We all know what money is. But do your teams and the people who work for your small business really understand your Profit Plan? Perhaps you have tried to share it with them, but they don’t seem to get it.
Jack Mencini and Adam Sonnhalter hosts of Dirty Secrets of Small Business discuss how to have the conversation with you team at your organization to give a clear review of the businesses profits, revenues, sales, overhead, goals and strategy for profitability.
As coaches for Maximum Value Partners they can discuss bank loans, business profitability and how to plan for success, growth and even acquisition of another business to help grow your business. They are also very good at coaching business owners in how to relate to their employees and how to communicate so that the business owner is not repeating this Profit Plan explanation over and over again.
Debt, repayments and how cash gets sucked out of the business and accounts receivables when you haven’t even collected it are other topics that become part of the whole equation with the financial health of a small business.
For the entire overview and to get tips on money and your business, listen to the January 9th podcast. Access all the Dirty Secrets of Small Business podcasts on iTunes or here.
Do you have any How Questions of your own to email to Jack and Adam? Do it by sending your questions to email@example.com or submit a question here.
Many of the How Questions can also filter back into the 7 Keys to Success to help you deal with these questions.
If you have a success story or a question you would like to share, email or call (firstname.lastname@example.org or 877-849-0670). You can also call in during the show each week at noon (EST) – 1:00 pm on WINT 1330 AM, call 440-946-9468 to ask your question to the Maximum Value Partners’ coaches.