Jack Mencini and Adam Sonnhalter of Maximum Value Partners and hosts of Dirty Secrets of Small Business tackle the important How Question for 2107 — How do you the small business owner make more money?
You can ask you CPA? How do I make more money. They might answer with: “Real simple… increase revenues or decrease expenses.”
But the CPA does not really fill in any details on how to do this. They are afraid to give any advice. Usually when you sign your tax return, it will say you are responsible not them, because even though they did the tax return… you are responsible for your business and what you report to the IRS.
The true answer to making more money in 2017 is to have a plan. Rather a Profit Plan… not a budget, a tired, dusty word. A budget focuses on the cost side. A Profit Plan focuses on sales, expenses and profits. As a small business owner you need to concentrate on how to get more money in your pocket.
For the entire overview on “How to Make More Money?,” 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 firstname.lastname@example.org or submit a question by clicking 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 (email@example.com 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!