Employees’ Guilt About Profits Hurts Your Business
Nearly six out of ten of employees probably believe that their companies make too much profit. And having guilt about profits can have a negative impact.
Pleased But Not Satisfied: A Leader’s Mindset
There is a new year ahead of us. It is common for people to feel stressed or overwhelmed at this point in the calendar year. After all, the nights are longer, the days are shorter, and the world seems a little colder and darker. (As I mentioned in my last post, there’s always a light…
The Light Shines in the Darkness
There’s just something about darkness. For one, darkness creates fear. Perhaps that fear is a result of not knowing what is there. Darkness allows our imaginations to run wild because we cannot use our sight to correct our thoughts with the truth. Fear about darkness is not completely irrational. Criminals…
9 Tools for Becoming the CEO of Your Life
Managing your life effectively can look a lot like managing your business effectively. We are so incredibly fortunate to be alive in an era when new productivity tools are constantly in development for making the most of our time here on earth. Technology improves every day, so we are in an exciting age. Still, all this progress can be…
Run Your Business Like a Pro in the Digital Age
Software & Apps for Business & LifeIt’s a great time to be alive.There is so much software available today to help us communicate better and be more efficient. At the same time, having so many different tools on the market to choose from can be overwhelming — especially if you are a business owner already…
Why Your Landscaping Company is a Great Place to Work and How to Keep it That Way
Thank you to Kelly Dowell of KeldoDigital.com and Dowco Enterprises, Inc. for today’s guest post. Today, we will learn about the importance of striking a balance between automation and personalization: how to install processes and systems as you grow, but make sure the things that make your company human remain personalized. In short, how do…
Portfolio Analysis in Action — Select Case Studies
We have spent the past two weeks discussing portfolio analysis in great depth here on Profit. Value. Life. Now we will take a look at some portfolio analysis case studies. First, I introduced the benefits of portfolio analysis: greater margin—in both profit and life. Next, I described the process for performing a portfolio analysis: use accrual…
What Is Measured In A Portfolio Analysis?
As discussed in my last post, the chief goals of performing an in-depth portfolio analysis are to gain insight into ways to optimize a business and its profit margins. Net profit margin is a percentage calculated by dividing pre-tax net income by revenue. That percentage is an average of each customer’s profit margin, each product/service’s profit…
Craving Business Sanity? Get a Portfolio Analysis
Far too many business owners suffer from a lack of time.The business takes everything they have in terms of time and energy. 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. They lack margin. The company owns them. Because…
How To Ensure Price Increases Go Smoothly
Wage inflation is alive and well. You have identified a need to raise prices, and you have decided that it is the best time to do so for your company. What can you do to ensure that the price increase is a success? The first step is to determine your new pricing. Some companies raise prices…