Planning

0

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

0

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

0

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

0

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

0

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

0

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

0

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

0

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.

0

How to develop effective KPIs to drive your business

By Anna Masker In standard14th July, 2017 How to develop effective KPIs to drive your business

In our last post we talked about how you can kill the effectiveness of your Key Performance Indicators (KPIs) by trying to measure too many of them. I think that a big reason why business owners overdose on KPIs is that they don’t know how to develop a meaningful KPI, and fall into the trap

0

Killing KPIs

By Anna Masker In standard27th June, 2017 Killing KPIs

There is a new epidemic hitting businesses today.  Many companies are overdosing on, of all things, KPIs. Business owners can easily kill the effectiveness of their KPIs by trying to measure too many of them at the same time. When an owner first starts using KPIs, they often go crazy. “What gets measured gets done,” they think. Many

Contact Us

90 East Halsey Road
Suite 327
Parsippany, NJ 07054

Tel: (973) 659-1430
Fax: (973) 659-1490
info@profitpointconsulting.com

Get Our Newsletter

Join our newsletter today by signing up using the below link.