by Shannon Simmons | Apr 13, 2021 | Income, Profit First
As I write this, the latest round of COVID-19 related stimulus checks are starting to hit bank accounts. People and businesses are hurting, and some relief is welcome. My purpose here is not to debate the merits, the methods, or the size and scope of the bill that...
by Shannon Simmons | Apr 6, 2021 | Owners Pay, Profit First
You did it. You put profit first in your business. You’ve been able to pay yourself and successfully grow your business. Your sales are increasing, but so are your expenses. But how do you know when the time is right to adjust your owner’s pay percentage? The...
by Shannon Simmons | Mar 30, 2021 | Profit First
If you’re like most people, you have a healthy dose of procrastination in you. You have a project you need to finish, maybe something you don’t want to do, and you put off getting it done until the very last minute. Let’s say it’s your taxes. Maybe you’re not as...
by Shannon Simmons | Mar 9, 2021 | Income, Profit
There is a lot of thought/opinion/advice when it comes to diversification and creating different revenue streams within a particular business model. The “don’t put your eggs all in one basket” theory. And it sounds good. If one “stream”...
by Shannon Simmons | Feb 16, 2021 | Order, Profit
A lot of business owners start out doing their books in Excel. It’s something they know, and they’re not ready to pay for a service like QuickBooks Online or to pay a bookkeeper. In Excel, you can sort columns and rows, set up formulas to add up transactions, color...
