The fifth cause of poor cashflow – Gross profit margins are too low
Your gross profit margin is what is left from your total sales after variable costs are deducted. For example, if you are a retailer and your sales in a given period are $1,000,000 and the cost of the goods you sell in that period is $650,000, then your gross profit margin is $350,000, or 35%. […]
If I’m working ‘On’ my business what should I be doing?
I’m sure you’ve heard about the need to work ‘on’ your business as well as working ‘in’ your business. But have you ever stopped to think what exactly you should be doing? First some practical distinctions to compare working ‘on’ and working ‘in’. Working ‘On’ Your business (Essentially Planning) Working ‘In’ your business […]
Do you want to be happy or successful or both?
Or does one unlock the other? Robert Waldinger, a psychiatrist and professor at Harvard Medical School refers to perhaps the longest study of adult life in this TED talk. In just under 13 minutes you can hear how a study of over 700 men from 1938 until today has tracked what makes us more happy, […]