Healthy cash flow, profitability and business planning
In this episode of Business Spotlight, we connected recently with Jennifer Hume – Profitz Consulting.
In this episode, Jennifer shared these golden nuggets:
• Two important things that make a business successful are profitability and the business owner's fulfillment.
• Business Plans are a great starting point, but business owners need to realize that businesses morph over time and the goal of the business today may be different from the goal of the business next year.
• In business planning, you need clarity in your mindset, of where you want to go with the business and understand how that relates to you.
• Don't have your money in just one account. Separate your business accounts (Jennifer has 11!) and your personal accounts.
• Be honest with yourself about your money situation.
• Holding onto your money a little bit longer can really help you out in the long run.
• Start with saving 1% in a separate account."
If you want to follow Jennifer and learn how to increase the profitability of your business, you can do so here:
WEB: https://profitz.ca/
FB: https://www.facebook.com/profitzconsulting
IG: https://www.instagram.com/profitzconsulting/
LinkedIn: https://www.linkedin.com/company/profitz-consulting/
If you would like to be part of our Business Spotlight series, please reach out!
If you are a new viewer to Business Spotlight, we would love to hear from you. Please visit our page https://www.linkedin.com/company/actioncoachhalton and let us know what you would like to see from us!
If you would like to be part of our Business Spotlight series, please reach out!
Follow our channel
Follow our host
Hugo Breton, https://www.linkedin.com/in/hugombreton/
Check Out More Business Spotlight Programming
115 George St., Unit 615
Oakville, ON L6J 0A2
(844) HALTON-1
Learn, sign up to business education events and connect with fellow business owners building a brighter future!
© 2024 ActionCOACH | Real People. Real Results® | All Rights Reserved. Privacy Policy | Terms of Service