As thousands of businesses struggle during COVID-19, those that have been able to survive this long remain encumbered by the continuously changing requirements to reopen. More professionals are wary of leaving their homes and thus choose to work indoors. Cities are enforcing strict public health measures which are affecting commercial operations. Sales numbers are dwindling as … [Read more...]
When you hear the word "author," your mind likely goes to big names like James Patterson, Nora Roberts, Agatha Christie, or even Dr. Seuss. Yet, if you look at the latest bestseller lists, you’ll also find names of people who are perhaps better known for their businesses. James Collins, Dale Carnegie, Stephen Covey, Tim Ferriss, and Seth Godin would all be on this list. But … [Read more...]
How many times have you heard that if you really want to succeed in business, you have to know your numbers? When I first started out as a solopreneur, I didn’t think that this advice applied to me. Because I don’t own a huge company, manufacture products, or have a ton of employees, I felt that I was somehow excluded from keeping track of these types of metrics. Boy was I … [Read more...]
When you own your own business, you have to not only expect, but also plan for the natural ups and downs that you’re likely to face financially—especially in your first few years of operation. Some weeks it’s a feast and the next it can be a famine, making it desirable to find other ways to earn income so you’re more stable and able to withstand the “dry” seasons. One of the … [Read more...]
Revenue is the amount of money a company brings in from any of its business activities. Revenue can be accounted for in several different ways and can also be divided into “operating revenue” or “non-operating revenue”. Operating revenue is the revenue generated from a company’s core business, while non-operating revenue would be generated from the sale of asset or investment … [Read more...]
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