When facing the challenge of understanding—and eventually mastering—your business finances, where do you even begin? That's the question we hear from business owners everywhere, and we try to help answer it with the articles we share on our blog. Our five most popular financial blogs will give you an idea of how t...
Most business owners don’t start off with expert knowledge in business finance. In fact, many owners we speak with still manage their books out of a checkbook register. (If this sounds like you, don’t worry—you’re in good company.) There are plenty of things that hold people back from diving into finance—fear, dis...
If there’s one thing most business owners struggle with (okay, aside from creating a budget), it’s the transition from managing no one to managing everyone. Most clients who come to us simply don’t want to deal with management responsibilities—period. They hope (and act on the belief) that if they hire good people...
If you’re familiar with the “E” in EMyth, you know that most businesses aren’t started by Entrepreneurs at all. Entrepreneurs are people who go into business with a vision of a company that doesn’t rely on their own ability to make, sell and deliver it. Most businesses are instead started by Technicians. Technicia...
Business owners aren’t finance experts. It’s a sweeping statement, but as a business coach and business owner myself, I know the truth of it. One of the beautiful things about owning a business is that you don’t have to be an expert in everything—you just need to have the right experts at your fingertips. This is ...
If you own a business, you’re probably familiar with the feeling of being stuck on a gerbil wheel. It’s that perpetual state of expending all your energy just to keep your business running without ever making forward progress. It’s a feeling all business owners face at some point, and unfortunately most get stuck ...
For better or worse (or both), 2020 has been an eye-opening time for business owners. As we close out a year that’s disrupted our lives and livelihoods in so many unexpected ways, we’d like to share some light. With all the challenges business owners have faced, there have been some equally remarkable lessons. Our...
Every entrepreneur has a different story for how they came to run their own business, whether they inherited a company from family or associates, or struck out on their own with a dream of working for themselves, building something new that would inspire them professionally and give them the life that they always ...
As we enter the last quarter of the year, many businesses are in their sixth month of working from home, and many business owners are still struggling with the remoteness of their employees. Every day, they’re asking themselves, “What are they actually doing from home?” and strategizing ways to encourage engagemen...
If you’re like many business owners, you started your business by letting customers choose you—you hung a sign up outside and said yes to anyone who walked through the door. And while this is a great way to get your business off the ground initially (and sometimes the only way), it’s not sustainable in the long ru...
In the current economic downturn, small businesses everywhere are suffering and too many will tragically close their doors permanently. For many business owners, it’s been a sobering lesson: Ignoring the practice of reviewing your company’s financial metrics is a high-risk decision with serious consequences. Numbe...
Finding the right employees can feel like a constant struggle. The hires you’re not crazy about end up staying while the great ones always seem to leave, causing you to wonder again and again, “Am I missing something or is this just the way it is to manage people?”
Now is a particularly challenging moment to show up for and manage your people. As a business owner weathering a global economic crisis, you have so many demands on your time and focus—not least of which may be keeping your business financially afloat. So making sure your team has what they need to do their jobs a...