LIFE MARGIN is the excess of time and energy available for discretionary things.
For business owners, higher net profit margins lead to greater life margin.
What is margin? Simply put, margin is the excess. So net profit margin is the excess of revenue over expenses and is expressed as a percentage.
For many business owners, the business takes everything they have in terms of time and energy. These owners have zero life margin. They run from one fire to another – doing their best to put them out quickly. There is no spare time; there is no spare energy. The company owns them. Because their profit margin is low or unpredictable, they cannot hire people with the expertise to help them change that reality – the profits are too small and the uncertainty around whether the people will perform is too great.
Everything I write is designed to change the reality of too little margin.
Why You Can Succeed: Separating Lies From Truth in Business
People from all over the world tell themselves lies about their potential. Truth matters in your business. You and your business have room to grow, and The Herring Group can help.
A Passion For Business Formation And Growth
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Your Business Story From Financial Reports
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Employees’ Guilt About Profits Hurts Your Business
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9 Tools for Becoming the CEO of Your Life
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Craving Business Sanity? Get a Portfolio Analysis
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How To Ensure Price Increases Go Smoothly
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When Is The Right Time To Raise Prices?
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An Easy and Efficient Budget Process
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Is a Budget Worth Your Time?
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How to Hire a Bookkeeper, CPA, Controller and Virtual CFO
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Virtual CFO, Controller, Accountant, Bookkeeper, CPA – Say What?
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Thinking Cash Flow with Your Growth Strategy
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Your Growth Strategy – Keeping It Real
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Three People Factors Influencing Growth Strategy
Communicating your growth strategy provides focus to your employees. The result should be greater efficiency, innovation, and profitability.
Strategic Questions Every Leader Should Ask
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Actionable Reports in a Tough Labor Market and CFO Magic
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Getting to 10% Profitability – The Profit Engine
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A Fundamental Strategic Question About Your Business
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Do You Have a Treadmill Business?
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The Revolution of Christmas
The words revolution and Christmas are not typically used in the same sentence, but make no mistake; Christmas represented a revolution.
The Hidden Power of Your Financial Data
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A Budget in Five Hours. Really.
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Predict the Future with Trended Income Statements
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Examine Your Customer Retention Mechanism Like a Boat
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Reports to Grow Revenue and Predict the Future
For revenue, predicting the future starts with a system to monitor the journey of prospects becoming customers. But it does not end there.
To Grow Revenue and Predict the Future, Use These Reports
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Understanding Basic Financial Reports
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Profits Are Good
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A Passion for Business Formation and Growth
Have you considered what separates wealthy countries from poor countries? In large measure, it is the ease of business formation and growth.
It’s Lonely at the Top for Business Owners
It can be lonely at the top when you're a small business owner. I'm one too, and I am writing this post so that you can work to live and not live to work.