by Susan Kirkpatrick | Mar 16, 2021 | Bookkeeping, Money Mindset, Profit First, Small Business
One of the biggest problems I see with most small business owners is that they are usually far too busy focusing on their core competency, or the competition to work within a budget. They drop the ball on some of the business fundamentals. For example, they think that...
by Susan Kirkpatrick | Mar 13, 2021 | Money Mindset, Small Business
A recession can be considered a financial plague for small and unprepared businesses. Thousands of companies go out of business, and hundreds of thousands of people get unemployed during a recession. This was true for the previous recessions and market crashes that...
by Susan Kirkpatrick | Oct 10, 2020 | Bookkeeping, Money Mindset, Profit First, Small Business
Are you an entrepreneur or a business owner? Why this question? Because it matters in how you approach goal setting to achieve results. There is so much overlap between the two terms that people often forget which is which. Many business owners consider themselves...
by Susan Kirkpatrick | Sep 23, 2020 | Bookkeeping, Money Mindset, Time Mangement
“Time is money” – A proverb we’ve all heard, and many of us casually use, but you don’t really understand how on point it is until you become an entrepreneur. Because then, time literally is money. Ingenuity, people skills, and marketing genius...
by Susan Kirkpatrick | Sep 12, 2020 | Debt Management, Money Mindset, Profit First, Small Business
Debt Management for Your Small Businesses Running a debt-free business is a goal for many small business owners. Statistically, it doesn’t come true for almost seven in ten businesses. Nearly 70% of small businesses have outstanding debt. But, contrary to...
by Susan Kirkpatrick | Aug 29, 2020 | Money Mindset, Profit First, Real Estate, Small Business
Pretty much, everyone has heard the term “Outsourcing.” This term gets more and more popular every day. It means “obtain goods or services from an outside source.” Not so with “Compartmentalization.” Compartmentalization, on the...
