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When it Comes to Downsizing, Use a Scalpel, Not an Axe

By Anna Masker In standard4th April, 2018 When it Comes to Downsizing, Use a Scalpel, Not an Axe

Cutting carefully preserves the essentials and sets you up for success down the road Downsizing. It’s a situation no business owner or CEO wants to face, but sometimes it’s unavoidable. The economy falters, profits tumble, and you must find a quick way to reduce costs. That could mean cutting jobs, cutting services, and maybe even

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Keeping Your Employees’ Hands out of Your Cookie Jar

By Anna Masker In standard28th March, 2018 Keeping Your Employees’ Hands out of Your Cookie Jar

3 proven strategies to prevent internal fraud and embezzlement “Good one!” I thought, as a colleague of mine in the payroll industry was describing how one of her client’s employees creatively embezzled hundreds of thousands of dollars from the company. The scheme was so ingenious, I added it to our internal “watch list” for future

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4 Pricing Strategies You Can Take to the Bank

By Anna Masker In standard22nd March, 2018 4 Pricing Strategies You Can Take to the Bank

Maximize profits and keep customers satisfied using these effective techniques Pricing. It’s the million-dollar question that can make or break a company. Aside from being able to cover your costs and make a profit, do you know that your pricing is a strategic tool you can use to gain market share or send a signal

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Half of New Businesses Fail Within Three Years

By Anna Masker In standard20th March, 2018 Half of New Businesses Fail Within Three Years

… and cash flow is a common culprit All business owners have heard envious comments like “Oh, I’d love to have my own business!” or “It must be great being your own boss!” What few of these entrepreneurial admirers appreciate is the fact that business ownership requires intense effort and a fierce commitment to solving

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Clever Ways Your Employees Can Steal from You

By Anna Masker In standard16th March, 2018 Clever Ways Your Employees Can Steal from You

How employee theft can manifest in surprising ways – and what to do about it “Clever!”  I thought. A colleague of mine was relaying how her client’s bookkeeper stole hundreds of thousands of dollars from the owners. This theft went undetected for months until the government called looking for their payroll taxes. That business went

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It’s OK to Discriminate:

By Anna Masker In standard14th March, 2018 It’s OK to Discriminate:

Avoid growing into bankruptcy by getting choosier about the clients you take on and retain In business, growth is a great thing. And new clients, customers, and revenue streams are always welcome additions to any expanding company, right? Not so fast. If you are running a business – especially a rapidly growing one – it’s

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Announcing our new web-based KPI dashboards!

By Anna Masker In standard14th January, 2018 Announcing our new web-based KPI dashboards!

We are excited to announce that we will be rolling out our new web-based KPI dashboards this month!  For those of you who are Profit Point Consulting (PPC) clients, you’ll start seeing these in January.  If you have worked with us in the past or have inquired about our services we are offering a free

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How much should you have in cash reserves?

By Anna Masker In standard31st August, 2017 How much should you have in cash reserves?

Hurricane Harvey has caused a tremendous amount of damage in Houston, TX.  Unfortunately, many of these businesses are relying on their insurance to cover the damages.  However, many business owners may be disappointed that their policies have exclusions that leave them holding the bill for much of the rebuild and repair.  Sadly, many of these

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You can’t run your business by looking at your bank balance

By Anna Masker In standard4th August, 2017 You can’t run your business by looking at your bank balance

Is this how you check on the health of your business? Step 1: Log in to your bank. Check the balance. Do a few small calculations in your head. Breathe a sigh of relief or panic and make a few phone calls. Step 2: Check sales numbers. Do a few small calculations in your head.

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“It’s not a toomah!”

By Anna Masker In standard1st August, 2017 “It’s not a toomah!”

Flipping through the channels, I happened to hit upon the greatest line of the movie Kindergarten Cop. Arnold Schwarzenegger was an undercover cop acting as a Kindergarten teacher.   While he was struggling to manage the rowdy class, he happened to complain about a headache. One child said, “Maybe it’s a tumor!”  to which Arnold fired

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