Doing what's right
The manner in which you serve your customers is the foremost way to either support, or negate, your business growth.
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Answers to common cash flow questions
Few things will kill a business faster than lack of cash. Even once profitable businesses can fail when they run short of the cash they need to sustain operations.
Plan for disasters before they strike
The recent spate of damaging hurricanes is a stern reminder of how suddenly disasters can strike businesses and devastate communities. While your business may not be located in an area prone to hurricanes, you could still be vulnerable to other kinds of natural and man-made disasters such as fire, tornadoes, earth...
Creating an equitable compensation structure
Deciding how to compensate your employees and, if you have partners, how to structure pay between them equitably is a topic of interest for our business owner clients. In this article I’ll touch on some of the important criteria from the EMyth perspective, helping you understand this critical component of your com...
7 signs that your business is in trouble
When navigating through dangerous waters a wise captain keeps an eye on certain signs. The shape and size of certain waves, the color of the water at critical points, the presence of rocks or sandbars, things that can be difficult to spot for the untrained eye. The truly wise captain knows these signs because he o...
Growing a debt-free business
Venture capital, business loans, and lines of credit: all this and more exists for businesses that need to grow, to purchase equipment and inventory, or expand their facilities. Much of the initial growth for small businesses is funded on borrowed money. It’s the way things are done. But it comes at a cost.
EMyth answers your questions
This week we're dipping into the Ask EMyth mailbag to have an EMyth Business Coach answer a few of your questions. Thanks to everybody who submitted questions, and keep them coming. We love to hear from you.
How to budget for irregular income and cash flow
As many business owners are painfully aware, it's not an easy thing to create an operating budget for a business whose revenues tend to be all over the map. Yet this is the reality for many businesses.
Change is inevitable. How are you preparing for it?
As the old saying goes, "The only constant is change." Nothing drives this point home more clearly than the devastation in the aftermath of Hurricanes Katrina, Rita and Wilma. The hurricanes' devastation affected thousands of businesses whose buildings were destroyed by the wind or ruined by the flood waters, or w...
Reinvent your financial strategy
Is your business doing well?
Perfecting your customer experience
You have a business. It’s humming. Your employees are laboring away diligently.
The self-employment myth
Are you building a business, or are you simply self-employed? Do you understand and recognize the differences? And are you intentional about which path you're on? If you presently have a job but want to strike out on your own, do you want to be self-employed or realize the benefits of true business ownership? Aski...
To sell or not to sell
After the decision to start a business of your own, perhaps the most challenging decision you can make is whether to sell that business. You conceived it, built it, poured your lifeblood into it, and now find yourself with a viable, profitable enterprise you can call your own. You have built an asset! Now… what to...
Systems for solopreneurs
We get quite a few questions from our community about how to apply EMyth principles to a one-person business.
Tips to generate short term revenue
Most business owners would agree that maintaining or increasing sales is a vital need for their business. It's a common misconception, but many businesses tend to think of increasing sales only when things get slow. There are, however, many other reasons to increase revenue aside from simply compensating for a slu...
Positivity is king
Let’s say you’re walking down the street and encounter someone who expresses their negativity to you and every other passer-by. In this kind of situation, it’s easy to avoid them; you just walk right on by. Maybe shake your head a little. But if that negative person is an employee or customer it’s not so easy to w...
The technician's addiction
This EMyth notion of "working on it not in it" has to be – by far – the most unanimously embraced concept and seemingly, the most elusive. I would go so far as to say that it is the number one reason business owners from around the globe attend a training here in the Sonoma wine country to work on their business n...