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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

employee accountability

Managing Employees

4 min read

5 steps to an employee accountability plan that really works

  As an entrepreneur, nothing can be more frustrating than inconsistent results. You can have high revenue one month, directly followed by low revenue the next without clear indicators for why. If every peak you hit is followed by a dramatic drop, the resources you spend climbing to the next peak cancel out the wi...

EMyth Team - EMyth

EMyth Team

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

upskill-employees-leadership-team

Leadership

4 min read

Develop a strong and efficient management team

  When there’s a management gap to fill, you might look to your top performers first. And it makes sense—”super technicians” work hard and know how to do their job well. They deserve to be recognized for that, and you know they have the technical knowledge needed to lead other technicians. But knowing how to do a ...

EMyth Team - EMyth

EMyth Team

cash-flow-management-cash-statement-profit-planning-for-small-business

Managing Money

4 min read

Manage your cash flow to increase profit

In small businesses, it’s not uncommon to accrue millions of dollars in revenue each year without actually producing any meaningful cash flow. You may very well know how frustrating it can be to show profit on your income statement, but not have money in the bank. One part of this issue is a fundamental misunderst...

Tricia Huebner - EMyth

Tricia Huebner

how to think like an entrepreneur

Business Systems

4 min read

How to think like an Entrepreneur

When I read The E-Myth Revisited for the first time in 1996, one of the quotes that stuck with me most was this one:  “How you think about business is how you end up doing business.”

Remy Gervais - EMyth

Remy Gervais

maximize sales conversations

Finding Customers

4 min read

Maximize your sales conversions not by closing but by opening

You might be frustrated—or even frightened—by the economic changes that are currently impacting nearly every business and family. The truth is that economic cycles are a reality of life. So what adjustments can you make to protect the health of your business given whatever changes are happening? Cutting costs may ...

Ilene Frahm - EMyth

Ilene Frahm

how to develop financial resilience in your business

Managing Money

4 min read

How to build financial resilience in your business

You might be frustrated—or even frightened—by the economic changes that are currently impacting nearly every business and family. The truth is that economic cycles are a reality of life. So what adjustments can you make to protect the health of your business given whatever changes are happening? Cutting costs may ...

EMyth Team - EMyth

EMyth Team

discussing the ratio of systems and people in the workplace

The dance between people and systems

If you own a business and have employees, it’s easy to understand why systematizing your business puts you at a great advantage. You know how you want things done. You know how things should work. You know the way you want your prospects and customers to be treated. But your ideal is just a series of pictures in y...

Ilene Frahm - EMyth

Ilene Frahm

Resources to help you hire your dream team

Managing Employees

2 min read

6 resources to help you hire your dream team

Does it feel impossible to find and hire your people? Are the candidates you interview impressing or disappointing you? A strong team can take your small business from good to great. But you have to get the right people through the door first—and then give them the resources they need to perform well and stay happ...

EMyth Team - EMyth

EMyth Team