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KYBN - How Much Money is that Referral Worth?
In today's episode of knowing your business numbers, we will take a closer look at the impact of having 10 really good referral makers in our circle. Have you ever put pen to paper and realized how much money they bring to your business each year? Let's break down an example and you might be surprised.
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
Help Your Customers Get to Know You
If people use the services and products of those they know, like and trust, then the question becomes, what can you do to help your customers/clients get to know you a little better.
In this episode, we will take a closer look at how you can still keep your personal life personal, yet share a few things that others can connect to.
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
KYBN - The Power of Stacking Your Business Numbers
History and trends teach us so much. Our business is no different. By taking your sales trends or trends with expenses, you can see opportunities not only across the months of the year but by stacking them year over year. What are the numbers telling you and how can you use this information to create even more sales & profits?
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
Create Instant Sales | Contact Your Past Customers / Clients
Why Are You Not Grabbing This Low Hanging Fruit of Sales? Today we will discuss why you must reach out to your past customers / clients. These folks already love you and your business. Half the time they have been meaning to use you but haven't had time to call. You might be surprised at how many jobs you can add weekly by doing this one activity.
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
How to Pay Yourself in Your Small Business
Most small business owners just pay themselves out of the money that is leftover through the month or even worse, they just pull money out as they go. You need to stop and realize that you are making money 1st as a "doer/employee" role then as the owner.
You do this by taking a "fair" wage and include it in your gross margin so you can prepare for the future. Then and only if there is money at the end of the day after expenses, retained earnings and taxes, do you take an owner's draw.
Let's take a closer look at how you do this and when. Employee Role First then Owners Draw is Best for Gross Margin Tracking
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
Knowing vs Understanding
My favorite quote is: "Just because you know something, it doesn't mean you understand it". This sums up what I see all the time when trying to coach or train someone. We get hung up on what we think we know vs diving in deeper and trying to understand the "why" part. Why do we do it? Why is it important to make sure there isn't a better way? Change your hat from knowing to one of seeking to understand. The question becomes, are you coachable and open to new ideas and learning?
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
Use Your Business Numbers to set Your Business Goals
Whenever you are setting business goals, it is critical that you are using your past history to set realistic yet aggressive goals going forward. By using your business numbers and breaking them down by month, you can set yourself up to hit the target by using what the data is telling you. So grab those P&Ls and let's get started getting ready for the months ahead! Your Past Performance Can Help You Set Great Goals
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
5 Lessons Big Box Retailing Taught Me About Running a Small Business
Having spent over 25 years in big-box retailing, I was surprised how much our big businesses and our small business have in common. In this episode, I'll share 5 of those lessons that all business owners can take away a nugget or two. You don't need to reinvent the wheel, just use the knowledge others have already learned.
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
What is Your Balance Sheet | For Local Small Business Owners
As a small business owner, you might have heard about a balance sheet and how it is important to your business. Yet you have no clue what it even is. Maybe your accountant hands you one each month but it doesn't mean anything to you. Well let's break it down and help you understand this important sheet that is telling you the net worth of your small business
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
Are Your Best People Really Your Best People?
What does a "best" employee look like? Is it the fastest person? The person who you don't have to babysit? Someone great with customer service? What do you do if your "best" person also happens to always be late? Or maybe they cut corners? Are they still your "best" employee? Let's discuss
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
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