Build a Business, Not a Job

Category: Finance & Accounting

6 Ways to Make Sure Your Company Never Runs Out of Cash Again

6 Ways to Make Sure Your Company Never Runs Out of Cash Again

Over the years, I have shared with you many tips and tricks to improving your profitability. Things like raising pricing, focusing on your winning products and services and redesigning workflow and systems, all play a huge part in your bottom line. Today I want to address some ways that you can look at your cash […]

Read more


Understanding the PPP Workforce Reduction Rules After the August 4th, 2020 FAQs

Understanding the PPP Workforce Reduction Rules After the August 4th, 2020 FAQs

The most important aspect of the Paycheck Protection Program is a borrower’s ability to have their loan forgiven if they meet certain criteria. Under the CARES Act, which created the PPP, one of those criterion was that, during their loan coverage period, the borrower had to maintain the same workforce levels they had prior to […]

Read more


The 1 Financial Indicator You Aren’t Looking At

Do you ever wish that there was a magic number that would give you an insider view on your profitability? Do you wish that there was an easier way to take the pulse of your business’s financial health? Do you wish that there was one financial metric that you could use to help determine if […]

Read more


17 Things You Can Do To Reduce Your Overhead Costs Today

“I would love to scale my business, David. But I am really struggling with cash flow issues right now.” I hear this every single day from small to medium business owners. They have a great product and a loyal customer base, yet they still can’t seem to make ends meet and cash flow is always […]

Read more


The 9 Most Common Small-Business Bookkeeping Mistakes–and How to Avoid Them

Over the last 25 years, I have helped thousands of business owners grow and scale their businesses.  I have had the privilege of helping business coaching clients increase their revenue in a short period of time by teaching them how to create systems and controls and making smarter business choices. Unfortunately, for many business owners […]

Read more


Why Your Cash Flow Problems Have Nothing to Do With Your Sales (and How to Fix It Quick)

Every business owner has experienced cash flow problems at one time or another, and the gut reaction for most entrepreneurs is to immediately ramp up their sales efforts in an attempt to turn the tap back on and get cash flowing again.  This instinct however is counter productive. In fact, in most cases ramping up […]

Read more


4 Ways You Will Never Sell Your Business

Deciding to sell your business is a big decision and one that you don’t make very often. You weigh the pros and cons of your exit strategy, read all the articles and books on the secrets to selling your business and you begin to take a good hard look at your own business processes and […]

Read more


5 More Ways to Increase Your Profits and Make More Money

Tired of working longer hours with no increase in revenue? Try these 5 simple things that you can do today to increase your bottom line. I recently shared with you my top 5 Ways to Increase Your Profits, and the response was very positive. So much in fact, that I would like to share you […]

Read more


3 Ridiculously Easy Negotiation Questions to Stop Overpaying Your Vendors and Suppliers

You already spend thousands with suppliers and vendors every month. Why not learn how to get the best pricing with these negotiation secrets?These three ridiculously easy questions will save you 5 to 15 percent or more on every purchase or contract.

Read more


Professional Service Coaching Clients — A Powerful Strategy to Increase Your Profit Margin by 15% or More

Most of our professional service coaching clients come to us with an operating profit margins of 25-40 percent. This means that out of every dollar of revenue, 25-40 cents drops to their bottom line as pre-tax profits. I want to share with you a simple strategy that one law firm I work with used to […]

Read more


4 Simple Tips to More Successfully Raise Start-Up Capital

It’s an exciting time, as start-up culture has taken the business world by storm over the last ten years. People are eager to bring their visions to life and dream that “their” idea is the “next big thing”, and that it’s the “new and improved” Facebook or Airbnb. Because there are so many new start-ups launching every day, the competition for start-up capital is tight.

Read more


3 Often Overlooked Ways to Quickly Boost Your Profit Margin

One advantage of working with hundreds of business coaching clients is that we get to see which “levers” in a business are the easiest to quickly impact profitability. Here are my three favorite “profit levers” for you to adjust to increase your company’s operating profit margin. One: Raise Your Prices I know you may be […]

Read more


The Power of a Rolling 120-Day Cash Flow Forecast

Here’s a simple method to regain control of your cash flow (and why your P&L “profit” is often a misleading indicator of your cash position). I was giving a keynote address to a group of medical practice business owners when one of the people in the room came up to me after and shared about […]

Read more


30 Simple Ways to Increase Your Profits

When you give lots of keynotes or public talks to business owner and entrepreneurial groups like I do you get hit with the same questions over and over. One of the most common questions I get is, “How do I increase my profitability?” It’s a great question. Here in one list are 30 simple strategies […]

Read more


How to Pinpoint the Real Cause of Your Cash Flow Challenge

Over the past twenty years I’ve coached thousands of companies in dozens of industries. One of the most common reasons someone reaches out to my company, Maui Mastermind, to help them scale their business is a painful cash flow challenge. Here is the diagnostic process we’ve refined over the years to help pinpoint the precise […]

Read more


Business Advice: 5 Ways Your P&L Lies (and why it might cause your business to fail)

“David,” Tina said [actual business coaching client, but not her real name], “We’re really struggling to meet our payables this month but we have over $700,000 in profit year-to-date, how can this be happening to us? This is not something we’ve experienced before. Do you have any business advice?” That’s when I had to share […]

Read more


7 Tips to Lower Your Outstanding Receivables and Collect More of What You’re Owed!

Charlene (name changed) was an attorney with a sterling reputation as a business attorney in Chicago. She was also struggling with cash flow challenges, which is what had prompted her to hire my company as her business coach. It was Charlene, one associate attorney, and one paralegal, and collectively they were billing roughly $600,000 per […]

Read more


23 Tips to Reduce Your Biggest Business Expenses

Here are 23 ways to reduce your five biggest company expenses so that you increase your profit margins.

Read more


22 Simple Tactics to Increase Profitability

We all have our reasons why we started the companies we did. For some it was a higher social purpose, for others it was the challenge of creating something new, and for you it might have been a different reason altogether. One thing we all have in common is the need for our companies to […]

Read more


6 Tips to Make Smarter Strategic Business Financial Decisions When Scaling Your Company

One of the highest leverage places to focus your time as a business owner is on the big picture strategic decisions you make. Here are 6 tips to make smarter strategic financial decisions to help you scale smarter.

Read more