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How to analyze a profit and loss statement

Managing Money

3 min read

Using your profit and loss statement as key indicator for your business

Some small business problems lurk beneath the surface; others wave a red flag that’s impossible to miss. Cash flow problems can be the hardest to ignore. They feel big because they are. In the earliest stages of a new business, people are often heavily focused on cash. Much like living paycheck to paycheck, new bu...

Jayne Speich - EMyth

Jayne Speich

how to solve small business cash flow problems

Managing Money

3 min read

The first step to resolving your cash flow problems

Some small business problems lurk beneath the surface; others wave a red flag that’s impossible to miss. Cash flow problems can be the hardest to ignore. They feel big because they are. But issues with cash flow aren’t insurmountable. If you're not making enough money to cover your expenses, it means something abo...

Jayne Speich - EMyth

Jayne Speich

business owner writing down new years goals

The 3-step plan for growing your business in the new year

While 2020 was an unprecedented time for business owners, 2021 has continued to present some unique situations. For some, it's remained a challenge to keep business going, managing through pivots and some hard choices. For others, business has been able to stay the course—or even boom. Whatever side of the coin yo...

Jayne Speich - EMyth

Jayne Speich

Leadership

6 min read

How to design a business model

Do you remember your mindset back when you decided to start your own business? You were good at something, and you knew it. Why spend your time doing that something for someone else when you could have the freedom of being your own boss? But then you got wrapped up doing the work of the business—doing the graphic ...

Jayne Speich - EMyth

Jayne Speich

How to eliminate silos in your business

If your business is big enough to have managers and possibly even “departments” then you are probably familiar with the phenomenon of a silo structure. When you have reached the point in your business growth that you have hired managers and the reporting structure has become identifiably vertical in each area, or ...

Jayne Speich - EMyth

Jayne Speich

Small business systems and processes, Implementing systems in business

Business Systems

1 min read

What’s the system for designing systems?

Most small business owners we speak to about growing their companies spend the majority of their time making, selling or delivering their product or service. They know how to do the work the way they want it done, but they struggle getting other people to do it according to their standards. And when there’s a job ...

Jayne Speich - EMyth

Jayne Speich