Tag: business planning

I hope this follow-up to last Friday’s blog, highlighting the “Do’s” and “Don’ts” will help you with navigating debt repayment helping your business grow and helping you get a good night sleep: While significant expenses like staff salaries, rent, and advertising are carefully budgeted, one critical “cost of doing business” that often flies under the radar is debt servicing—the monthly principal and interest payments on loans 💸.  Managing debt can feel like…  Read more

Navigating Debt Repayment for Financial Freedom For many small business owners, medical practitioners, and other professionals, launching a business or practice often begins with a well-crafted business plan 📋 and the assembly of a strong professional support team 🤝. Once a loan is secured 💰, a prime location chosen 📍, and key staff hired 👥, the real work begins. While significant expenses like staff salaries, rent, and advertising are carefully…  Read more

I hope this follow-up to last Friday’s blog, in a checklist format, highlights the “Do’s” and “Don’ts” will help you with organized, sustainable business growth. Follow the list, check off the boxes, and watch your business thrive. A great business plan is the cornerstone of success for any business. Use this checklist as a reminder as you work through your plan. Whether you’re a medical practice, a professional service provider,…  Read more

Finding new customers and markets is an exciting journey that requires careful planning and strategic action. With the right approach, the rewards can be significant. So, why not take the first step today? 🏠🚀  Weekly Takeaway: For a business to thrive and grow, it essentially needs two things: a strategic plan and an ability to continually find new customers while tapping into promising markets.  There’s a popular marketing saying: “Go where…  Read more

I hope this follow-up to last Friday’s blog, highlighting the key benefits of utilizing Budgeting, Forecasting, & Goal Setting for Business Success, provides actionable insights to help your business thrive.  Best practices include proper financial planning as the cornerstone of success for any business. Whether you’re a medical practice, a professional service provider, or a small business owner, aligning your budgets, forecasts, and goals can pave the way for sustainable…  Read more

Weekly take away: With so much uncertainty these days it’s helpful and maybe even critical to include budgets, forecasts, long and short-term goals in your business process.  Many business owners find themself struggling to understand what their finances mean or how they can use available financial information to make appropriate and necessary decisions for their business. We often get into business because we love a product or service we want…  Read more

I hope this follow-up to last Friday’s blog highlighting the necessity to create a contingency plan and testing it to confirm it will work when you need it may be one of the most important lessons you never have to use.  We did back in October 2012 when Hurricane Sandy hit my home and office in Rockaway Beach Queens, and then again in March of 2020 when the pandemic hit…  Read more

Weekly Takeaway: This old photo is an aerial of my block taken October 30th 2012 from a private plane owned by my sister’s friend.  He had no idea this was my block; it was one of many taken after Hurricane Sandy hit.  We had stayed put for Hurricane Irene which landed here in August 2011 with no serious damage.  We were lucky with Irene. Soon after, I checked my systems…  Read more

I love following up my Friday “wordie” blog with a visual version.  This week I have created a check list to help follow best practices for working smarter not harder and following time tested best business practices for HOPEFULLY solving some of the problems or issues many small businesses are facing these days. Financial Best Practices for Small Business Do’s: Pay Yourself 🤑 Maintain a Separate Business Bank Account 💳…  Read more

Weekly Takeaway: Stay abreast of the tax laws, even when you are “knee deep” in tax season; be informed and keep your staff, clients, and other tax professionals informed of the latest developments.  They may roll their eyes, but they can as they are well informed of the law and developments surrounding filing requirements.  Rolling 🙄your eyes is a luxury as compared to panic and sleepless nights 😥when you are…  Read more

If you’re like many small business owners you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-a-lifetime scenario, the truth is there is a lot in life and in business that is uncertain, and there is a great deal we can learn from the response to COVID-19 to help plan for the future. Yes, your…  Read more

HR 7010 which passed the house last week, passed the senate unanimously and now its on to the president to sign it into law. You may have missed last week’s blog which I posted after this bill passed in the house with some “notes” based upon the House and Senate versions that blog post can be viewed here. This updated version now goes to President Trump to be signed into…  Read more

I recorded this video over the summer (right, I am not standing on the beach in this gear in December!) A Plan with Small Actionable Steps Will Help Create the Goals we Have in Mind for Our Business and Ourselves and what better time to put this tip to use than now… This message is just perfect for this time of year.  We are all hoping to start 2020 with…  Read more

“It’s summertime and the livin is easy”, but business is not always so. Even though your business may be doing well,  now is a good time to evaluate your business processes and reflect on your recent business challenges.  In our office we view challenges as opportunities, we evaluate the “pain points” to create a more successful business model. In this video, I compare my garden to a business and the…  Read more