Category

Cash Management

No. 1 Lesson Apollo 13 Can Teach Business Owners About Profitability

By Cash Management, Profit First No Comments

Humans can accomplish amazing things with limited resources — as the Apollo 13 mission taught us.   The mission was to land on the moon, but an explosion in one of the oxygen tanks forced the crew to return to Earth as quickly as possible with no moon landing. Losing one oxygen tank meant that at some point before the shuttle made it back to…

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Diet Your Way to Healthy Cash Flow

By Cash Management, Profit First No Comments

Microgym owners, you are in for a treat because you have an advantage over other business owners: You understand fitness, health and losing weight better than anyone.   It just so happens that in “Profit First,” Mike Michalowicz uses the analogy of healthy eating to explain the Profit First core principles. This is like getting a head start to first place on the podium!  …

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Marketers: It’s Time To Stop Doing This!

By Blog, Cash Management No Comments

Marketers, It’s Honestly Getting Annoying I have noticed that more and more emails and messages from marketers talk about increasing your “profit” or how to “increase your profit”. Whether this is marketers or coaches or mentors, a LOT of these programs like to use that magic word Profit.    However, once you dive in and do a bit more research you find that they are…

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Bigger Isn’t Better: A Tale of Two Microgyms – and a Lesson in Finance

By Business, Cash Management No Comments

Here’s a story about two microgyms we work with.   We’ll call the first one Multigym LLC.   Multigym LLC is in a major U.S. city. At the time of writing, the two owners had four locations earning more than $1 million in revenue.   The second gym we’ll call Singlegym LLC.   Singlegym LLC is in a small market. It has one location and…

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