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.
One of the things we business owners need to pay more attention to is doing what we do best and capitalizing on it. All too often we see other opportunities and they look great and they might even be for big bucks but we don’t do them well or our employees do not have the proper skill set and it ultimately it turns into a loss or much more trouble than it was worth.
My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute.
There is no question you can grow your business by expanding your horizons and getting into new product or service lines, but you need to make sure that you are good at it and that you have the proper skill set and strategy to beat the competitors who are already doing it well.
If you can’t be great at it, continue to strengthen what you do well and be the best. Because there’s always a market for someone who is going to be the best.
And remember, the most successful business owners know their numbers.