Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
amazon.com
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It
Michael E. Gerber • 1 highlight
amazon.com
The goal here is to work your money in small steps. First, ensure that your company of one is making enough profit to cover your living expenses. Second, make sure you’ve got enough of a runway buffer built up to work full-time at your company of one, even if things get slow. Third, with your salary and runway buffer covered, you can reinvest money
... See morePaul Jarvis • Company of One: Why Staying Small is the Next Big Thing for Business
Some areas of opportunity: • First, stop saying, “Well, this is just the way it is in our industry.” • Have your available cash reported DAILY, with a short explanation of why it changed in the last 24 hours, and chart it against accounts receivable (AR) and accounts payable (AP) weekly. You’ll learn so much more about your business when you see ho
... See moreVerne Harnish • Scaling Up : How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0)
when these two to three points are reinvested in R&D for new products, for lower-cost processes, or for service to the customers, the impact is multiplied tenfold.