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Author: by.idun.sophia
EP117 Mitigating High Start-up Costs
High startup costs can be a significant barrier for entrepreneurs launching a small business. Expenses like equipment, rent, inventory, licenses, and marketing can quickly add up, straining initial resources. However, with careful planning and strategic decisions, these costs can be managed effectively. Here are ways to mitigate high startup costs while building a foundation for… Read more
EP116 How to make your income predictable
Unpredictable revenue streams are a common challenge for small businesses and entrepreneurs. Fluctuating income can disrupt cash flow, make it difficult to manage expenses, and create financial uncertainty. However, by implementing effective strategies, businesses can stabilize their income and maintain a steady inflow of cash. Here are several ways to address this issue: 1. Diversify… Read more
EP115 Core Google Spreadsheet Skills
Spreadsheet skills are something everyone needs to improve their business. This is a short intro taking you from hand written notes to a six month financial plan. Enjoy! Read more
EP114 7 Ways to Improve Cash Flow Management
Effective cash flow management is critical for small businesses to maintain financial health and sustain growth. Here are seven strategies to optimize cash flow and ensure financial stability: 1. Create a Detailed Cash Flow Forecast A cash flow forecast helps predict income and expenses over a specific period. It allows business owners to anticipate cash… Read more
EP113 Does size protect your business? How?
I saw Luigi Mangione hired the hugely impressive Karen Friedman to represent him in his alleged murder of a healthcare CEO. One imagines a tough lawyer will be able to ask searching questions and know the laws and statutes to obtain a smaller sentence. That got me thinking about when size shields your business. Size… Read more
EP112 Hate from Customers? Do this.
Healthcare poverty has been an emotive topic for some time in many otherwise rich nations. This year we saw the alleged murder of health-insurance executive Brian Thompson by Luigi Mangione. In a huge plot twist, it emerged that the alleged murderer came from a well off family and was not one of the many people… Read more
EP111 Five attributes of successful partnerships
Successful partnerships, whether personal, professional, or business-related, thrive on certain key attributes that create trust, alignment, and synergy. Here are 5 attributes of successful partnerships: 1. Trust and Honesty Trust is the foundation of any successful partnership. Both parties must believe in each other’s integrity, dependability, and transparency. Without trust, doubts and insecurities can damage… Read more
EP110 The hateful boss
EP109 Five novel distribution methods for fitness trainers
In this day and age, you would think it is easy to find new clients, but it come be tough. Advertising (GoogleAds, FacebookAds and even TikTokAds) can be expensive and yield little unless you know your niche well. Here are five ways to get clients or start you on your market research journey. Online Training… Read more
EP108 Three Famous Corporate Bankruptcies
Several well-known companies have filed for bankruptcy over the years, often due to poor management, economic downturns, or significant shifts in their industries. Here are three famous corporate bankruptcies: 1. Lehman Brothers (2008) 2. Enron (2001) 3. General Motors (2009) These corporate bankruptcies highlight how mismanagement, economic challenges, and market shifts can lead even the… Read more