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Managing Money

Learn to manage cash flow and produce consistent financial results.

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

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

Understanding business credit

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

4 min read

How to develop financial leadership

There are two important steps required to achieve effective cost reduction in your business. The first step is to have a well thought-through strategy in place. The second step is to understand the enormous impact your leadership has on your business.

EMyth Team - EMyth

EMyth Team

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...

EMyth Team - EMyth

EMyth Team

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 Team - EMyth

EMyth Team

How to stop wasting time in your sales calls

You know what a bad sales call feels like. The aimless small talk, the thinly disguised attempt at ‘relating’ to you, and the ever-present background anxiety of the sales person desperate to meet their monthly quota. All you wanted was a real conversation with a real person to help you make an informed decision. N...

EMyth Team - EMyth

EMyth Team