How to Use Credit Cards to Finance Your Agency
Credit cards are a necessary evil, especially when used to invest in your business. We all have them, sometimes in multitudes, and use them on a regular basis. But they cause deep trouble in the way of D E B T at high-interest rates (anywhere between 12% to an obnoxious 41% APR) when used irresponsibly. […]
No Excuses! Own Your Numbers!
Where Most People Fall Short at Entrepreneurship Entrepreneurs, by nature, are optimists. Working with hundreds of entrepreneurs throughout my career, I’ve found we (I’ll include myself in this mix) tend to explain our way out of financial statements. “I had to take a hit because of a capital expense.” “I haven’t had time to sort […]
Assess the Quality of Your Numbers
Feeling pretty jazzed about his business, a friend of mine, Steve, went to the bank to get a loan to expand his business. During a meeting with the banker, he shared his numbers, pretty certain he was in good shape to get the loan. The banker had a different point of view. She thought my […]
Finding the Stories In Your Numbers
Most accountants don’t read their clients’ bedtime stories. But I do. And my story sounds a bit like this: Once upon a time, there was a number that stood out among all the other numbers. It practically jumped off the page, but for some reason, no one noticed this number – even though it had […]
Daily Habits of a Successful Entrepreneur: Keeping Track
In my third blog on how to improve your juggling abilities, I want to talk about tracking progress. As you may know, I’m a big proponent of dashboards because they tell a story at a glance. In fact, I provide custom financial dashboards to each of my clients, giving them meaningful metrics based on their […]
Daily Habits of a Successful Entrepreneur: Make Time for Yourself
As we approach Thanksgiving, it seems appropriate to talk about what we’re thankful for in our lives and in our businesses and make sure we are devoting time to those things. In this third Daily Habits blog, I want to remind you to that even a great juggler can only handle so many balls. Examples […]
EntrepreWired.com: The Journey to Starting DeepSky
I want to give a big shout-out and thank you to Paul King of EntrepreWired.com. Paul recently interviewed me as part his ongoing series of profiles on what he refers to as “getting into the mindset of successful entrepreneurs.” I was both humbled and grateful for the time he spent with me and wanted my readers […]
Daily Habits of an Entrepreneur: Devote Time to Business Development
In part one of my series on daily habits of an entrepreneur, I talked about maintaining focus. The second step is to devote more time to actually developing business. Your daily schedule needs to include at least one element tied to revenue-generation, no matter how profitable your business may be. Few steps to develop your […]
3 Numbers That Drive Your Career in an Agency
There is a direct correlation between the work you do in an agency and what you get in return that drives your career. And it all revolves around numbers… yes, numbers. These numbers are broken down into 3 categories represented: The value you create The money you want to make Your productivity. The Ignition Group […]
Daily Habits of a Successful Entrepreneur: Focus
I want to rename the term entrepreneur to juggler because each and every entrepreneurial client I work with is a master juggler, able to toss 5, maybe even 7 balls and rotate them through the air, touching each briefly and trying not to let any drop. It’s hard work. It got me thinking, what are […]
