Markademics’ Post

This decision is not just a bottom-line impact. Due to the decision to discount, the company will not have the cash flow to invest in the technology to automate processes that will allow it to operate faster and more efficiently. The company will not be able to recruit the person internally that’s going to be able to really serve its clients in an “All Star” fashion. Unfortunately, what ensues, is that the company ends up financing the endeavors of its client. In some ways, the entrepreneur ends up actually serving as a bank for its clients. Now the client has 30 days to turn around its invoice, in the meantime, the company is working on cashflows of just what it has right now. The company’s cash flows are tight because today the company has to purchase that next batch of raw materials, pay its internal team, reinvest in advertising, and pay operating expenses that are required to keep the office running. And so really, it is important to think about the domino effect that happens when you discount your prices. You’re not just charging a price for your own bottom line. You are representing your staff. You are representing your team, and at the end of the day, you’re also representing your client. If a company doesn’t charge a fair price, the company is not going to be able to put the right people on that job that will give the client the service and the quality that he or she is expecting. Instead, the client will be placed in a situation that’s high stress, and the client will be working with someone that they really didn’t want to work with because now, they’re working with somebody that doesn’t have the right experience. Learn more about Revenue and Pricing in my book, Profit First For Minority Business Enterprises -> https://lnkd.in/gMj5UVb Listen to our new podcast episode on how to manage excess cash flow. 🎙 https://lnkd.in/gsHM38ht

Anyone running their own business knows what it's like to wear a bunch of different hats...management, accounting, HR, sales, marketing...but what about managing your wealth and the wealth of your business? This week on the podcast Robert and Mike tackle the all too often forgotten aspect of running your own business and planning for your future. https://lnkd.in/gy7nyBqn #wealthstrategiesunleashed #finance #concenturewealth

The Finnish state is an investor or owner in over 70 companies. In our latest episode of The Growth Pod, we discuss with Minister Anders Adlercreutz the state's role as a shareholder, lessons learned from the Fortum-Uniper deal, challenges with subsidies, and more. Link to the full episode in the comments!

I've had the pleasure of appearing on several podcasts recently, and this one was particularly engaging. 𝗪𝗲 𝗲𝘅𝗽𝗹𝗼𝗿𝗲𝗱 𝟭𝟬 𝗶𝗻𝘁𝗿𝗶𝗴𝘂𝗶𝗻𝗴 𝘁𝗼𝗽𝗶𝗰𝘀: 1. Building consistent singles and doubles boosts confidence and often outlasts most competitors. 2. Construct businesses that mutually support each other. 3. Emphasize getting paid for decision-making, not just for the work done. 4. Discovering how to select an opportunity to find a stellar operator. 5. Understanding the immense desirability of establishing a mini S&P 500 around assets that generate cash flow. 6. Reflecting on how beginning a career in the medical device industry was the best decision I've ever made. 7. Is being a solopreneur the equivalent of a high-paying sales job? 8. Outlining my four pillars of life: Health, Relationships, Assets, Knowledge. 9. The importance of building something today that someone might want to buy in the future. 10. Learning how to keep ego in check and channel energy in a productive direction. #entrepreneurship #business #medicaldevice 

Do you ever feel like you have too much to do? You know that you want to grow your business, but you don’t know how to scale it as it grows.   Most financial advisors, insurance agents, wholesalers, branch managers, and even agency managers don’t have a method for scaling their businesses. They have never realized that specific strategies can create scalability. To effectively scale your business, you need the right people, products, technology, and systems in place to create the growth you want without chaos or overwhelm.   Your scalability is your ability to maintain a good performance as your business grows. You want to be scalable because it means you have the ability to attract the right talent, clients, and eventually buyer(s) for your business when you decide to retire.

Loved this quote from Frank Teruel, CFO at Arkose Labs on the CFO THOUGHT LEADER podcast 🔉 : "The function of everyone is to be predictive. Not to be historians or journalists. I believe it’s the Achilles heel of finance….finance is always almost inherently a journalistic function [we lost money this quarter, or we made money this quarter]. In reality we want to pay people to see around corners, not to report the past. The past is important but the through-lines and trends are more important. So in that sense we’re focused on sharing information that has a predictive nature to it, so that people can draw the right inferences from it as opposed to a bunch of information with no context." Accounting is focused on getting the past correct. Finance requires a clear picture of the past as well as an understanding about all of the moving pieces that produced those outcomes to accurately predict the future. 🔮 Our goal at Basis.so has always been to help finance leaders increase the operational agility of their orgs by processing financial and performance data to give managers the exact metrics and analytics they need to make more accurate predictions about the future. 💡🤸♀️📈

𝐀𝐬 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐨𝐰𝐧𝐞𝐫, 𝐡𝐨𝐰 𝐜𝐚𝐧 𝐲𝐨𝐮 𝐞𝐧𝐬𝐮𝐫𝐞 𝐲𝐨𝐮’𝐫𝐞 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐟𝐞𝐰? I had the pleasure of joining Penny Power OBE on her BIPChat podcast. In our discussion, we delved into the 8 levers that drive value in a business and explored the 3 key factors that can significantly impact your cash flow, enabling innovation and growth. Don't miss out on this insightful episode! Tune in to Penny's podcast on your favourite platform by searching for Penny Power BIPChat,  watch below, or check out the YouTube version, link in comments. Feel free to share with business owners and entrepreneurs who this could help. #noblindspots #preptosell #exitstrategy #businessvalue 

On today’s Podcast, Irene and Jane discuss the how the rising interest rates affect business owners and their business decisions and what effects this is having on future decisions business owners are making. The rise in interest rates has impacted business owners and their plans for expansion, investment into new markets, hiring decisions, and affected budgets throughout many industries. In order to navigate this unexpected increase to expenses, Jane and Irene have kept up to date on the developments and developed strategies to mitigate the effects and ways in which to look for alternatives to avoid having expansion plans, projects, or business operations stall. As always, please feel free to reach out to Irene or Jane with any questions you may have!   Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established. Subscribe to our Youtube channel! https://lnkd.in/gDe_tEHx Follow us on Instagram! https://lnkd.in/gVpYtKEz

Every job has its challenges, and in this podcast our VP of Operations, Mach Molina, discusses how he handles some of the biggest challenges in his role at Critical Connexion. Whether it is managing resources, dealing with acquisitions, or handling teams, Mach discusses how he manages these different situations. Listen to Mach here and visit www.criticalconnexion.com for more information. #business #businessandmanagement #accounting #financial #hr #operations #branding #success #taxes #partnership #consulting #businessmanagement #systems #systemintegrator #systemmanagement

Learn how to set goals, assess market trends, and ensure your business's long-term success. Watch the full podcast episode👇👇👇