Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
Beechwood aged. I know what you’re thinking, and you’re right: Beechwood aged is a trademarked term from none other than Budweiser. My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. Did you know that the vast majority of beers are beechwood aged, but only Budweiser can say that. What is beechwood aging? I don’t have a clue, and you probably don’t either, but it sounds good and makes you think of Budweiser and that’s all that counts. We business owners need to think of these types of trademark-able names in our businesses, whether others do the same thing or not. It builds value in your business. And remember, the most successful business owners know their numbers!
Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
Have you ever noticed when you want to bring more understanding to something, you explain it in numbers? For example, on a scale of one to ten, how did you like that movie? What do you think the percent probability is that you’ll get that client? How was the turn out at your webinar? A numerical answer to these questions brings a greater understanding than if you answered the questions without numbers. My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. Numbers bring clarity to all things, especially in business. Numbers create a greater understanding of why certain business conditions exist, or the mere discovery of a problem in a certain area of business. Tracking metrics is the perfect tool to bring clarity and understanding to your business. Metrics are financial parameters that evaluate the performance and productivity of a business. And remember, the most successful business owners know their numbers!
Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
What many business owners of manufacturing companies don’t realize is that you have to sell the same ONE unit of product THREE times, or you won’t be successful. My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. Many business owners of manufacturing companies think all you have to do is sell that big order to a distributor or a big box store and it’s time to strike up the band. Nothing could be further from the truth. A manufacturer has to sell that same unit of product to the distributor, they have to sell it to the retailer, and they have to sell it to the consumer. If they don’t, that big order will come right back to them. The distributor will not take responsibility to sell your product, nor will the retailer. Which means, your business has to be properly funded so you can market and advertise to all THREE of these customers. And remember, the most successful business owners know their numbers!
Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
If you’re in business, or thinking of starting a business, you must possess three things, otherwise you will be wasting a lot of time. My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. Those three requirements are, number one, a strong passion and love for what you are doing. Second, a discipline to do the things you need to do. And third, an undying faith that what you deliver to the customer is valuable. I had a potential client last week, and after speaking to them for five minutes I could tell there was no passion, no discipline, and very little faith. Building a business is hard enough, so please check on these three requirements, otherwise it will be near impossible. And remember, the most successful business owners know their numbers!
