I often get asked by clients if they should be tracking the costs related to their different products and services. My answer to that is definitely. The costs you need to be tracking are both your direct costs and your hidden costs. By tracking what your direct costs are in terms of receiving your product […]
Should I be tracking the costs related to my products and services?
June 25, 2012 by Leave a Comment
How do I overcome ‘Missing Link Syndrome’?
November 16, 2011 by 1 Comment
Every business spends money on either a bookkeeper or an accountant and in some cases, both. So, why do 87% of businesses fail because they don’t understand their numbers? This is what I call the ‘Missing Link Syndrome’. The missing link is you, the business owner. The information you are missing is what is happening […]
The Missing Link Syndrome
September 20, 2011 by Leave a Comment
Did you know that more than 87% of small business failures are because they do not understand the money side of their business? That is a scary statistic isn’t it. And one that should not be taken lightly! This statistic is the basis of my ‘Missing Link Syndrome’. Most business owners do not have a […]
