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Managing Money

Learn to manage cash flow and produce consistent financial results.

Managing Money

4 min read

Reducing operating expenses

In this tumultuous economy, reducing operating expenses has emerged as the number one objective for business owners everywhere. So what are operating expenses? Operating expenses (also known as operational costs, fixed expenses, and indirect costs) comprise the expenditures that a business incurs as a result of pe...

EMyth Team - EMyth

EMyth Team

The impact of pricing on profits

How do you decide what to charge for your product or service? The specifics will be different for every business, but it comes down to one thing: VALUE. If your customers can see the value of buying your product or service, they'll happily pay the price. If they don't see that value, it makes little difference how...

EMyth Team - EMyth

EMyth Team

Managing Money

2 min read

Perspective on money

Like it or not, money is a subject that seems to be ever-present in the mind of the business owner. We talk about it, we think about it, we worry about it. We plan for what we'll do when we have plenty of it, and we reveal our fears, frustrations, and resourcefulness when we don't have enough of it.

EMyth Team - EMyth

EMyth Team

Managing Money

3 min read

Money matters in Q1

Great leadership requires the ability to control what is in your power to control, to give people clarity, direction, and a sense of security, to chart a course and set goals your employees believe are attainable. As we begin a new year, it is your job as the business leader to set and communicate expectations for...

EMyth Team - EMyth

EMyth Team

More sales isn't always the answer

"I need more sales." If I had a dime for every time I heard that from a client… Well, I’d probably have $20 by now. But seriously, the issue of sales (or lack thereof) comes up all the time; most often from clients who are just beginning the EMyth Coaching Program.

EMyth Team - EMyth

EMyth Team

Managing Money

3 min read

Your financial strategy

If you're like most small business owners, you started your business because you wanted more personal freedom and you possessed valuable knowledge and skills in a specific industry or profession. You didn't however start with a clear picture of the business you were going to create. Instead, you went out and did w...

EMyth Team - EMyth

EMyth Team

Your cash management system

Do you know how much cash you have? Do you know how that cash flows through your business? The amount of cash you have on hand is one of the most important metrics for the growth and survival of your company. As a business owner three of your primary financial responsibilities are:

EMyth Team - EMyth

EMyth Team

Business credit: It's not personal

When your business experiences or anticipates big growth, it will impact every area of business. Big growth means big changes. In addition to the logistical and management issues that come up, it's also likely that you'll need to raise some (or a lot) of money.

EMyth Team - EMyth

EMyth Team

Managing Money

1 min read

Overcoming resistance to mastering money

So I followed my own advice. As I suggested previously, I took out a one hundred-dollar bill and placed it in an honored location on my desk. At various times I put that ‘Benjamin’ into my hand and considered the feelings that a one hundred-dollar bill engenders and pondered, “why don’t I line my wallet with them?...

EMyth Team - EMyth

EMyth Team