I am excited to continue with part two of our four-part series taking an insiders' look at the real franchising experience. We are giving you a bird's eye view of what it looks and feels like to go through the franchising process with the hopes of removing some of the stumbling blocks that...
Salary vs. draw: How to pay yourself as a small business owner
You love your business, but that doesn’t mean you can afford to work for free. Yet, figuring out how to pay yourself as a business owner can be complicated.
You need to think carefully about how you take money out of your business entity. Typically, that’s done one of two...
The question to ask yourself every week to help you find direction with your company
Stop hiding behind the tasks that feel safe and start taking action on what you fear.
Every week, I sit down, open my notebook, and begin to write. It’s the same question, but with different answers…
How to avoid the most common mistakes in selling your business
How to create a cash flow projection
Being a business owner carries its share of risks and rewards. One of the more prominent risks is running low on cash. Luckily, managing your cash flow properly can help mitigate that risk.
That’s why cash flow projections are so important. Completing a cash flow projection for your business allows...
7 payroll errors and how to avoid them
If you accidentally underpay an employee, you’ll undoubtedly hear about it. But if you slip and overpay your employees, you may not know for weeks or months. As a business owner, it’s up to you to manage payroll with the same precision you afford to every other part of your business…
Turn your employees into entrepreneurs
Have you ever wondered why entrepreneurs are willing to work longer hours, endure constant rejection and never give up? It’s because the business they’re working on is theirs, it relies on them to succeed, and the rewards are reflective of the amount of work they put in.
Growing your business with a founder or founders that are driven…