How to Know When to Close a Business or Operate at a Loss
Knowing when to close a business isn’t just about avoiding losses. There are valid financial reasons to continue operating despite not making a profit, but …
Strive for business-on-autopilot
Food Cart Business in the Philippines: Franchisees Speak Out
We own 3 food cart businesses from 2 different franchises. We’re also friends with 11 other groups who collectively own 14 other food cart business …
Accounting Software Philippines: Small Business Solutions for Non-Accountants
Not to bore you with it, but I’ve always been a spreadsheets kind of guy. It’s important I say this off the bat so you’ll …
25 Smart Ways to Lower Your Break-Even Point and Profit Faster (Infographic)
Why is a lower break-even point better? Or, why might a business wish to lower its break-even point? A break-even point is where the business …
Does Lowering Price Increase Sales? 2 Ways Math Says Yes and No
The answer to this question depends. In fact, lowering prices can either increase sales, decrease sales, or have no impact. But with a range of …
The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do
A business that runs on its own. For some of us, that is the ultimate. I’ve talked about how I’ve spent half of my life …
When Selling Less Earns You More: Profit Maximization
Sell more to earn more, right? I mean, why sell 100 units when you can sell 200 units? Does selling more units and do increases …
The Unfortunate Truth About ROI and Payback-Period
It’s not unusual for business owners to evaluate projects based on two well-known tools: the payback period (PP) and the return on investment (ROI). Both …
A Basic Guide to the 3 Valuation Methods
This post tries to simplify the 3 valuation methods but still covers intermediate/advanced topics. If you find them confusing, I recommend starting with the Fundamentals …
Lessons from Thinking, Fast and Slow
Thinking, Fast and Slow by Daniel Kahneman is a psychology book that offers a lot of business insights. We, as humans, have our biases. First …