding not coming…

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5 factors that influence success more than talent

When trying to determine what makes someone successful there are a million different factors. As I thought through the question “what separates the successful from the unsuccessful?” I came to a few conclusions: Talent is marginally important, but not a main decider This is a really hard question to answer First, let’s talk about talent….

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Inflation: What’s the worst that can happen?

Framework of the Week Ask the question, “What’s the worst that can happen?” Too often when presented with a roadblock, our mind will catastrophize the idea. The reality is, if we think through the worst-case scenarios, they’re not as bad as we actually think they are. By asking ourselves the question “What’s the worst that…

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